Transcription of 09-028 performance persistence
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performance persistence in Entrepreneurship Paul A. Gompers Anna Kovner Josh Lerner David S. Scharfstein Working Paper 09-028 . Copyright 2008 by Paul A. Gompers, Anna Kovner, Josh Lerner, and David S. Scharfstein Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. performance persistence in Entrepreneurship Paul Gompers, Anna Kovner, Josh Lerner, and David Scharfstein*.
1. Introduction In this paper, we address two basic questions: Is there performance persistence in entrepreneurship? And, if so, why? Our answer to the first question is yes: all else equal,
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