Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5089426 | Journal of Banking & Finance | 2013 | 19 Pages |
Abstract
⺠We analyze how homophily and social ties affect career outcomes in banking. ⺠Homophily based on age and gender increase the chances of the outsider appointments. ⺠Similar educational backgrounds reduce the chance that the appointee is an outsider. ⺠Greater social ties increase the probability of an outside appointment. ⺠We also find weak evidence of cronyism in banking.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Allen N. Berger, Thomas Kick, Michael Koetter, Klaus Schaeck,