Relying on the well-established theoretical result that uncertainty has a common and an idiosyncratic component, we propose a new measure of earnings forecast uncertainty as the sum of dispersion among analysts and the variance of mean forecast errors estimated by a GARCH model. The new measure is based on both common and private information available to analysts at the time they make their for...

Barberis, Shleifer, and Vishny (1998) construct a model in which investors use the prevalence of past trend reversals as an indicator of the likelihood of future reversals. While such “regime-shifting” beliefs are consistent with a variety of psychological theories, other contrary predictions are consistent with the same theories. We report two experiments with MBA-student participants that str...

How should an organization’s center allocate resources units under its control which are better informed? Even with conscientious productivity reviews, important information will remain asymmetrically held. If units value their own expenditures more than those of their peers, they will seek excess budgets and expenditures. Fortunately, budget authorities can infer productivities from units’ exp...

Abstract Avian infectious bronchitis (IB) is a highly contagious disease caused by virus (IBV), coronavirus of domestic fowl. IB major concern in the poultry industry, causing worldwide economic losses through decreased egg production and quality increasing chicken's susceptibility for secondary bacterial infections, particularly Escherichia coli . In this study, anti‐IBV activity cathelicidins...

Effectiveness in controlling mosquito larvae in stormwater catch basins in the North Shore Mosquito Abatement District (northeastern Cook County, IL) was determined for 2 extended-duration larvicides indicating up to 180 days of control on their labels (Natular™ XRT, FourStar® Briquet) and 3 larvicides indicating up to 30 days of control (Natular™ T30, Natular™ G30, and VectoLex® FG). Over the ...

Objective To analyze bond strength to bleached enamel following application of 10% sodium ascorbate gel. Material and methods Forty third molars were allocated into five groups (n = 8): GP - unbleached specimens restored with composite resin; GN - specimens restored immediately after bleaching; and G15; G30 and G60 (test groups) - bleached specimens treated with 10% sodium ascorbate gel for 15,...

We investigate the association between business strategy and firm-level tournament incentives in China find that is associated with positively. further this positive relationship manifests itself local, but not central, state-owned enterprises (SOEs). In addition, we also offer some evidence foreign institutional investors play a moderating role on incentives. Our study fills gap existing liter...