Table 1 Descriptive statistics N Mean...

Table 1

Descriptive statistics

	N	Mean	STD	p5	p50	p95
CEO characteristics
Total frontier experience (TFE)	10,336	0.85	1.14	0	0.50	3.30
CEO age	10,336	58	8	45	57	71
CEO tenure	10,336	8	8	0	6	25
CEO education	10,336	1.2	1.1	0	1	3
Ivy league degree	10,336	0.215	0.411	0	0	1
CEO overconfidence	10,336	0.243	0.429	0	0	1
CEO compensation (TDC1)	10,273	7,161	12,569	526	4,017	22,238
Delta	9,690	1,978	16,232	16	335	4,909
Vega	9,663	218	433	0	76	886
Founder CEO	4,816	0.142	0.349	0	0	1
General ability index (GAI)	6,272	0.254	1.066	−1.268	0.111	2.203
Hofstede individualism	7,921	76.8	13.7	54	80	89
Hofstede uncertainty avoidance	6,901	50.4	19.5	35	35	86
CEO network	6,071	1,915	1,736	121	1,406	5,684
Inventor CEO	10,336	0.057	0.232	0	0	1
Patent variables
Number of patents, t+1	10,336	64.4	287	0	0	309
Number of patents, t+2	10,336	65.4	296	0	0	311
Number of patents, t+3	10,336	65.3	301	0	0	310
Number of adjusted citations, t+1	10,336	68.8	295	0	0	315
Number of adjusted citations, t+2	10,336	69.3	298	0	0	321
Number of adjusted citations, t+3	10,336	68.5	298	0	0	321
Real market value of patents, t+2	10,336	1,124	3,607	0	0	6,845
Nominal market value of patents, t+2	10,336	2,352	7,518	0	0	14,379
Top 10% patents, t+2	10,336	8.7	39.6	0	0	41
Top 5% patents, t+2	10,336	4.1	17.6	0	0	20
Top 1% patents, t+2	10,336	0.9	4.0	0	0	4
Management team quality
Team size	5,941	9.149	3.021	5	9	14
Team MBA	5,941	0.344	0.192	0	0.333	0.667
Team PhD	5,941	0.035	0.066	0	0	0.167
Team network size	5,939	2,165	1,339	488	1,891	4,597
Team experience	5,941	0.557	0.275	0	0.600	1
Team tenure	5,941	5.019	2.553	1	4.833	9.455
Firm characteristics
Total assets	10,336	29,234	134,246	221	4,301	99,714
R&D expenditures	10,336	0.033	0.069	0	0	0.178
Capital expenditures	10,336	0.052	0.046	0.002	0.041	0.142
Firm age	10,336	24.9	10.9	7	26	42
Employees	10,336	35.87	80.58	0.666	11.52	146
Tobin’s Q	10,258	1.640	2.421	0.381	1.150	4.228
Profitability	10,189	0.137	0.089	0.016	0.133	0.288
Overall firm rating	2,224	3.356	0.623	2.200	3.400	4.243
CEO approval rating	2,188	0.354	0.410	−0.400	0.399	1
Work-life-balance rating	2,224	3.300	0.656	2.220	3.313	4.333
Compensation and benefits rating	2,224	3.217	0.581	2.360	3.200	4.125
Career opportunity rating	2,224	2.980	0.593	2	3	4
Number of evaluations	2,224	113	264	1	24	495
Total tech job positions	481	0.902	4.402	0	0	3
Employment quality monitoring score	3,371	0.451	0.183	0.328	0.423	0.995
Stock return volatility, t+1	9,980	0.021	0.014	0.008	0.018	0.046
Idiosyncratic volatility, t+1	9,980	0.020	0.013	0.008	0.017	0.042
Number of effective acquisitions, t+1	10,336	0.683	1.707	0	0	4
Number of announced acquisitions, t+1	10,336	0.948	2.064	0	0	4
Inventor variables
Net inflow of top 10% inventors, t+2	10,336	0.174	0.459	0	0	1.253
Net inflow of top 5% inventors, t+2	10,336	0.140	0.425	0	0	1.099
Net inflow of top 10% inventors, t+1	10,336	0.173	0.453	0	0	1.235
Net inflow of top 5% inventors, t+1	10,336	0.139	0.421	0	0	1.099

	N	Mean	STD	p5	p50	p95
CEO characteristics
Total frontier experience (TFE)	10,336	0.85	1.14	0	0.50	3.30
CEO age	10,336	58	8	45	57	71
CEO tenure	10,336	8	8	0	6	25
CEO education	10,336	1.2	1.1	0	1	3
Ivy league degree	10,336	0.215	0.411	0	0	1
CEO overconfidence	10,336	0.243	0.429	0	0	1
CEO compensation (TDC1)	10,273	7,161	12,569	526	4,017	22,238
Delta	9,690	1,978	16,232	16	335	4,909
Vega	9,663	218	433	0	76	886
Founder CEO	4,816	0.142	0.349	0	0	1
General ability index (GAI)	6,272	0.254	1.066	−1.268	0.111	2.203
Hofstede individualism	7,921	76.8	13.7	54	80	89
Hofstede uncertainty avoidance	6,901	50.4	19.5	35	35	86
CEO network	6,071	1,915	1,736	121	1,406	5,684
Inventor CEO	10,336	0.057	0.232	0	0	1
Patent variables
Number of patents, t+1	10,336	64.4	287	0	0	309
Number of patents, t+2	10,336	65.4	296	0	0	311
Number of patents, t+3	10,336	65.3	301	0	0	310
Number of adjusted citations, t+1	10,336	68.8	295	0	0	315
Number of adjusted citations, t+2	10,336	69.3	298	0	0	321
Number of adjusted citations, t+3	10,336	68.5	298	0	0	321
Real market value of patents, t+2	10,336	1,124	3,607	0	0	6,845
Nominal market value of patents, t+2	10,336	2,352	7,518	0	0	14,379
Top 10% patents, t+2	10,336	8.7	39.6	0	0	41
Top 5% patents, t+2	10,336	4.1	17.6	0	0	20
Top 1% patents, t+2	10,336	0.9	4.0	0	0	4
Management team quality
Team size	5,941	9.149	3.021	5	9	14
Team MBA	5,941	0.344	0.192	0	0.333	0.667
Team PhD	5,941	0.035	0.066	0	0	0.167
Team network size	5,939	2,165	1,339	488	1,891	4,597
Team experience	5,941	0.557	0.275	0	0.600	1
Team tenure	5,941	5.019	2.553	1	4.833	9.455
Firm characteristics
Total assets	10,336	29,234	134,246	221	4,301	99,714
R&D expenditures	10,336	0.033	0.069	0	0	0.178
Capital expenditures	10,336	0.052	0.046	0.002	0.041	0.142
Firm age	10,336	24.9	10.9	7	26	42
Employees	10,336	35.87	80.58	0.666	11.52	146
Tobin’s Q	10,258	1.640	2.421	0.381	1.150	4.228
Profitability	10,189	0.137	0.089	0.016	0.133	0.288
Overall firm rating	2,224	3.356	0.623	2.200	3.400	4.243
CEO approval rating	2,188	0.354	0.410	−0.400	0.399	1
Work-life-balance rating	2,224	3.300	0.656	2.220	3.313	4.333
Compensation and benefits rating	2,224	3.217	0.581	2.360	3.200	4.125
Career opportunity rating	2,224	2.980	0.593	2	3	4
Number of evaluations	2,224	113	264	1	24	495
Total tech job positions	481	0.902	4.402	0	0	3
Employment quality monitoring score	3,371	0.451	0.183	0.328	0.423	0.995
Stock return volatility, t+1	9,980	0.021	0.014	0.008	0.018	0.046
Idiosyncratic volatility, t+1	9,980	0.020	0.013	0.008	0.017	0.042
Number of effective acquisitions, t+1	10,336	0.683	1.707	0	0	4
Number of announced acquisitions, t+1	10,336	0.948	2.064	0	0	4
Inventor variables
Net inflow of top 10% inventors, t+2	10,336	0.174	0.459	0	0	1.253
Net inflow of top 5% inventors, t+2	10,336	0.140	0.425	0	0	1.099
Net inflow of top 10% inventors, t+1	10,336	0.173	0.453	0	0	1.235
Net inflow of top 5% inventors, t+1	10,336	0.139	0.421	0	0	1.099

Note(s): This table reports summary statistics for CEO characteristics, patent variables, management team quality, firm characteristics and inventor variables used in the sample

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