Project portfolio benefits (PPBs) are typically regarded as a key feature for successful project portfolios in practice. However, there is little prescriptive knowledge that offers guidance on how to tackle the realisation and improvement of PPBs. To narrow this research gap, we develop a...

We introduce a real-time measure of conditional biases in firms' earnings forecasts. The measure is defined as the difference between analysts' expectations and a statistically optimal unbiased machine-learning benchmark. Analysts' conditional expectations are, on average, biased upwards, and...