Heckmann, Lotta; Memmel, Christoph - 2024
We analyse the ftnancial forecasts small and medium-sized German banks provided in several waves of a quantitative … survey, called LIRES, and compare them with the results the banks actually realized. Based on this unique data set, we ftnd ….e. banks whose predictions are more accurate tend to have a higher return on assets. Looking at the forecasts made just before …