The DOI matches its Crossref record; 40 of the 40 references it cites were found in a registry or an index.
Executive Networks and Firm Policies: Evidence from the Random Assignment of MBA Peers
Abstract
Using the historical random assignment of MBA students to sections at Harvard Business School (HBS), I explore how executive peer networks can affect managerial decision making. Within an HBS class, firm outcomes are significantly more similar among graduates from the same section than among graduates from different sections, with the strongest effects in executive compensation and acquisitions strategy. I demonstrate the role of ongoing social interactions by showing that peer effects are more than twice as strong in the year following staggered alumni reunions. Supplementary tests suggest that peer influence can operate in ways that do not contribute to firm productivity. The Author 2013. Published by Oxford University Press on behalf of The Society for Financial Studies. All rights reserved. For Permissions, please e-mail: journals.permissions@oup.com., Oxford University Press.
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Cites
Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches
Petersen, M. A. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn053 · Cited by 10,746
A Simple Model of Herd Behavior
Banerjee, A. V. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118364 · Cited by 6,556
Identification of Endogenous Social Effects: The Reflection Problem
Manski, C. F. (1993) · The Review of Economic Studies · doi:10.2307/2298123 · Cited by 6,209
Managing with Style: The Effect of Managers on Firm Policies
Bertrand, M., & Schoar, A. (2003) · The Quarterly Journal of Economics · doi:10.1162/003355303322552775 · Cited by 3,894
Robust Inference With Multiway Clustering
Cameron, A. C., Gelbach, J. B., & Miller, D. L. (2011) · Journal of Business & Economic Statistics · doi:10.1198/jbes.2010.07136 · Cited by 3,203
On the Interpretation of χ 2 from Contingency Tables, and the Calculation of P
Fisher, R. A. (1922) · Journal of the Royal Statistical Society · doi:10.2307/2340521 · Cited by 2,953
Who makes acquisitions? CEO overconfidence and the market's reaction☆
MALMENDIER, U., & TATE, G. (2008) · Journal of Financial Economics · doi:10.1016/j.jfineco.2007.07.002 · Cited by 2,754
Stock market driven acquisitions
Shleifer, A., & Vishny, R. W. (2003) · Journal of Financial Economics · doi:10.1016/s0304-405x(03)00211-3 · Cited by 2,065
Are CEOs Rewarded for Luck? The Ones Without Principals Are
Bertrand, M., & Mullainathan, S. (2001) · The Quarterly Journal of Economics · doi:10.1162/00335530152466269 · Cited by 1,740
Neighbors as Negatives: Relative Earnings and Well-Being
Luttmer, E. F. P. (2005) · The Quarterly Journal of Economics · doi:10.1093/qje/120.3.963 · Cited by 1,583
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Political Connections and Allocative Distortions
SCHOENHERR, D. (2019) · The Journal of Finance · doi:10.1111/jofi.12751 · Cited by 328
Dividend payments as a response to peer influence
Grennan, J. (2019) · Journal of Financial Economics · doi:10.1016/j.jfineco.2018.01.012 · Cited by 320
CEO social capital, risk-taking and corporate policies
Ferris, S. P., Javakhadze, D., & Rajkovic, T. (2017) · Journal of Corporate Finance · doi:10.1016/j.jcorpfin.2017.09.003 · Cited by 286
Interfirm Relationships and Business Performance*
Cai, J., & Szeidl, A. (2018) · The Quarterly Journal of Economics · doi:10.1093/qje/qjx049 · Cited by 280
Metadata
- Authors
- Shue, K.
- Venue
- Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2013-04-24
- Volume
- 26
- Issue
- 6
- Pages
- 1401-1442
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W3121970360
- Cited by
- 323
- References
- 40
- FWCI
- 83.32
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
