EDOL

We use 2SLS approach to estimate the effect (s) of the EDOL in firm's innovation attributes (R&D expenditures, patents and patents citations).

As we can see from model 1, firms in which EDOL is high increase innovative investment, as measured by R&D expenditure.

The use of the manner proxies causes a modest increase in the coefficient of EDOL to nearly 0.28, and the effects become more significant (p < 0.01).

Table 4 displays results from 2SLS of the effect of EDOL on firm innovation.

Estimates on CEO characteristics explore a significant monotone association between the tenure in the CEO position and the EDOL. The coefficient is economically important (0.131-Model 1-) implying that an increase in the CEO's tenure by one year will increase executives' rewards by roughly 14 percent.

The EDOL program at Pepperdine University has been under the direction of Dr.

“It is an honor for our program to be recognized for success in preparing the next generation of leaders,” said Schmieder-Ramirez, academic chair and program director for the EDOL program.

Schmieder-Ramirez, along with EDOL faculty, approach curriculum design strategically to ensure real-world relevancy and student application.

“The EDOL program draws a very diverse group of students who work in a variety of fields spanning education, nonprofit, and corporate,” says Schmieder-Ramirez.