April 2003

Strategic Planning as a Learning Process
Utz Schäffer/Bianca Willauer

Momentum and Turnover: Evidence from the German Stock Market
Markus Glaser/Martin Weber

Heterogeneous Beliefs, Moral Hazard and Capital Structure
Jochen Bigus

Ultimatum Games and Wages: Evidence of an "Implicit Bargain"?
Kerstin Pull

Book Review
Accounting Theory. An Information Content Perspective
Christensen, John A./Demski, Joel S.