We examine the informational role of governments in the private sector in emerging economies. Using a large sample of private firms, we show that governments’ ability and willingness to collect and disseminate economic information (government transparency) is positively associated with...

This study examines the effect of peer-level analyst transitions (i.e., switching between brokerage houses) on associated regular incumbent analysts’ forecasting performance. We employ a difference-in-differences research design with analyst fixed effects and compare incumbent analysts of...

This study constructs a novel measure that aims to capture face-to-face private communications between firm managers and sell-side analysts by mapping detailed, large-volume taxi trip records from New York City to the GPS coordinates of companies and brokerages. Consistent with earnings releases...

During the last few decades, the internet and digital technology have fundamentally changed the global music industry. As a consequence, new companies and novel business models have emerged. Spotify, one of the new players in the music industry, has expanded its business activities and grown to...

This paper examines the role of financial frictions on the trading of emission allowances. Based on a wide international sample of firms and data from the European Union Emission Trading System (the most liquid and developed in the world) we document that firms with liquidity needs are...

Road transportation accounts for most of the freight transportation in the EU, with trucks responsible for 71.3 percent of all inland EU freight movements. The trucking industry in the EU is facing several challenges and Selfdriving Trucks (SDTs) seem to be a promising solution to its problems....

Dieses Arbeitspapier gibt einen Überblick über aktuelle Normen und Standards, die für das Projektmanagement (PM) von Bedeutung sind. Als relevante Normungsorganisationen werden die International Organization for Standardization (ISO), das Deutsche Institut für Normung (DIN) und das...