Network embeddedness, specialization choices and performance in investment banking industry

Vincenzo Farina

MPRA Paper from University Library of Munich, Germany

Abstract: The idea that network structure and embeddedness affect firms’ competitive behavior and performance is not new both in network literature and in strategic management literature. This study recognizes that the possibility to fully exploit network opportunities is depending on firm specialization choices. By analyzing network embeddedness within the European investment banking industry, I find that banks enhance performance by having a central position in their network and that specialization reduces bank’s benefits of having a central position in the network.

Keywords: Investment Banking; IPOs; Underwriting syndicates, Social network analysis (search for similar items in EconPapers)
JEL-codes: G24 M10 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-ban, nep-com, nep-cse and nep-net
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:11701

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