It is widely believed that a firm’s social network may affect its market value. Yet there is few empirical evidence supporting this assumption. This paper attempts to address this issue by using the data of Chinese listed firms together with the relevant social network information. The study...

We examine the role of bilateral political relations on cross-border merger and acquisition (M&A) activities. Based on a large sample of cross-border deals during 1990- 2010, we find strong and robust evidence that bilateral political relations have large and significant causal effects on...