Word-of-mouth (WOM) plays an increasingly important role in shaping consumers' attitudes and buying behaviors. Prior work in marketing has mainly focused on the aggregate impact of WOM on product sales as well as the generation of WOM. Very little attention has been paid to the consumption or...

Sovereign credit rating actions have attracted considerable attention recently. This study employs a rich and unique data set of ratings from six international agencies to investigate the causes of split sovereign ratings in emerging countries. Three reasons are identified in explaining the...

Logit and probit models are widely used in empirical sociological research. However, the widespread practice of comparing the coefficients of a given variable across differently specified models does not warrant the same interpretation in logits and probits as in linear regression. Unlike in...

Michael Schröder (Hrsg.) Basistechniken, Fortgeschrittene Verfahren, Prognosemodelle 2., überarbeitete Auflage 2012 Schäffer-Poeschel Verlag Stuttgart IX Inhaltsübersicht Vorwort zur zweiten Auflage ...

Market participants must rely upon probability assessments of the current state of the economy, that is, their rational ex-ante estimates of recession fears, when making financial and investment decisions. This paper explores whether ex-ante recession fears, modelled using probit analysis of...