CEOs’ uncommon names and corporate innovation
I study the relationship between a Chief Executive Officer (CEO)’s uncommon name and corporate innovation. Consistent with the view that individuals with uncommon names prefer being distinctive, I document a significant positive relationship between CEO name uncommonness and corporate innovation qua...
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2022-12-01
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| Series: | Cogent Economics & Finance |
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| Online Access: | https://www.tandfonline.com/doi/10.1080/23322039.2022.2147646 |
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| _version_ | 1849717199953985536 |
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| author | Yuqi Gu |
| author_facet | Yuqi Gu |
| author_sort | Yuqi Gu |
| collection | DOAJ |
| description | I study the relationship between a Chief Executive Officer (CEO)’s uncommon name and corporate innovation. Consistent with the view that individuals with uncommon names prefer being distinctive, I document a significant positive relationship between CEO name uncommonness and corporate innovation quantity but not quality. To mitigate endogeneity concerns, I use the death of the CEO as a plausible exogenous shock and find results are robust in the difference-in-differences setting. I further show that the impact on innovation output is concentrated in the areas that are well-known to the company, of low economic value, and have a low scientific impact. Overall, the findings presented in this paper suggests that the heightened innovation activities by uncommonly named CEO exacerbate the investment distortions. |
| format | Article |
| id | doaj-art-35ffdfd3c0fd42c28d0d00ec5b783a88 |
| institution | DOAJ |
| issn | 2332-2039 |
| language | English |
| publishDate | 2022-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Economics & Finance |
| spelling | doaj-art-35ffdfd3c0fd42c28d0d00ec5b783a882025-08-20T03:12:43ZengTaylor & Francis GroupCogent Economics & Finance2332-20392022-12-0110110.1080/23322039.2022.2147646CEOs’ uncommon names and corporate innovationYuqi Gu0Atkinson Graudate School of Management, Willamette University, Salem, OR, USAI study the relationship between a Chief Executive Officer (CEO)’s uncommon name and corporate innovation. Consistent with the view that individuals with uncommon names prefer being distinctive, I document a significant positive relationship between CEO name uncommonness and corporate innovation quantity but not quality. To mitigate endogeneity concerns, I use the death of the CEO as a plausible exogenous shock and find results are robust in the difference-in-differences setting. I further show that the impact on innovation output is concentrated in the areas that are well-known to the company, of low economic value, and have a low scientific impact. Overall, the findings presented in this paper suggests that the heightened innovation activities by uncommonly named CEO exacerbate the investment distortions.https://www.tandfonline.com/doi/10.1080/23322039.2022.2147646corporate innovationuncommon namesCEOG34M12O31 |
| spellingShingle | Yuqi Gu CEOs’ uncommon names and corporate innovation Cogent Economics & Finance corporate innovation uncommon names CEO G34 M12 O31 |
| title | CEOs’ uncommon names and corporate innovation |
| title_full | CEOs’ uncommon names and corporate innovation |
| title_fullStr | CEOs’ uncommon names and corporate innovation |
| title_full_unstemmed | CEOs’ uncommon names and corporate innovation |
| title_short | CEOs’ uncommon names and corporate innovation |
| title_sort | ceos uncommon names and corporate innovation |
| topic | corporate innovation uncommon names CEO G34 M12 O31 |
| url | https://www.tandfonline.com/doi/10.1080/23322039.2022.2147646 |
| work_keys_str_mv | AT yuqigu ceosuncommonnamesandcorporateinnovation |