In an experiment with professional analysts, we study their reliance on CEO personality information when producing financial forecasts. Drawing on social cognition research, we suggest analysts apply a stereotyping heuristic, believing that extraverted CEOs are more successful. The between‐subjects results with CEO extraversion as treatment variable confirm that analysts issue more favorable forecasts (earnings per share, long‐term earnings growth, and target price) for firms led by extraverted CEOs. Increased forecast uncertainty leads to even stronger stereotyping. Additionally, personality similarity between analysts and CEOs has a large effect on financial forecasts. Analysts issue more positive forecasts for CEOs similar to themselves.

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Fuel gas cleaning is an important step in the development of coal-based combined cycle technologies. By integrating hot gas cleaning facilities in the combined cycle power plant, higher operating temperatures can be achieved. Research is being carried out at the Institute of Ferrous Metallurgy, Technical University of Aachen, to develop a process for gas cleaning at temperatures above 1300 ЊC using a venturi scrubber with molten slags as sorbents. This process offers simultaneous removal of particulate matter and alkali vapours in the gas stream. The present paper deals with the particulate removal tests, with major emphasis on investigations carried out to study the reaction between molten slags of various compositions and alkali vapours. These investigations included thermochemical calculations as well as an experimental reaction study.

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