Research "HUMAN CAPITAL GAINS: HOW THE INVESTMENT AND ALLOCATION OF HUMAN CAPITAL AFFECTS THE PERFORMANCE OF HIGH TECHNOLOGY INITIAL PUBLIC OFFERING FIRMS "

HUMAN CAPITAL GAINS: HOW THE INVESTMENT AND ALLOCATION OF HUMAN CAPITAL AFFECTS THE PERFORMANCE OF HIGH TECHNOLOGY INITIAL PUBLIC OFFERING FIRMS A second reason is that schools in more stratified markets are likely to be more internally homogenous; as the sampling variance of the school average depends linearly on the within-school variance of individual characteristics, more internally homogenous schools imply more reliable schoollevel averages.