The DOI matches its Crossref record; 36 of the 36 references it cites were found in a registry or an index.
Do Better-Connected CEOs Innovate More?
Open accessAbstract
We present evidence suggesting that chief executive officer (CEO) connections facilitate investments in corporate innovation. We find that firms with better-connected CEOs invest more in research and development and receive more and higher quality patents. Further tests suggest that this effect stems from two characteristics of personal networks that alleviate CEO risk aversion in investment decisions. First, personal connections increase the CEO’s access to relevant network information, which encourages innovation by helping to identify, evaluate, and exploit innovative ideas. Second, personal connections provide the CEO with labor market insurance that facilitates investments in risky innovation by mitigating the career concerns inherent in such investments.
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Cites
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Cited by
CEO hometown identity and firm green innovation
Ren, S., Wang, Y., Hu, Y., & Yan, J. (2021) · Business Strategy and the Environment · doi:10.1002/bse.2652 · Cited by 303
Finance and Corporate Innovation: A Survey
He, J. (., & Tian, X. (2018) · Asia-Pacific Journal of Financial Studies · doi:10.1111/ajfs.12208 · Cited by 282
Metadata
- Authors
- Faleye, O., Kovacs, T., & Venkateswaran, A.
- Venue
- Journal of Financial and Quantitative Analysis
- Publisher
- Cambridge University Press (CUP)
- Published
- 2014-12
- Volume
- 49
- Issue
- 5-6
- Pages
- 1201-1225
- ISSN
- 0022-1090 (ISSN-L)
- 1756-6916
- OpenAlex
- W3123798035
- Cited by
- 417
- References
- 36
- FWCI
- 8.01
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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