The big question is really,whether managerial labor markets are efficient. If yes, the approach taken by Nguyen and Meisner is creative.
I have doubt whether efficiency in such markets is always given. Take the banking sector, where managers are embedded in strong company internal and external networks and where institutions cooperate on transactions. Efficiency is probably more given in various industrial sectors.
Very sympathetic! I suppose you posted this entry
because you had Warren Buffet's investment strategy in mind.
Think about what Olive could write in her blog today would
she have invested US$ 1'000 fifty years ago in GE.
Now enough of finance in this context! Really enjoy the
wonderful entries of Olive. Technology can really contribute
to a better world.
Thanks a lot for this very interesting FT article of Prof. Rosenzweig. Defining failure and success is really an issue of well differentiated views. I add herewith to academic papers which deal with the success and failure of M&A transactions. I leave it to your view whether the researchers have done their homework in defining precisely enough what success and failure means.