CityWire:
Crazy in ETF love? New study imagines bottling star quality
6 June 2017
A new paper – by David Dorn of the University of Zurich, Lawrence Katz of Harvard University, and David Autor, Christina Patterson, and John Van Reenen of the Massachusetts Institute of Technology – offers an alternative way to define what they term ‘superstar’ companies. Their research is primarily concerned with labour’s falling share of GDP, which they argue can in part be attributed to these businesses.