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The Small World of Investing: Board Connections and Mutual Fund Returns

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NBER2007-05-01 更新2025-01-04 收录
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This paper uses social networks to identify information transfer in security markets. We focus on connections between mutual fund managers and corporate board members via shared education networks. We find that portfolio managers place larger bets on firms they are connected to through their network

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2007-05-01
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