News from the editorial

  • Klaus Meitinger

First ray of hope in the economic indicator.

(Reading time: 2 - 3 minutes)
In November, companies in industry as a whole became somewhat more optimistic again. Although the current business situation has deteriorated, this was to be expected in view of the negative business expectations for the next six months in the past ifo surveys. On the positive side, business expectations for the next six months in November are now less pessimistic. In this part of the survey, respondents have to indicate whether they expect the business situation to become more favourable, remain the same or become less favourable over the next six months. The balance value is the difference in percentages between the more favourable and less favourable answers. It improved from minus 40.0 to minus 31.1, which is still a very poor value...

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  • Wittener Institut für Familienunternehmen (WIFU)

This is how family businesses become sustainability champions.

(Reading time: 3 - 5 minutes)
Sustainability has become a decisive competitive advantage. Family businesses can play a pioneering role in this area. Professor Marcel Hülsbeck from the Witten Institute for Family Enterprises WIFU shows how the transformation to sustainability champion succeeds. Based on current research findings, WIFU has developed a model that enables family businesses to develop a holistic sustainability strategy based on 10 steps. // 01. raise awareness of values in the entrepreneurial family and among the shareholders. Entrepreneurial families act across generations anyway. This already lays the foundation for a sustainability strategy. Starting points can be found in the family's lived values and mindset. The first step should therefore be a...

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  • Klaus Meitinger

Seismograph becomes even more cautious.

(Reading time: 1 - 2 minutes)
In August and early September, after a long period of maximum defensiveness, slight easing signals for equity investors came from the capital market seismograph. The probability of negative turbulence had fallen somewhat in favour of the probability of positive turbulence. "In the meantime, however, the probability landscape has shifted significantly towards negative turbulence again," informs Oliver Schlick, Managing Director of Secaro GmbH: "It is therefore advisable to reinforce the underweighting that still exists anyway." As you know, the seismograph combines various economic variables - early economic indicators, interest rate developments or even price fluctuations on the stock markets. From these, the probabilities for three...

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  • Klaus Meitinger

Positive development in the capital market seismograph stopped.

(Reading time: 2 - 3 minutes)
"The more favourable development of the capital market seismograph in the last few weeks has almost reversed itself in the last few days", informs Oliver Schlick, Managing Director of Secaro GmbH, "the probability in the direction of positive, calm markets receded, the negative turbulence probability rose again at the expense of the other two probabilities". As you know, the seismograph combines various economic variables - early economic indicators, interest rate developments or even price fluctuations on the stock markets. From these, the probabilities for three market states in the next month are distilled. Green stands for the expectation of a calm, positive market. If green dominates, investors should invest in shares. Yellow indicates...

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  • Klaus Meitinger

Seismograph sees mood on the stock markets improve further.

(Reading time: 2 - 3 minutes)
  At the beginning of August, after a long period of maximum defensiveness, the capital market seismograph delivered a first easing signal for equity investors. At that time, there was for the first time again a slight decline in the probabilities for negative turbulence in favour of the probability for positive turbulence. "This means it is appropriate to no longer be maximally underweighted, but only underweighted," explained Oliver Schlick, Managing Director of Secaro Gmbh, a fortnight ago. Because in the past, a change from "red" to "yellow" was often a signal that the worst was over in the stock markets. As you know, the seismograph combines various economic variables - early economic indicators, interest rate developments or...

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