Does the Connection between Corporate Executives and Fund Managers Pay?
碩士 === 中國文化大學 === 國際貿易學系碩士班 === 97 === This paper examines the role and estimates the economic value of social networks to academic institutions in financial markets. We look at the effect of social networks from the firm’s side, providing the facts that (1) social networks may strongly affect portf...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2009
|
| Online Access: | http://ndltd.ncl.edu.tw/handle/32497884223348012279 |
| Summary: | 碩士 === 中國文化大學 === 國際貿易學系碩士班 === 97 === This paper examines the role and estimates the economic value of social networks to academic institutions in financial markets. We look at the effect of social networks from the firm’s side, providing the facts that (1) social networks may strongly affect portfolio holdings by fund managers and (2) social networks may be favorable to firm performance. Our study relies on educational networks between corporate executives and fund managers during the 2005-2007 periods. Taken together, these results provide strong evidence that shared academic backgrounds help reduce information gaps in the financial markets. And we confirm the extent to which social networks are important in other information environments can provide us with a richer understanding of information flow in security markets.
|
|---|