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Andreas Oesinghaus
Last Name
Oesinghaus
First name
Andreas
Email
andreas.oesinghaus@unisg.ch
Phone
+41 71 224 3380
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1 - 3 of 3
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PublicationAnalysts’ extrapolative expectations in the cross-sectionThis paper examines extrapolative patterns of analysts’ expectations in the cross-section of firms. Using analysts’ target prices, I estimate the degree of extrapolative weighting capturing the relative weight analysts place on recent versus distant realized returns when forming their price expectation. I show considerable levels of extrapolation in the overall sample and on firm level. Results suggest considerable cross-sectional variation of extrapolation with valuation difficulty having a positive impact on the degree of extrapolative weighting. Furthermore, I construct a time-series of the degree of extrapolative weighting and argue that its time-series variation is also explained by valuation difficulty.Type: journal articleJournal: Journal of Economics and Business
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PublicationSteuerung in FamilienunternehmenFamily firms have unique characteristics due to their financial and emotional ties to a family, which influence the design of their control systems. This article explores these interactions, providing a systematic basis for management accountants and owners to express and align their expectations for the control system. Further, the dominant role of informal controls in family firms is emphasized.Type: journal articleJournal: Controlling: Zeitschrift für erfolgsorientierte UnternehmenssteuerungVolume: 36Issue: 2
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PublicationType: journal articleJournal: Controlling : Zeitschrift für erfolgsorientierte UnternehmenssteuerungVolume: 35Issue: 3