medicina-moderna

Volume 9 Issue 2

Are Entrepreneur-Led Companies Better? Evidence from Publicly Traded U.S. Companies: 1998-2010

Joel M. Shulman

Babson College, Babson Park, Massachusetts, USA

Abstract

Do U.S. publicly-traded companies led by entrepreneurs perform better than non-entrepreneur-led U.S. public companies? Our data suggests they do. We analyze monthly stock returns of U.S. publicly traded companies over the time period 1998-2010 and find compelling evidence demonstrating that irrespective of market capitalization and time period, companies led by U.S. entrepreneurs provide better stock performance than several stock market indices primarily comprised of non-entrepreneur-led U.S. companies.
Keywords: Entrepreneurial CompaniesPublicly-traded companiesHigh Portfolio ReturnsEntrepreneurial IndicesRisk-Adjusted AlphaFamily Ownership
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