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Adventurous CEOs make great innovators
Published: 28 February 2017
According to a study performed in part by Desautels Assistant Professor of Accounting , when it comes to chasing innovation, companies with risk-loving CEOs tend to pursue more original projects and 鈥済enerate more patents with greater market impact than their peers.鈥� This is because thrill-seeking personalities tend to be more open to new ideas, which translates well into the business space.
The study looked at 88 CEOs who like to fly small aircraft, and compared them to 1,123 CEOs who don鈥檛 fly, over the course of 10 years. The upshot? Pilot CEOs equalled a 66.7% increase in patents.
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