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Short-sale constraints and the pricing of managerial skills

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Stock Performance and the Firm’s Training Program

Sum, Vichet - 2012

This paper examines if a portfolio of firms with the best training program consistently outperforms the market. This study constructs an equally-weighted portfolio of top 10 companies ranked in the Training Top 125 each year from 2001 to 2010. In particular, this study compares the performance...

Persistent link: https://www.econbiz.de/10013109081