کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7357322 1478428 2018 54 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Differences make a difference: Diversity in social learning and value creation
ترجمه فارسی عنوان
تفاوت ها یک تفاوت دارند: تنوع در یادگیری اجتماعی و ایجاد ارزش
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
چکیده انگلیسی
Prior research has demonstrated that CEOs learn privileged information from their social connections. Going beyond the importance of the number of social ties in a CEO's social network, this paper studies the value generated from a diverse social environment. We construct an index of social-network heterogeneity (SNH) that captures the extent to which CEOs are connected to people of different demographic attributes and skill sets. We find that higher CEO SNH leads to greater firm value through the channels of better corporate innovation and diversified M&As. Overall, the evidence suggests that CEOs' exposure to human diversity enhances social learning and creates greater growth opportunities for firms.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Corporate Finance - Volume 48, February 2018, Pages 474-491
نویسندگان
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