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Econ Seminar:Interfirm Relationships and Business Performance
AbstractWe organized business associations for the owner-managers of young Chinese firms to study the effect of business networks on firm performance. We randomized 2,820 firms into small groups whose managers held monthly meetings for one year, and into a "no-meetings" control group. We find that: (1) The meetings increased firm revenue by 8.1 percent, and also significantly increased profit, factors, inputs, the number of partners, borrowing, and a management score; (2) These effects persisted one year after the conclusion of the meetings; and (3) Firms randomized to have better peers exhibited higher growth. We exploit additonal interventions to document concrete channels. (4) Managers shared exogenous business-relevant information, particularly when they were not competitors, showing that the meetings facilitated learning from peers. (5) Managers created more business partnerships in the regular than in other one-time meetings, showing that the meetings improved supplier-client matching.
When 13 October 2017 15:30 - 17:00
Where LSK6045
Speaker(s) Prof. Adam Szeidl
Contact Julie tel: 2358 7621 / email: fnjuwong@ust.hk
Payment Free []
Audience Faculty / Staff,Students,Alumni / Friends
Website fnjuwong.people.ust.hk/Seminar/HKUST
Language English
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