Network embeddedness, specialization choices and performance in investment banking industry
AbstractThe 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.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 11701.
Date of creation: 2008
Date of revision:
Investment Banking; IPOs; Underwriting syndicates; Social network analysis;
Find related papers by JEL classification:
- G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
- M10 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-12-07 (All new papers)
- NEP-BAN-2008-12-07 (Banking)
- NEP-COM-2008-12-07 (Industrial Competition)
- NEP-CSE-2008-12-07 (Economics of Strategic Management)
- NEP-NET-2008-12-07 (Network Economics)
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