Executive Networks and Firm Policies: Evidence from the Random Assignment of MBA Peers

By Kelly Shue. 2013

405 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/cdd48aad4d9b6676bf13bc43ae7a2597a1635a76

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

In Education

Citations in the corpus

PEER EFFECTS IN ECONOMIC ATTITUDES (2014, neutral): “2008), retirement planning (Duflo and Saez 2002, 2003), CEO compensation and investment (Shue 2013), and entrepreneurship (Lerner and Malmendier 2013).”
Political Connections and Allocative Distortions (2015, neutral): “…during the 15Insurance and risk-sharing (Townsend 1994), social collateral (Karlan 2007), peer effects (Sacerdote 2001; Lerner and Malmendier 2013; Shue 2013; Fracassi 2014), information flow (Bandiera and Rasul 2006; Conley and Udry 2010; Cohen et al. 2010; Engelberg et al. 2012; Duchin and…”
Do Firms Respond to Gender Pay Gap Transparency? (2019, positive): “Shue (2013) finds that exchange of information through peer interactions affects managerial pay.”
Learning from Coworkers: Peer Effects on Individual Investment Decisions (2017, positive): “Shue (2013) uses a similar empirical strategy to show evidence consistent with a mimicking channel: M&A decisions of CEOs who were classroom peers are more correlated with each other than with other CEOs, though the evidence does not suggest that these mergers are more efficient than typical M&A…”
Peer effects in corporate disclosure decisions (2020, neutral): “…decisions (Kaustia and Rantala, 2015), risk aversion and trust (Ahern, Duchin, and Shumway, 2014), executive compensation and acquisitions strategy (Shue, 2013), entrepreneurship (Lerner and Malmendier, 2013), financial misconduct (Parsons, Sulaeman, and Titman, 2018), and payout policy (Grennan,…”
How Does Corporate Investment Respond to Increased Entry Threat (2015, positive): “…to the investment of other firms located nearby, Foucault and Frésard (2014) show that firms’ investment depends on the stock prices of their product market peers, and Shue (2013) and Fracassi (2014) show that the similarity of investment between two firms increases with executives’ social ties.”
The Impact of Firm Prestige on Executive Compensation (2017, result): “In line with this view, previous papers have shown that a firm’s local environment is a good proxy to predict CEOs’ decision making behavior (Hilary and Hui, 2009; Schneider and Spalt, 2015) and that their actions respond to their social environment (Shue (2013)).”
Network Effects and Social Inequality (2012, background): “Shue (2011), exploiting random assignment of Harvard Business School (HBS) students to sections to rule out selection effects, reports that, among students who go on to become CEOs, peer effects increase income variance by 20% to 40% (with variance increasing fastest one year after major HBS…”
Corporate Finance Policies and Social Networks (2017, methodology): “Using the random assignment of MBA students to different sections as identification strategy, Shue (2013) finds that executives who graduated from Harvard Business School have more similar firm policies if they were assigned to the same coreclass section, with the strongest effects in executive…”