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We show that firms with chief executive officers (CEOs) who gain general managerial skills over their lifetime work experience produce more patents. We address the potential endogenous CEO-firm matching bias using firm-CEO fixed-effects and variation in the enforceability of non-compete...
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ability and innovative output is weaker for older CEOs and managers who stay in the same job for longer, suggesting a … managers more positively, suggesting that equity holders deem better skilled managers more effective at converting innovative …
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We show that firms with chief executive officers (CEOs) who gain general managerial skills over their lifetime work experience produce more patents. We address the potential endogenous CEO-firm matching bias using firm-CEO fixed-effects and variation in the enforceability of non-compete...
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