Author(s)

Jinhui Dong

Corresponding Author

Jinhui Dong

ABSTRACT

In recent years, technology Internet companies have risen rapidly. This industry has also spawned a large number of unicorns. In practice, we can find that the CEOs of these unicorn companies are almost all founders rather than professional managers. The study found that the founder CEO can bring higher market performance and accounting performance to the company, we call it the ‘founder effect’. Particularly, the ‘founder effect’ of companies in nontraditional industries is more obvious.

KEYWORDS

Founder CEO Account performance Market performance