The evaluations measure what DAOs document about themselves rather than what DAOs do in operation, a source-document constraint the analysis does not claim to overcome.
Source quote, verbatim
The scores measure what DAOs document about themselves rather than what DAOs do in operation.
From
Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026), X. Limitations, p. 35 https://ssrn.com/abstract=6819121 · source PDF
Cite as
Wulf A. Kaal, The Institutional Deficit in Decentralized Autonomous Organizations - An Empirical Analysis (2026). SSRN: https://ssrn.com/abstract=6819121
Holds when
publicly available documentation as the evaluation source
The quote above is an exact passage from the source PDF, whose sha256 is f04b274f926d23848e77b429a13227baed9858b90fec826ddaabd2acca7035fe. Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/6819121-035.md | sha256sum