Momentum trading strategies have been proved to be profitable in different asset classes and on various national capital markets in the past. However, there are some indications for eroding momentum profits. Based on the theory of gradual information distribution on capital markets and the...

Purpose: Retail investors use information provided by mutual fund rating agencies to make investment decisions. This paper examines whether the ratings provide useful information to retail investors by analyzing the rating migration and closure risk of mutual funds that received Morningstar's...

The paper analyzes the question whether blue-chip stock indices provide a larger degree of internationalization than mid-cap stock indices. The specific focus lies on internationalization of blue-chip versus mid-cap stock indices in France, Germany, and the UK.Methodology/Approach: The dataset...

Introduction: Two next-generation pneumococcal conjugate vaccines (PCVs), a 15- and a 20-valent PCV (PCV15 and PCV20), have recently been licensed for use in adults (PCV15: EC decision Oct 14, 2021; PCV20: EC decision Feb 14, 2022). We developed a dynamical transmission model specific for Germany,...

Sell-side security analysts are considered as financial intermediaries who process, transform and transfer information in order to enable investors to make appropriate investment decisions. Prior research provides mixed evidence on the effect of experience on analysts' accuracy. In this paper we...