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In this paper, transmission performances of directly modulated laser (DML), electro-absorption modulated laser (EML) and Mach-Zehnder modulator (MZM) are experimentally compared in dispersion-unmanaged high-speed transmission systems with digital signal processing (DSP). We show that, although the DML based transmitter is often believed to be less favorable in C-band high-speed transmissions, it exhibits superior performance over the other two transmitters when either linear or nonlinear digital signal processing is adopted. By theoretical and experimental analysis, we reveal that the superiority of DML can be attributed to the compensation of fiber power fading by its inherent adiabatic chirp as well as the mitigation of chirp induced distortions by the linear or nonlinear equalization. Experimental results of 56Gb/s 4-level pulse amplitude modulation (PAM4) signals under various equalization schemes …