CEO Career Variety: Effects on Firm-Level Strategic and Social Novelty
研究CEO职业多样性（即上任前积累的不同职业和机构经历）如何影响企业战略新颖性（战略动态性和独特性）和社会新颖性（高管团队更替和异质性），基于财富250强CEO的纵向数据。
We introduce the concept of “CEO career variety”—defined as the array of distinct professional and institutional experiences an executive has had prior to becoming CEO. Using a longitudinal sample of Fortune 250 CEOs, we hypothesize, and find strong evidence for the assertion, that CEO career variety is positively associated with firm-level strategic novelty—manifested in strategic dynamism (period-on-period change) and strategic distinctiveness (deviance from industry central tendencies). We also find mixed evidence that CEO career variety is positively associated with social novelty—manifested in top management team turnover and heterogeneity.