Does informal governance matter to institutional investors? Evidence from social capital
We find a positive association between institutional ownership and social capital. The social
norms in a region, while not imposed by businesses or laws, play a monitoring role that …
norms in a region, while not imposed by businesses or laws, play a monitoring role that …
[PDF][PDF] Social Capital, Opportunism, and Corporate Acquisition
CS Bae, G Choi - 2023 - cba.lmu.edu
We examine the real effect of local social capital on corporate investments focusing on
acquisition. Firms in high-social-capital counties are associated with a lower acquisition …
acquisition. Firms in high-social-capital counties are associated with a lower acquisition …