McConaughy, Daniel L <br/><br/>
Loyola University Chicago Family Firm Stock Index 
McConaughy, Daniel L. 
 -  1996 
 - 125 - 137 
<br/><br/> The Loyola University Chicago Family Firm Stock Index (LUCFFSI) tracks the performance of publicly traded, family controlled firms headquartered in the Chicago area. Family controlled firms have governance structures that are expected to result in improved performance compared to non-family controlled firms. The  LUCFFSI, over the period from September 28, 1990, to July 28, 1995, outperformed local and national indices. We discuss the design of this price-weighted index. Statistical testing (detailed in a technical appendix) and existing price-weighted indices such as Crain's Chicago Stock Index and the Dow Jones Industrial Average, suggest that the price-weighted design is preferable to a market value (cap)-weighted design. We suggest that a continually updated price-weighted Loyola University Chicago Family Firm Stock Index can serve as a significant performance benchmark.