Francis, Bill B.; Hasan, Iftekhar; Yilmaz, Gokhan - In: Empirical research in banking and corporate finance, (pp. 29-74). 2022
This chapter investigates whether core competence of managers and their expansive (vs. specialized) managerial style affects firms' innovative ability, capacity, and efficiency. Using exogenous CEO departures as a natural experiment, it establishes a causal link between managerial capability and...