In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...

Der vom Bundesministerium für Wirtschaft und Energie initiierte Fachdialog Ordnungsrahmen für die digitale Wirtschaft soll staatlichen Handlungsbedarf und staatliche Handlungsoptionen für die Etablierung eines kohärenten Ordnungsrahmens aufzeigen, der Wirtschaft und Gesellschaft einerseits...

According to PETWORLD financials, the year 2012 had seen a dip in sales, fewer people coming into its stores, and comparable store sales that were weaker than expected. Competition in the pet-care market was increasingly fierce with a variety of players, big and small, fighting for market share....