Cmu continues to stand behind the Karolyi family, but why?
"Will the real specification please stand up?" discredits accounting paper
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The most perplexing thing about this thread is the anti-B trolls. It's obviously not SK because it's too transparent, and it's not even remotely funny. EJMR at it's worst.
In this sense, Bird is very selfish to drag his buddy down with him.
What the Karolyi family needs to do now is to make an irrefutable offer to Bird for him to take all responsibilities.
They only had a very short window to do this, which had passed a long time ago.
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The original version of that SSRN paper is even better. SKAB modified AY's code and claimed that with their changes, they could replicate their results.
It turned out that SKAB's code changes meant that they had sorted firms in the wrong order. So instead of comparing firms in between the two indexes, they compared firms at opposite ends of the two indexes!
http://www.filedropper.com/byaccountingresponseorig
Here is the original version of their response.When EJMR caught the error, SKAB responded by taking down the original and replacing it with the current version. So if you've ever wondered why SKAB have never posted their "replication kits," there's your answer.
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Doubt the situation affects SKAB's tenure. Keep hearing that the "club" views this as a witch hunt. We will find out soon enough.
Agree. I hear the same. It's f***** ridiculous to hear senior guys praise SK as a genius who gives the best comments. Some people said ejrm hates him out of jealousy because of his dad. Totally ignore how dumb they were.
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^
The original version of that SSRN paper is even better. SKAB modified AY's code and claimed that with their changes, they could replicate their results.
It turned out that SKAB's code changes meant that they had sorted firms in the wrong order. So instead of comparing firms in between the two indexes, they compared firms at opposite ends of the two indexes!http://www.filedropper.com/byaccountingresponseorig
Here is the original version of their response.When EJMR caught the error, SKAB responded by taking down the original and replacing it with the current version. So if you've ever wondered why SKAB have never posted their "replication kits," there's your answer.
Ladies and gentlemen, lil Steve Karolyi's most downloaded paper... a debunked lie, trying to cover up his fraud