Imperial College London
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Dr Claudia Custodio

Business School

Associate Professor of Finance
 
 
 
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Contact

 

+44 (0)20 7594 9249c.custodio Website CV

 
 
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Location

 

4.0953 Prince's GateSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Perdigao:2019:10.1287/mnsc.2017.2828,
author = {Perdigao, Dias Custodio C and Ferreira, M and Matos, P},
doi = {10.1287/mnsc.2017.2828},
journal = {Management Science},
pages = {459--476},
title = {Do general managerial skills spur innovation?},
url = {http://dx.doi.org/10.1287/mnsc.2017.2828},
volume = {65},
year = {2019}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - We show that firms with chief executive officers (CEOs) who gain general managerial skills over their lifetime of work experience produce more patents. We address the potential endogenous CEO–firm matching bias using firm–CEO fixed effects and variation in the enforceability of noncompete agreements across states and over time during the CEO’s career. Our findings suggest that generalist CEOs spur innovation because they acquire knowledge beyond the firm’s current technological domain, and they have skills that can be applied elsewhere should innovation projects fail. We conclude that an efficient labor market for executives can promote innovation by providing a mechanism of tolerance for failure.
AU  - Perdigao,Dias Custodio C
AU  - Ferreira,M
AU  - Matos,P
DO  - 10.1287/mnsc.2017.2828
EP  - 476
PY  - 2019///
SN  - 1526-5501
SP  - 459
TI  - Do general managerial skills spur innovation?
T2  - Management Science
UR  - http://dx.doi.org/10.1287/mnsc.2017.2828
UR  - http://hdl.handle.net/10044/1/46254
VL  - 65
ER  -
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