This paper presents the role of an innovative university masters' degree programme as a basis for skills development in human capital analysis for finance and business students in their core degree programmes. The programme uses general systems theory to provide a framework for describing two...

In this paper we explore the mechanisms that allow securities analysts to value companies in contexts of Knightian uncertainty, that is, in the face of information that is unclear, subject to unforeseeable contingencies or to multiple interpretations. We address this question with a...

This paper studies how investors react to public messages that may be optimistically biased. We first construct a communication game between an investor and a (possibly) biased securities analyst. We find an equilibrium characterised by the following properties: first, the investor reacts more...

Im Fokus des Beitrages steht die Arbeitsregulation in wissensbasierten Unternehmen. Interessenvertretungen werden hier nicht nur damit konfrontiert, dass hochqualifizierte Beschäftigte – Wissensarbeiter/innen – zur Selbstvertretung tendieren, sondern auch mit neuen integrativen Human...