Date: 2013
Type: Working Paper
The value of social networks in financial markets
Working Paper, EUI RSCAS, 2013/21
RANCAN, Michela, The value of social networks in financial markets, EUI RSCAS, 2013/21 - https://hdl.handle.net/1814/26337
Retrieved from Cadmus, EUI Research Repository
Social contacts influence decisions and economic outputs in a variety of contexts. Does social network matter also in financial markets? In this paper I investigate the effect of social networks on mutual funds performance by exploiting data on the education of U.S. fund managers. The results show that performance is better for fund managers with many social connections. Furthermore, positional advantages in the social network generate superior performance. This evidence suggests that social interaction and information spillovers have a positive and meaningful value for mutual funds.
Cadmus permanent link: https://hdl.handle.net/1814/26337
ISSN: 1028-3625
Series/Number: EUI RSCAS; 2013/21
Keyword(s): Social Network Mutual Fund Performance G23 L14