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SUMMARY:Friends during Hard Times: Evidence from the Great Depression
DTSTART:20181128T133000
DTEND:20181128T150000
DTSTAMP:20260427T203116Z
UID:7fa1d7f44b901ce29023fd9d4ef14eedf38efac61bbc804c85928607
CATEGORIES:Conferences - Seminars
DESCRIPTION:Geoffrey TATE\, University of Maryland\nUsing a novel dataset 
 of over 3500 public and private firms\, we construct the network of firm c
 onnections through executives and directors on the eve of the 1929 financi
 al market crash. We find that more connected firms have higher 10-year sur
 vival rates\, on average and using geographic market segmentation for iden
 tification. Consistent with a financing channel\, the results are particul
 arly strong for small firms\, private firms\, cash-poor firms\, and firms 
 located in counties with high bank suspension rates during the crisis. Mor
 eover\, connections to cashrich firms\, but not to cash-poor firms predict
  survival\, overall and among financially constrained firms.
LOCATION:UNIL\, Extranef\, room 118 https://planete.unil.ch/plan/?local=EX
 T-118.1
STATUS:CONFIRMED
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