Die Entwicklung neuer Ansätze zur Förderung lebenslangen Lernens stellt eine der zentralen Herausforderungen an die empirische Erziehungswissenschaft dar. Es besteht ein Bedarf an Methoden, die sowohl individuelles als auch Gruppenlernen unterstützen, die der wachsenden Internationalisierung...

When there is uncertainty about a CEO's quality, news about the firm causes rational investors to update their expectation of the firm's profitability for two reasons: Updates occur because of the direct effect of the news, and also because the news can cause an updated assessment of the CEO's...

Using a structural market microstructure model, we develop a new measure of price informativeness that utilizes data on both price and volume, which we call the INF measure. We show that, compared to traditional measures, our measure is better at capturing information in prices, evidenced by...