Despite an ultra-looser monetary policy, investment activity by major German corporations remains weak. The study shows that this is partly due to the consistently high cost of capital.

Inaccurate economic forecasts have deeper reasons than just uncertainty about the future. However, the incentives for this are quite different for companies on the one hand and for macro experts on the other.

The debt burden that many DAX companies are weighing on due to their pension promises remains high. As this article shows, the financial strength of some corporations is likely to suffer for many years from the pension deficits to be closed.

Shortsellers enjoy a dubious reputation on the capital market. If they become involved with companies, the share price and reputation of these companies often suffer sustainably.

Management forecasts and their adjustments are closely monitored by the capital market. As the present analysis shows, significant share price reactions occur in the course of forecast adjustments.