The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Corporate Finance Policies and Social Networks
Open accessAbstract
This paper shows that managers are influenced by their social peers when making corporate policy decisions. Using biographical information about executives and directors of U.S. public companies, we define social ties from current and past employment, education, and other activities. We find that more connections two companies share with each other, more similar their capital investments are. To address endogeneity concerns, we find that companies invest less similarly when an individual connecting them dies. The results extend to other corporate finance policies. Furthermore, central companies in the social network invest in a less idiosyncratic way and exhibit better economic performance. This paper was accepted by Amit Seru, finance.
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Cites
Social Networks and Organizations
Kilduff, M., & Tsai, W. (2003) · doi:10.4135/9781849209915 · Cited by 1,581
(2002) · Theory and Decision Library C: · doi:10.1007/b109038 · Cited by 381
Cited by
Learning from peers' stock prices and corporate investment
Foucault, T., & Fresard, L. (2014) · Journal of Financial Economics · doi:10.1016/j.jfineco.2013.11.006 · Cited by 623
CEO network centrality and merger performance
El-Khatib, R., Fogel, K., & Jandik, T. (2015) · Journal of Financial Economics · doi:10.1016/j.jfineco.2015.01.001 · Cited by 585
Engelberg, J., Gao, P., & Parsons, C. A. (2012) · Journal of Financial Economics · doi:10.1016/j.jfineco.2011.08.003 · Cited by 537
Acquirer-target social ties and merger outcomes
Ishii, J., & Xuan, Y. (2014) · Journal of Financial Economics · doi:10.1016/j.jfineco.2014.02.007 · Cited by 438
Managers with and without Style: Evidence Using Exogenous Variation
Fee, C. E., Hadlock, C. J., & Pierce, J. R. (2013) · Review of Financial Studies · doi:10.1093/rfs/hhs131 · Cited by 422
Metadata
- Authors
- Fracassi, C.
- Venue
- Management Science
- Published
- 2017-08
- Volume
- 63
- Issue
- 8
- Pages
- 2420-2438
- ISSN
- 0025-1909 (ISSN-L)
- 1526-5501
- OpenAlex
- W3045551298
- Cited by
- 488
- References
- 2
- FWCI
- 106.08
- Type
- journal article
- Language
- en
- Open access
- green
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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.
