| Abstract | The number of public benefit corporations has been rapidly expanding across the United States. Since the first organization's inception as a PBC in 2010, over 4000 companies have incorporated as or switched to public benefit corporation status. While there is a significant amount of literature examining the structure and legislation of these organizations, there has been little research evaluating the financial prospects of these firms. This thesis seeks to investigate the profitability of these firms and the implications for investors. An evaluation is done through an analysis of 20 public benefit corporations by calculating monthly returns based on data from funding rounds and comparing these to returns from different indices. Ultimately, the thesis highlights the financial success of these twenty benefit corporations and the implications this data has for their investors, consumers, and other corporations. |
