סמינר במימון-חשבונאות

Speaker:  Prof. Ron Shalev, Stern School of Business

Abstract

This paper investigates whether interpersonal linkages among executives affect the choice of suppliers and the resulting shareholder wealth effect. We find that executive social connections increase the likelihood of a firm becoming a supplier. This effect is stronger among firms in a less competitive product market and with lower institutional ownership. We also find that the effect of social ties on supplier choice has a measurable negative effect on firm future performance.

The Article can be downloaded from the Finance-Accounting seminar website:

http://recanati-bs.tau.ac.il/Eng/Finance-Accounting-Seminar