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- Was It the Weather - Michael Kevane
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But is He (or She) Lucky?
Quantifying the Role of Chance in Executive Performance
Executive compensation—a subject much in the news in recent years—tends to be measured by and based upon the performance of the company. In theory, a chief executive officer who manages a firm well will generate strong profits and stock returns, thereby justifying the large compensation package that he or she commands.
But what if much of a company’s performance, good or bad, is the result of luck, and how can that be measured? Seoyoung Kim, a new assistant professor of finance, has studied the subject in depth and reported her findings in a paper, “Measuring Luck in CEO Outperformance,” that was recently submitted for publication
"Some people will repeatedly be lucky or unlucky."
Winter 2013 Contents
Winter 2013 Minds@Work Cover Page
Why Limit the Market?
But Is He (or She) Lucky?
Optimizing the Learning Curve
Why Foreign Cash Accumulates
Noted Faculty Named to Endowed Chairs