Do Better-Connected CEOs Innovate More?

Ramadan fasting: Do we need more evidence?

Over a billion of Muslims fast worldwide during Ramadan each year. Through this religious custom, fasting contributes to their health as well as their spiritual growth. However, available evidence regarding the health-benefits of Ramadan fasting is scarce and highly contentious. Although Islam exempts patients from fasting, many fast conceivably, and their clinical condition is prone to deterio...

How Do Young Innovative Companies Innovate?

This paper discusses the determinants of product innovation in young innovative companies (YICs) by looking at in-house and external R&D and at the acquisition of external technology in embodied and disembodied components. These inputoutput relationships are tested on a sample of innovative Italian firms. A sampleselection approach is applied. Results show that in-house R&D is linked to the pro...

Are CEOs With a Ph.D. More Innovative?*

Prior empirical work finds no systematic relation between CEO education and firm performance, which leads to a puzzle as to why firms hire managers with higher educational attainment. This study investigates the link between corporate innovation and managerial talent, indicated by the highest degree achievable, a Ph.D. I find that firms managed by CEOs with Ph.D. degrees (Ph.D. CEOs) produce mo...

What do CEOs Realize from Option Pay

We compare the proceeds that CEOs realize from exercising stock options with the total nominal value (estimated fair value) of option pay that they receive during their tenures. For a sample of CEOs who completed their tenures during the period from 1992 to 2007, we find that the amount realized from exercising options is about 68% of the nominal value of options received and that realized tota...

Do more BPH patients mean more urologists or just better management strategies?