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- W2166810590 abstract "This paper examines how CEO turnover and CEO-related factors influence innovation in the sample period 1993-2005. We find that CEO turnover is associated with significantly greater quantity and quality of future innovation, measured with the number of patents, citations, patents per research and development dollar, and citations per patent in the subsequent threeyear and five-year periods. New internal CEOs are associated with more and better innovation than new external CEOs. We also find that innovation quantity and quality are positively associated with CEO overconfidence, option compensation, and information asymmetries. These empirical results remain robust to controlling for potential endogeneity issues and confirm the critical role of CEOs in innovation performance." @default.
- W2166810590 created "2016-06-24" @default.
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- W2166810590 date "2011-01-01" @default.
- W2166810590 modified "2023-10-01" @default.
- W2166810590 title "New Dogs New Tricks: CEO Turnover, CEO-Related Factors, and Innovation Performance" @default.
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- W2166810590 doi "https://doi.org/10.2139/ssrn.1684329" @default.
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