Original paper

More than Connectedness – Heterogeneity of CEO Social Network and Firm Value

Published: Jan 1, 2012
Abstract
This paper examines through various channels the effects of CEO social network heterogeneity on firm value. We construct four measures of heterogeneity based on demographic attributes, intellectual backgrounds, professional experience, and geographical exposures of individuals in the CEO social network. We find that CEO social network heterogeneity leads to higher Tobin's Q of firms. Greater CEO social network heterogeneity also leads to: (i)...
Paper Details
Title
More than Connectedness – Heterogeneity of CEO Social Network and Firm Value
Published Date
Jan 1, 2012
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