Academic CEOs and corporate innovation
研究发现，有学术背景的CEO能显著提升企业创新，表现为更多专利和更高引用，且这种效应在创新密集型行业更明显，主要通过学术网络和政府资助实现。
Abstract In this article, we examine the impact of academic CEOs (i.e., CEOs with academic experience) on corporate innovation. We find that firms managed by academic CEOs have strong aspirations for innovation and generate more patents with higher citations. We employ exogenous CEO turnover to alleviate endogeneity concerns. In addition, whereas corporate innovation gradually increases following the entry of new academic CEOs, there is a clear decrease in innovation output after the departure of academic CEOs. This net effect concentrates in innovation‐intensive industries. Moreover, academic CEOs enhance innovation by leveraging their network with academic community and ability to secure government funding.