Does anyone have any articles or studies that discusses the root cause of creating value with particular reference between investment vs. entrepreneur?

For and against the hard working bright MBA entrepreneurs (searchers) OR the funding to enable and make it happen at the point of investment (investors).
Can we assume that the search fund model fairly represents the risk/return of the above conundrum. As the metrics are likely to increase to the entrepreneurs and favour the more experienced or relevant the investment is to that CEO with proven experience as CEO/ expert in that field.