Forecaster characteristics and forecast outcomes

Article Abstract:

The characteristics of forecasters create small impact on the efficiency of forecasts. Though it may be the case, the accuracy of inflation forecasts tend to be higher when forecasters have doctoral degree or have Federeal Reserve exposure. Forecast bias, meanwhile, is greatly affected by the characteristics of forecasters. Positive forecasts are established by forecasters who have their own company to make their business more attractive to clients. Forecasters with Federal Reserve exposure are more lenient towards creation of exaggerated forecasts related to inflation and interest rates.

Forecasting, Business forecasting

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Hostile - vs. - white-knight bidders

Article Abstract:

Tobin's q is used to investigate whether friendly and hostile bidders that are involved in the same control contest are more likely to invest free cash flow in negative net present value projects instead of paying it out to shareholders and whether their actions are consistent with their shareholders' interest. Results show that the management of hostile bidders is acting in their shareholders' interest but not the management of white knights. The q ratio results indicate that the relative managerial efficiency is one characteristic that distinguishes hostile from friendly bidders.

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Characteristics of merging firms

Article Abstract:

Issues are presented concerning the factors which influenced corporate mergers in the 1990s and the difference between them and the factors which influenced corporate mergers in the 1960s, 1970s and 1980s.

Logits

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