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.
Highlights
Do U.S publicly-traded companies led by entrepreneurs perform better than non-entrepreneurled U.S public companies? Our data suggests they do
We analyze U.S publicly traded companies 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 comprised primarily of non-entrepreneur-led U.S companies
Our final data set for this paper includes 288 U.S entrepreneurial companies deemed entrepreneurs and represents each of the nine major Standard and Poors’ (S&P) 500 industry groupings with the largest representation residing in the information technology sector
Summary
Do U.S publicly-traded companies led by entrepreneurs perform better than non-entrepreneurled U.S public companies? We analyze U.S publicly traded companies 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 comprised primarily of non-entrepreneur-led U.S companies. These results are statistically significant with vast differences between our two data sets
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