We investigate whether value-relevant foreign information only gradually dilutes into stock prices of multinational firms worldwide. Using an international sample of firms from 22 developed countries, we find that a portfolio strategy based on firms' foreign sales information yields future...

Die vorliegende Dissertation umfasst drei empirische Essays, welche die Prognostizierbarkeit von Aktienrenditen in internationalen Aktienmärkten untersuchen. Der Fokus liegt hierbei auf der Renditeprognostizierbarkeit durch Informationsfriktionen in Finanzmärkten. Die Essays in dieser...

This essay on Corporations is a chapter in an upcoming volume on economic theology edited by Stefan Schwarzkopf.The secular study of corporations has long regularly focused on three sets of concerns: (1) Is the idea of corporate “personhood” only a convenient shorthand for a complex set of...