Your broker claims that wellmanaged firms are not necessarily more profitable investment opportunities than firms with an
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Your broker claims that well–managed firms are not necessarily more profitable investment opportunities than firms with an average management. She cites an empirical study where 17 well–managed firms and a control group of 17 average firms were followed for 8 years after the former were reported in the press to be “excelling” as far as management is concerned. Is this evidence that the stock market does not recognize good management?
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Lectures On Corporate Finance
ISBN: 9789812568991
2nd Edition
Authors: Peter L Bossaerts, Bernt Arne Odegaard
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