Dr Claudia Custodio, Associate Professor within the Department of Finance, highlights the importance of general human capital and managerial skills in a modern knowledge-based economy.
Innovation is a driving force in today’s economy, but investing in new technologies, products, and services is risky. Top firm managers typically make the decisions on research and development (R&D) budgets and the prioritisation of research projects. Could a CEO’s skill set therefore be an important determinant of innovation? And if so, which skills are most valuable in producing innovation?