Do Female Directors Raise ESG Ratings? A Meta-Analysis
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PAPER / ARXIV:2609.08198
Alexis Akira Toda
RESUMO
Bouchaud and Farmer (2023) argue that self-fulfilling beliefs generate a realistic wealth distribution. Their reported Gini coefficient, quantiles, and Pareto exponent are computed from dynasty-level wealth averaged over 250 dates, not from a cross section. Correcting the estimand strengthens their qualitative result: with $N=1{,}000{,}000$ dynasties, the terminal cross-sectional Gini is 0.883 rather than 0.7, and median wealth is 0.0052 rather than 0.39 of average wealth. The model therefore generates more inequality, but not the reported quantitative fit. Appendix F analyzes a different process and does not establish the claimed Pareto tail or exponent.
NO MESMO MAPA
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Resumo indisponível. Consulte o paper original.
Resumo indisponível. Consulte o paper original.
Resumo indisponível. Consulte o paper original.
Resumo indisponível. Consulte o paper original.