Eponymous Entrepreneurs
نویسندگان
چکیده
We demonstrate that firm eponymy—the familiar convention of firms being named after their owners—is linked to superior performance. We propose a novel explanation, referred to as “utility amplification,” and develop a corresponding signaling model. The model generates three main empirical predictions: (1) The incidence of eponymy will be low; (2) Eponymous firms will outperform other firms; (3) These e↵ects will be intensified when the entrepreneur’s name is rare. Using unique data on over 485,000 firms from Europe and the United States, we find support for all of these predictions. Several extensions and robustness checks are considered.
منابع مشابه
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متن کاملOnline Appendix for “Eponymous Entrepreneurs”
This appendix has three parts. §A contains formal analysis and proofs for the model. Additional results are also derived. §B describes our methodology for identifying eponymous firms, and shows our results are robust to alternative methods. §C contains additional empirical results and robustness checks. §A Formal Analysis of the Model Preliminaries We note three properties of the sender's expec...
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