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Social Proximity to Capital: Implications for Investors and Firms

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NBER2020-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27299
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We use social network data from Facebook to show that institutional investors are more likely to invest in firms from regions to which they have stronger social ties. This effect of social proximity on investment behavior is distinct from the effect of geographic proximity. Social connections have
提供机构:
美国国家经济研究局
创建时间:
2020-06-01
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