Is It a Good Investment Strategy to Invest in Malcolm Baldrige Award Winners? An Update
In a world of uncertain returns, investors consider risk. Lower risk is often ascribed to investments with higher quality. Firm quality, however, is difficult to quantify. One of the most exclusive management quality distinctions is the Malcolm Baldrige National Quality Award (MBNQA). Since 1988, only thirty-one MBNQAs have been awarded to publicly-held corporations, and frequently to small fractions of an entire firm. This report explains the MBNQA and reports on the share price performance of MBNQA winners.
How to Cite
Krueger, Thomas, and Mark Wrolstad. 2014. “Is It a Good Investment Strategy to Invest in Malcolm Baldrige Award Winners? An Update”. Journal of Finance Issues 13 (1):1-15. https://doi.org/10.58886/jfi.v13i1.2494.