We measure the information content of monthly analyst consensus forecasts for one-year-forward earnings per share (EPS) based on two well-established price discovery measures drawn from the area of market micro-structure research. Employing a 36-year sample of large American companies listed in the S&P 100 Index, we compute (i) Hasbrouck’s information shares and (ii) Gonzalo and Granger’s commo...

Companies’ realized earnings depend on overall economic conditions. Market participants should therfore adjust their earnings expectations to surprising macroeconomic news. However, despite its importance for asset pricing models, thus far, empirical research was not able to provide clear-cut evidence of a link between earnings expectations and economic news. Based on a detailed analysis of the...

Article history: Accepted 25 February 2013 JEL classification: G12 G14 E43

The genotype × environment interaction has a direct effect on genotypes stability and adaptability in different environmental conditions . In this sense, plant breeders look for genotypes that have general adaptability, or they look for genotypes that have specific adaptability for specific environments. In this regard, 20 chickpea genotypes were used in a randomized complete block design with ...

Article history: Received 30 March 2013 Accepted 14 May 2013 Available online xxxx JEL classification: C02 C13 G14

G00–G09, Inflammatory diseases of the central nervous system G10–G14, Systemic atrophies primarily affecting the central nervous system G20–G26, Extrapyramidal and movement disorders G30–G32, Other degenerative diseases of the nervous system G35–G37, Demyelinating diseases of the central nervous system G40–G47, Episodic and paroxysmal disorders G50–G59, Nerve, nerve root, and plexus disorders G...