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We introduce endogenous fire sales into a simple network model. For any given initial distribution of shocks across the network, we develop a clearing algorithm to solve for the financial equilibrium. We then utilise the results to perform ex ante risk assessment and derive risk premia for every...
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Business networks and strategic alliances in China : an introduction / Stewart Clegg, Yuan Wang, and Mike Berrell … Yuan Wang -- Business networks in China : legacies and practice / Emanuela Todeva -- Guanxi and business ethical issues in …
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Business Networks and Strategic Alliances in China addresses how knowledge transfer and innovation are interwoven … within complex networks and how social capital contributes to the acquisition of crucial resources and business success in … and nature of the relations, networks, and alliances forged is crucial for the success of Chinese businesses. A …
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