Open AccessFinancial Performance Of Wide-Moat Companies
Author(s) -
David P. Boyd
Publication year - 2011
Publication title -
journal of business and economics research
Language(s) - English
Resource type - Journals
eISSN - 2157-8893
pISSN - 1542-4448
DOI - 10.19030/jber.v3i3.2756
Subject(s) - span (engineering) , style (visual arts) , shareholder , finance , economics , management , business , art , engineering , literature , structural engineering , corporate governance
Morningstar has identified 85 companies with wide economic moats. According to Morningstar these firms enjoy structural advantages that create shareholder value. This paper confirms the historical outperformance of these companies.