influence of the Full-Range Leadership over Shareholders' returns

In today context, market competition is intense. Indeed, firms have to innovate constantly to survive. However, innovation usually involves high cost coupled to many uncertainty and risk. Accordingly, innovation often turns out to be a challenge to fund through traditional loans. Hence, firms rely on shareholders for funding it. Whether, shareholders are highly solicited and stock market conditions coupled to market uncertainty could make them reluctant to invest. Indeed, shareholders' will to fund is mainly based on firms governance quality and firms profitability. Over last decade, a great number of studies emphasized that Leadership, especially the Full-Range Leadership, influenced firm performance. Thus, a few -if any- of them quantified the relation between Leadership and firm profitability. The featured piece of research, while quantifying the latter relation, quantified the impact of Leadership over shareholders returns, in the context of public-listed French ICT firms. Such decision relies on the fact that the Information & Communication Technologies (ICT) sector is one of the more concerned with high innovation cost, high risk, uncertainty and stock market pressure.