Berger, Allen N.; Kick, Thomas; Koetter, Michael; … - In: Journal of Banking & Finance 37 (2013) 6, pp. 2087-2105
We exploit a unique sample to analyze how homophily (affinity for similar others) and social ties affect career outcomes in banking. We test if these factors increase the probability that the appointee to an executive board is an outsider without previous employment at the bank compared to being...