Investors' return expectations are pivotal in stock markets, but the reasoning behind these expectations remains a black box for economists. This paper sheds light on economic agents' mental models - their subjective understanding - of the stock market, drawing on surveys with the US general...

Investors’ return expectations are pivotal in stock markets, but the reasoning behind these expectations remains a black box for economists. This paper sheds light on economic agents’ mental models – their subjective understanding – of the stock market, drawing on surveys with the US...

Formen und Bedeutung von M&A -- Konsolidierungs- und M&A-Wellen -- Finanzanalysten und Strategiebildung von Unternehmen -- Auswirkungen der Analystenbewertungen auf dem Kapitalmarkt -- Empirische Untersuchungen zur Existenz von Konsolidierungswellen und Prognoseverhalten von Analysten.