Replication Data for: External_Hiring_versus_Internal_Talent_Development - Intellectual_Capital_Calculations_Table_2_3.31.2021

This file contains replication information for the paper \"External Hiring versus Internal Talent Development: Impact on Portfolio Returns.\" The file shows the calculation of costs imposed on portfolio returns when internal talent development is lacking. Weak internal talent development can cause firms to hire externally and also promote unprepared executives. The file name is \"External_Hiring_versus_Internal_Talent_Development - Intellectual_Capital_Calculations_Table_2_3.31.2021.\"