Are Founder CEO s Effective Innovators?
This paper investigates the effectiveness of founder CEO s on firm innovation. We examine our research question using the number of patent citations as a proxy for firm innovation and a novel dataset of founder CEO s in S&P 1,500 firms over a 15‐year period from 1994 to 2008. Our main results sh...
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| Veröffentlicht in: | Asia-Pacific journal of financial studies 2018-06, Vol.47 (3), p.426-448 |
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| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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| Zusammenfassung: | This paper investigates the effectiveness of founder
CEO
s on firm innovation. We examine our research question using the number of patent citations as a proxy for firm innovation and a novel dataset of founder
CEO
s in S&P 1,500 firms over a 15‐year period from 1994 to 2008. Our main results show that a founder
CEO
is associated with an increase in citations, suggesting that founder
CEO
s are more effective in stimulating innovation compared to professional
CEO
s. Overall, these findings support the argument that a founder
CEO
plays an important role in facilitating firm innovation through more risk‐taking. |
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| ISSN: | 2041-9945 2041-6156 |
| DOI: | 10.1111/ajfs.12217 |