Executive Networks and Firm Policies: Evidence from the Random Assignment of MBA Peers
Winner of the Wharton School-WRDS Award for the Best Empirical Finance Paper, WFA 2012
Abstract: Using the historical random assignment of MBA students to sections at Harvard Business School, I explore how executive peer networks can affect managerial decision-making and firm policies. Within an HBS class, firm outcomes are significantly more similar among graduates from the same section than among graduates from different sections, with the strongest effects in executive compensation and acquisitions strategy. Both compensation and acquisitions propensities have elasticities of 10-20% with respect to the mean characteristics of section peers. I demonstrate the important role of ongoing social interactions by showing that peer effects are more than twice as strong in the year immediately following staggered alumni reunions. A variety of other tests suggest that peer influence can operate through direct reactions to peer outcomes in ways that do not necessarily contribute to firm productivity.
Hello Miguel, Have you looked at the studies of workplace repatriation? Colleagues at work who have been away for several years and return to their original workplace, or to one they consider to be their professional home base, experience many transitional issues similar to the homecoming experience. In many cases, their relationships might be of longer duration than school or club relationships in a traditional homecoming context. Best of luck in your research, John Fruner Doctoral student, Business Administration, Career Studies Baker College Center for Graduate Studies
Dear Professor Olivas-Lujan,
I noticed the below on the AOM Careers listserv.
In Australia I imagine the equivalent might be termed 'reunion'.
I've just done a quick Google Scholar search upon 'alumni reunions' and there seems to be some activity on that term, but whether it is what you were looking for I don't know.
Hope this might be useful.
Kind regards,
Jo McInnes
PhD Candidate
International Graduate School of Business
University of South Australia
City West Campus
Adelaide, South Australia
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