Hello community of alpha seekers and quants,
I'd like to propose a new index which is to quantify the arrogance - humbleness of CEOs using quantitative scorings to be defined (probably by psychologists knowing their human behaviour stuff).
My thesis is that just like Karen Rubin has shown that female led companies outperform their peers (see https://www.quantopian.com/posts/investing-in-female-ceos-sector-neutral-a-different-benchmark-and-new-data) I would postulate that humble CEOs who are Servant Leaders outperform arrogant ones.
This seems to support such a hypothesis:
...and there's probably a lot more of it if we dig plus some researchers such as the mentioned Don Hambrick.
This is NOT a political project but rather I'm just hunting alpha in alternative ways.
Ultimately it seems reasonable that a company's performance compared to its peers would be amongst other things a function of the skills of its staff both professional and human.
It is usually pretty straight forward to pick the best for the job in terms of merits - but what about the human aspect. Here I postulate that a measure of arrogance could be a good proxy for measuring fitness.
What I call for and need:
- anyone knows if similar data exists and where?
- anyone willing to join and create the index (huge undertaking - but probably fun)
"(Wo)Men wanted for hazardous journey. Low wages, bitter cold, long hours of complete darkness. Safe return doubtful. Honour and recognition in event of success" -- Shackleton, exploring the Antarctic