The impact of job referrals on employment outcomes in top corporate positions

Using an original dataset on professional networks of directors sitting on the boards of large US corporations, we examine how personal relationships are used by firms to improve job match quality in the high-skill segme
Using an original dataset on professional networks of directors sitting on the boards of large US corporations, we examine how personal relationships are used by firms to improve job match quality in the high-skill segment of the labor market. Analyzing explicit social connection data between new hires and recruiters, we are able to test predictions of well established job referral models. We find that referred executive directors have a fifteen percent longer tenure than their non-referred counterparts. Referred executive directors also tend to be similar to their referrers on multiple dimensions, giving support to network homophily hypotheses.
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Metadaten
Author:Lorenzo Maria Levati, Marie Lalanne
URN:urn:nbn:de:hebis:30:3-530984
URL:https://ssrn.com/abstract=3551182
Parent Title (English):SAFE working paper series ; No. 268
Series (Serial Number):SAFE working paper series (268)
Publisher:SAFE
Place of publication:Frankfurt am Main
Document Type:Working Paper
Language:English
Year of Completion:2020
Year of first Publication:2020
Publishing Institution:Universitätsbibliothek Johann Christian Senckenberg
Release Date:2020/03/11
Tag:Board of Directors; Job Match Quality; Referrals; Social Networks
Issue:March, 2020
Pagenumber:52
HeBIS PPN:462151867
Institutes:Wirtschaftswissenschaften
House of Finance (HoF)
Center for Financial Studies (CFS)
Sustainable Architecture for Finance in Europe (SAFE)
Dewey Decimal Classification:330 Wirtschaft
JEL-Classification:J63 Turnover; Vacancies; Layoffs
L14 Transactional Relationships; Contracts and Reputation; Networks
M51 Firm Employment Decisions; Promotions
Sammlungen:Universitätspublikationen
Licence (German):License Logo Veröffentlichungsvertrag für Publikationen

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