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, political, and family networks for 1,290 large East Asian firms. We find that professional networks buoyed performance during … the 2008 financial crisis; political and family networks did not. We provide evidence that information access is a key … mechanism underlying the effect of professional networks. A one standard deviation improvement to a firm's professional network …
Persistent link: https://www.econbiz.de/10011431401
This paper examines how a radical technological innovation affects alliance formation of firms and subsequent network structures. We use longitudinal data of interfirm R&D collaborations in the biopharmaceutical industry in which a new technological regime is established. Our findings suggest...
Persistent link: https://www.econbiz.de/10011372508
Persistent link: https://www.econbiz.de/10009722670
for employees to work in co-ethnic firms. It argues that strong social networks and related high intra-group trust …
Persistent link: https://www.econbiz.de/10011334837
What drives stated preferences about the number of foreigners? Is it self-interest as stressed by the political economy of immigration? Does social interaction affect this preference or is the immigration preference completely in line with the preference for the aggregate population size? In...
Persistent link: https://www.econbiz.de/10011334329
In this paper, we develop two hypotheses: First, regional innovation efforts have a positive impact on regional knowledge based entrepreneurial activity. Second, knowledge based entrepreneurship positively affects regional economic performance. We test these hypotheses using county level data...
Persistent link: https://www.econbiz.de/10011317454
This paper investigates the extent of the holdup underinvestment problem in a buyer-seller relationship in which the seller has private information about his alternative trading opportunities. Theory predicts that, compared with a situation in which outside options are publicly observed, the...
Persistent link: https://www.econbiz.de/10011334336
Persistent link: https://www.econbiz.de/10009720706
Recent empirical evidence suggests that financial networks exhibit a core periphery network structure. This paper aims …-response dynamics converge to a unique unilaterally stable outcome ranging from an empty to denser networks as the costs of linking …
Persistent link: https://www.econbiz.de/10010384387
Persistent link: https://www.econbiz.de/10010190984