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- W2891846558 abstract "Abstract We examine the relationship between stock market liquidity and the network centrality of firm executives. We find that firms whose executive officers are more central in the network of executives have narrower bid‐ask spreads. We use an exogenous network centrality shock of executive turnover and report that liquidity improves after firms hire executives with greater centrality. We present evidence that improved liquidity is attributable to efficient information flows around executives in more advantageous network positions." @default.
- W2891846558 created "2018-09-27" @default.
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- W2891846558 date "2018-09-05" @default.
- W2891846558 modified "2023-10-01" @default.
- W2891846558 title "Executive Network Centrality and Stock Liquidity" @default.
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- W2891846558 doi "https://doi.org/10.1111/fima.12237" @default.
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