We examine the impact of institutional investor networks on stock price crash risk in China.
Using data from 2007 to 2019 on Chinese institutional investors, we document that well …

We develop a new rationale for capital allocation in business groups' internal capital
markets. We show that productivity and pledgeable income jointly drive capital allocation …

This study investigates whether firm status in networks is a burden in the context of negative
rumors. We use a network approach to capture firms' network of affiliations through cross …

We argue that inter-jurisdictional competition in a regionally decentralized authoritarian
regime distorts local politicians' incentives in resource allocation among firms from their own …

This study documents significant differences in the interbank market lending and borrowing
levels across countries. We argue that the existing differences in interbank market usage …

This paper characterizes the importance of ownership networks of firms that are subject to a
prominent energy regulation in China: the Top 1000 Enterprises Energy-Saving Program …

The centrality in a network is a popular metric for agents' network positions and is often used
in regression models to model the network effect on an outcome variable of interest. In …

This paper explores the relationship between the co‐shareholding network and negative
media coverage in the context of China. We find that the high degree centrality and structural …

We argue that inter-jurisdictional competition in a regionally decentralized authoritarian
regime distorts local politicians' incentives in resource allocation among firms from their own …

Centrality measures and community structures play a pivotal role in the analysis of complex
networks. To effectively model the impact of the network on our variable of interest, it is …