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starcraft
searching PlanetScale…
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by
starcraft
8y ago
I see a few critical problems with this research. The first in the section "Do MBAs Make Better CEOs?". If the labour market is efficient we would NOT expect CEOs with MBAs to outperform CEOs without MBAs due to selection effects.
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by
starcraft
8y ago
It's not the same problem because expectations of CEO outperformance can be internalised into the price at time 0.