publication . Article . Research . 2019

Professional Networks and their Coevolution with Executive Careers: Evidence from North America and Europe

Berardi, Nicoletta; Lalanne, Marie; Seabright, Paul;
Open Access
  • Published: 01 Jan 2019 Journal: SSRN Electronic Journal (eissn: 1556-5068, Copyright policy)
  • Publisher: Elsevier BV
  • Country: Germany
Abstract
This paper examines how networks of professional contacts contribute to the development of the careers of executives of North American and European companies. We build a dynamic model of career progression in which career moves may both depend upon existing networks and contribute to the development of future networks. We test the theory on an original dataset of nearly 73 000 executives in over 10 000 firms. In principle professional networks could be relevant both because they are rewarded by the employer and because they facilitate job mobility. Our econometric analysis suggests that, although there is a substantial positive correlation between network size a...
Subjects
free text keywords: D85, J31, J62, M12, Econometric analysis, Economics, Executive compensation, Demographic economics, Diminishing returns, Professional networks, Positive correlation, Labor mobility, Network size, Coevolution, ddc:330, jel:D85, jel:J31, jel:J62, jel:M12
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