Policy-makers and managers often turn to experts when in need of information: because they are more informed than others of the content and quality of current and past research, they should provide the best advice. I show, however, that we should expect experts to be systematically biased,...

Expert performance is often evaluated in a one dimensional way by assuming that good experts have good outcomes. We examine the example of expertise in medicine and develop a model that allows for two dimensions of physician performance: Procedural decision making and skill performing...

This paper investigates the price and volume behavior around buy, sell and holdrecommendations of Swiss stocks, as published in the major financial newspaper in Switzerland. This represents a random selection of recommendations which have been previously released by banks to their customers....

Unsere Wirtschaftswelt wäre ohne “Consulting” nicht, wassie ist. Beratung heißt, Unternehmen immer wieder umzubauen,sie strukturell zu verändern und effizienter zumachen, damit sie im Wettbewerb bestehen. Daher wirdqualifizierte Unternehmensberatung künftig noch gefragtersein – in erster...

Ziff. 4. 2. 2 Abs. 3 DCGK lautet: „Soweit vom Aufsichtsrat zur Beurteilungder Angemessenheit der Vergütung ein externer Vergütungsexpertehinzugezogen wird, soll auf dessen Unabhängigkeit vom Vorstand bzw. vomUnternehmen geachtet werden.“ Dieses Gebot der Unabhängigkeit beziehtsich nicht...

This book, based upon the correspondence of William Nelson Lovatt, Korea's first commissioner of customs in Pusan, looks at the informal imperialism exercised by China over Korea in the 1880s, as China's increasing interventionism affected Lovatt's hiring, his experiences in Korea, and his...