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HUMAN CAPITAL GAINS: HOW THE INVESTMENT AND ALLOCATION OF HUMAN CAPITAL AFFECTS THE PERFORMANCE OF HIGH TECHNOLOGY INITIAL PUBLIC OFFERING FIRMS A second reason is that schools in more stratified markets are likely to be more internally homogenous; as the sampling variance of the school average depends linearly on the within-school variance of individual characteristics, more internally homogenous schools imply more reliable schoollevel averages. | INFORMATION TO USERS This manuscript has been reproduced from the microfilm master. UMI films the text directly from the original or copy submitted. Thus some thesis and dissertation copies are in typewriter face while others may be from any type of computer printer. The quality of this reproduction is dependent upon the quality of the copy submitted. Broken or indistinct print colored or poor quality illustrations and photographs print bleedthrough substandard margins and improper alignment can adversely affect reproduction. In the unlikely event that the author did not send UMI a complete manuscript and there are missing pages these will be noted. Also if unauthorized copyright material had to be removed a note will indicate the deletion. Oversize materials . maps drawings charts are reproduced by sectioning the original beginning at the upper left-hand comer and continuing from left to right in equal sections with small overlaps. Photographs included in the original manuscript have been reproduced xerographically in this copy. Higher quality 6 X 9 black and white photographic prints are available for any photographs or illustrations appearing in this copy for an additional charge. Contact UMI directly to order. Bell Howell Information and Learning 300 North Zeeb Road Ann Arbor Ml 48106-1346 USA 800-521-0600 UMI HUMAN CAPITAL GAINS HOW THE INVESTMENT AND ALLOCATION OF HUMAN CAPITAL AFFECTS THE PERFORMANCE OF HIGH TECHNOLOGY INITIAL PUBLIC OFFERING FIRMS by JASON c. SENJEM B. A. University of Minnesota 1993 M. s. Purdue University 1995 A dissertation submitted to the Faculty of the Graduate School of the University of Colorado at Boulder in partial fulfillment of the requirement for the degree of Doctor of Philosophy College of Business and Administration .

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