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Journal of Risk and Financial Management is published by MDPI from Volume 6 Issue 1 (2013). Articles in this Issue were published by another publisher in Open Access under a CC-BY (or CC-BY-NC-ND) licence. Articles are hosted by MDPI on mdpi.com as a courtesy and upon agreement with Prof. Dr. Raymond A. K. Cox and Prof. Dr. Alan Wong.
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Are Entrepreneur-Led Companies Better? Evidence from Publicly Traded U.S. Companies: 1998-2010

Babson College, Babson Park, Massachusetts, USA
J. Risk Financial Manag. 2010, 3(1), 118-138; https://doi.org/10.3390/jrfm3010118
Published: 31 December 2010
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. View Full-Text
Keywords: Entrepreneurial companies; publicly-traded companies; high portfolio returns; entrepreneurial indices; risk-adjusted alpha; family ownership Entrepreneurial companies; publicly-traded companies; high portfolio returns; entrepreneurial indices; risk-adjusted alpha; family ownership
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Shulman, J.M. Are Entrepreneur-Led Companies Better? Evidence from Publicly Traded U.S. Companies: 1998-2010. J. Risk Financial Manag. 2010, 3, 118-138.

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