We've heard a lot about how high-growth startups generate more jobs than other small businesses. Now there's evidence so-called entrepreneurial public companies create more employment than other firms of the same size.
The findings are from research by Joel Shulman, an associate professor at Babson College who also runs a newly created mutual fund called EntrepreneurShares Mutual Fund . It invests in 400 companies defined as entrepreneurial according to 15 core factors, including such characteristics as organic growth, an above average ownership stake among key stakeholders, an above average return on investment capital and a long duration of key managers. Companies, which also have a market cap of $200 million and more, range from Apple to Credit Acceptance Corp.