Abstract
In this study, we find robust evidence that firms with prosocial CEOs invent more. Using exogenous CEO turnovers to establish causality, we find a significant increase in the number of patents, citations per patent, and patent value when a non-prosocial CEO is replaced by a prosocial CEO. We further show that prosocial CEOs spark innovation by attracting inventors to join. Finally, we find that the impact of prosocial CEOs on innovation is more pronounced in more innovative and less eco-friendly industries.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Published version (
Free)
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
