Joel Shulman

Professor

Academic Division: Entrepreneurship
781-239-4446

Bio

Dr. Shulman is also a Chartered Financial Analyst, with a Certified Management Accountant and Certified Cash Manager designations. He previously ran the Shulman CFA Review Program which provided training for over 12,000 investment professionals throughout the world. He is author or coauthor of numerous academic articles and books and has consulted for many small entrepreneurial firms and large corporations. He was previously a consultant for the World Bank, assisting with the development of capital markets in Central Asia and republics of the former Soviet Union.​ He is the founder of EntrepreneurShares that manages professional funds (entrepreneurial firms in publicly traded equities) in mutual funds, ETF, hedge fund, and separately managed account (SMA) structures.

Academic Degrees

  • MPA, Harvard University
  • Ph D, Michigan State University
  • MBA, Michigan State University
  • BA, Michigan State University

Academic Interests

Entrepreneurship, finance, public equities, global capital markets

Awards & Honors

  • 2017 - Closing Bell on New York Stock Exchange , NYSE

Courses

Degree Courses 2016-2017

  • EPS 7518: BOS GREAT ENTREPRENEURIAL WEALTH

Degree Courses 2015-2016

  • MFE 7500: MGMT CONSULTING FIELD EXPERIENCE

Publications

Journal Articles

  • Shulman, J. (2017). Leadership Matters: Crafting a Smart Beta Portfolio with a Founder-CEO Twist. Journal of Index Investing, The, 8(3), pp. 51-73. link
  • Shulman, J. (2015). The Ephemeral Life of an Emerging Fund Manager. Journal of Investing, The, 24(4), 102-115.
  • Shulman, J., Stone, S. (2014). Large Cap Entrepreneurial Companies: Can Investors Generate Alpha. Journal of International Finance Studies, 12(3), 6. link
  • Shulman, J.M., Cox, R.A. (2012). Emerging Market Entrepreneur Stock Performance. Journal of International Finance Studies, 12(1), 29-36. link
  • Shulman, J.M. (2012). Entrepreneurs with Benefits: Stock Appreciation Plus High Dividend Yields. Journal of Academy of Business and Economics, 12(4), 144-149. link
  • Shulman, J.M., Cox, R.A. (2012). The Investment Returns of International Entrepreneurs. Journal of International Management Studies, 12(3), 100-107. link
  • Shulman, J.M., Noyes, E.A. (2012). The Rich Get Richer and So Can You: Investing in a Billionaires’ Index. Journal of Index Investing, The, 2(4), 12-32. link
  • Shulman, J.M., George, B.A. (2012). Growing Jobs and Getting Returns: Impact Investing Through Entrepreneurs. Journal of Global Business Management, 8(1), 123-132. link
  • Shulman, J.M. (2011). Are Entrepreneur-Led Companies Better? Evidence from Publicly Traded US Companies: 1998-2010 Journal of Risk and Financial Management, 3, 118-138.
  • Shulman, J.M. (2010). A New Investment Style Featuring an Index of Entrepreneurial Companies. Journal of Index Investing, 1(2), 107-115.
  • Shulman, J.M., Cox, R.A. (2010). Founding Family Controlled Firms' Equity performance: the Information Technology Industry 1994-2008. The Journal of International Business Research, 10(5), 134-140.
  • Zahra, S.A., Gedajlovic, E., Neubaum, D.O., Shulman, J.M. (2009). A typology of social entrepreneurs: Motives, search processes and ethical challenges. Journal of Business Venturing, 24(5), 519-532.
  • Shulman, J.M. (2009). Investing in Troubled Times: Entrepreneurs are Your Safest Bet. The Investment Professional, 2(4), 68-77.
  • Cox, R.A., Shulman, J.M. (2009). The Performance of Founder-Controlled Publicly Traded Real Estate Companies in Bull and Bear Markets. Indian Journal of Economics and Business, 8, 1-7.
  • Cox, R., Shulman, J.M. (2008). The Stock Performance of Founder-CEO Firms. Indian Journal of Economics and Business, 7, 143-151.

Articles

  • Shulman, J.M. (2016, July) Asleep at the Switch? Ailing Billionaire Creates Massive Opportunity for Insiders.. NYC, NY: Forbes

Book Chapters

  • Shulman, J.M. (2009). Debt and Other Sources of Financing. In William D. Bygrave and Andrew Zacharakis (Ed.), The Portable MBA in Entrepreneurship. Hoboken, NJ: Wiley

Conference Proceedings

  • Shulman, J.M., Cox, R.A., Stallkamp, T.T. (2009). Organic Versus Acquired Growth: A Research Note. Business Research Yearbook,
  • Cox, R.A., Shulman, J.M. (2009). Stock Performance of Entrepreneurial Companies. Academy of Business Administration Readings Book,

Others

  • Shulman, J. (2017). Entrepreneur 30 Index. Boston Ma: Thompson Reuters
  • Shulman, J.M. (in press). Founder CEO Index. NYC, NY: Thomson Reuters/Bloomberg link
  • Shulman, J.M. (in press). Asleep at the Switch? Ailing Billionaire Creates Massive Opportunity for Insiders. NYC, NY: Forbes
  • Shulman, J.M. (2010). EntrepreneurShares Global Fund

Presentations

  • Entrepreneurship in Fin Rech
    Shulman, J. Entrepreneurship in Fin Rech Babson Connect NYC 2018, Princeton Club (2018)
  • Entrepreneur as a New Investment Factor
    Shulman, J. Entrepreneur as a New Investment Factor EntrepreneurShares Entrepreneur 30 ETF Launch, NYSE, NY, NY (2017)
  • Founder-CEO Index Shark Tank
    Shulman, J. Founder-CEO Index Shark Tank ETF Boot Camp, NYC, NY (2016)
  • Large Cap Entrepreneurial Companies: Can Investors Generate Alpha
    Shulman, J., Stone, S. Large Cap Entrepreneurial Companies: Can Investors Generate Alpha International Academy of Business and Economics Fall Conference 2014, Las Vegas, NV (2014)
  • Entrepreneurs with Benefits: Stock Appreciation Plus High Dividend Yields
    Shulman, J. Entrepreneurs with Benefits: Stock Appreciation Plus High Dividend Yields International Academy of Business and Economics Fall Conference 2014, Las Vegas, NV (2012)
  • The Investment Returns of International Entrepreneurs
    Shulman, J., Cox, R. The Investment Returns of International Entrepreneurs International Academy of Business and Economics Fall Conference 2014, Las Vegas, NV (2012)
  • The Investment Returns of International Entrepreneurs
    Shulman, J., Cox, R. The Investment Returns of International Entrepreneurs International Academy of Business Disciplines Meeting, Long Beach, CA (2012)
  • Growing Jobs and getting Returns: Impact Investing through Entrepreneurs
    Shulman, J., George, B. Growing Jobs and getting Returns: Impact Investing through Entrepreneurs Global Business & International Management Winter Conference, Orlando, FL (2012)
  • Emerging Market Entrepreneur Stock Performance
    Shulman, J. Emerging Market Entrepreneur Stock Performance International Academy of Business and Economics, Las Vegas, NV (2011)
  • Are Canadian Entrepreneur-Led Companies Better?
    Shulman, J., Cox, R. Are Canadian Entrepreneur-Led Companies Better? International Academy of Business Economics, Barcelona, Spain (2011)
  • Entrepreneurs: Agents of Change in South and South east asia
    Shulman, J. Entrepreneurs: Agents of Change in South and South east asia Harvard Project for Asian and International Relations (HPAIR), Cambridge, MA (2011)
  • Dedication of Samih Darwazah Center of Entrepreneurship
    Shulman, J. Dedication of Samih Darwazah Center of Entrepreneurship , American University of Beirut (2011)
  • Opportunities and Challeneges of Entrepreneurial Growth
    Shulman, J. Opportunities and Challeneges of Entrepreneurial Growth 8th Innovation and Entrepreneurship Conference, Bogazici University, Istanbul (2010)
  • Founding Family Controlled Firms' Equity Performance: The Information Technology Industry 1994-2008
    Shulman, J. Founding Family Controlled Firms' Equity Performance: The Information Technology Industry 1994-2008 International Academy of Business and Economics, Las Vegas, NV (2010)
  • Do Real Estate Investment Trust Founders Perform Better?
    Shulman, J. Do Real Estate Investment Trust Founders Perform Better? IABE-2010 Bangkok Summer Conference, Bangkok, Thailand (2010)
  • Closing the Early Stage Funding Gap—US and Russian Perspectives
    Shulman, J. Closing the Early Stage Funding Gap—US and Russian Perspectives US-Russia Technology Conference: Business Opportunities, Boston, MA (2009)
  • Investing in Troubled Times: Bet on Entrepreneurs
    Shulman, J. Investing in Troubled Times: Bet on Entrepreneurs , Chicago, IL (2009)
  • Organic versus Acquired Growth; A Research Note
    Shulman, J., Cox, R., Stallkamp, T. Organic versus Acquired Growth; A Research Note International Academy of Business Disciplines Meeting, St. Louis, MO (2009)
  • The Performance of Founder-Controlled Publicly Traded Real Estate Companies in Bull and Bear Markets
    Cox, R., Shulman, J. The Performance of Founder-Controlled Publicly Traded Real Estate Companies in Bull and Bear Markets Applied Business and Entrepreneurial Association International Meeting, Kauai, Hawaii (2008)
  • Organic versus Acquired Growth: A Research Note
    Cox, R., Ceru, D., Shulman, J., Stallkamp, T. Organic versus Acquired Growth: A Research Note Academy of Entrepreneurship Finance Meeting, Las Vegas, Nevada (2008)
  • Do Real Estate Founders Perform Better? Evidence From the Public Markets
    Cox, R., Shulman, J. Do Real Estate Founders Perform Better? Evidence From the Public Markets American Real Estate Society Meeting, Captiva Island, Florida (2008)
  • The Strategic Entrepreneurial Growth Model
    Cox, R., Shulman, J. The Strategic Entrepreneurial Growth Model International Academy of Business Discipline Meeting, Houston, Texas (2008)
  • The Stock Performance of Founder-CEO Firms
    Cox, R., Shulman, J. The Stock Performance of Founder-CEO Firms Applied Business and Entrepreneurship Association International Meeting, Maui, Hawaii (2007)
  • Stock Performance of Entrepreneurial Companies
    Cox, R., Shulman, J. Stock Performance of Entrepreneurial Companies Academy of Business Administration International Conference, Florence, Italy (2007)
  • Social Entrepreneurship: Domain, Contributions and Ethical Dilemmas
    Gedajlovic, E., Neubaum, D., Shulman, J., Zahra, S. Social Entrepreneurship: Domain, Contributions and Ethical Dilemmas Journal of Business Venturing Conference on Ethics and Entrepreneurship, University of Minnesota (2006)
  • Mining Gold in Founder-Based Publicly-Held Firms
    Shulman, J., Stallkamp, T. Mining Gold in Founder-Based Publicly-Held Firms Babson Kauffman Entrepreneurship Research Conference, Babson College (2005)
  • Return on Nothing
    Stallkamp, T., Shulman, J. Return on Nothing Babson Kauffman Entrepreneurship Research Conference, Glasgow, Scotland (2004)
  • Getting Bigger by Growing Smaller
    Shulman, J. Getting Bigger by Growing Smaller , Caracus, Venezuela (2004)

  • Rangan, U., Shulman, J. Price-Babson Entrepreneurship Conference, Babson Park, MA (2000)

  • Rangan, U., Shulman, J., Streeter, F. Price-Babson Entrepreneurship Conference, Charleston, South Carolina (1999)
  • Growing Bigger by Getting Smaller: The use of Strategic Entrepreneurial Units in Large Firms
    Rangan, U., Shulman, J., Streeter, F. Growing Bigger by Getting Smaller: The use of Strategic Entrepreneurial Units in Large Firms Price-Babson Entrepreneurship Conference, Ghent, Belgium (1998)