Plausibly Exogenous [1216] - Corporate Bonding (06/01/2023)

LHS Variable
Corporate innovation activities

RHS Variable
Social connections between divisional managers and CEO

Source of Exogenous Variation
Variation in connections caused by CEO non-performance related retirements

- Jandik and Salikhova (2021), “Social Connections and Innovation in Diversified Conglomerates”