Dursteler, Collin; Gomez Cram, Roberto; Lawrence, Alastair - 2022
Software companies have steadily become key pillars of the digital economy, representing upwards of 12 percent of U ….S. market capitalization. A simple buy-and-hold strategy of pure-play software companies over the past three decades produced … largely explain the foregoing outperformance of software companies and that management, analysts, short sellers, and other …