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

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  • Joel M. Shulman

    (Babson College, Babson Park, Massachusetts, USA)

Abstract

Do U.S. publicly-traded companies led by entrepreneurs perform better than nonentrepreneur-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.

Suggested Citation

  • Joel M. Shulman, 2010. "Are Entrepreneur-Led Companies Better? Evidence from Publicly Traded U.S. Companies: 1998-2010," JRFM, MDPI, vol. 3(1), pages 1-21, December.
    • Handle: RePEc:gam:jjrfmx:v:3:y:2010:i:1:p:118-138:d:28371
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    References listed on IDEAS

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