讲座名称：They say you can trust me! Network closure, environmental uncertainty, and credit access

讲座地点：东二楼实证所会议室（东333）

讲座摘要：

We suggest a supply-side perspective of corporate lending networks, predicting that corporations benefit from closure in their lending networks, but to a lesser extent if the organizational environment is characterized by low uncertainty. Our sample comprises a panel of 515 corporations listed on China’s stock exchanges, holding a total of 7,009 major bank loans from 183 distinct banks between 2007 and 2012. Results support the hypothesized positive closure effects, but also show that closure offers fewer advantages if environmental uncertainties are small. These findings are robust to various specifications. More generally, our findings contribute to the relational lending literature, as well as emerging literature on how the interplay between network structures and the organizational environment shapes individual and corporate strategies.

主讲人简介：

Sonja Opper is Gad Rausing Professor of International Economics and Business at the School of Economics and Management at Lund University (Sweden). Her current research focuses on explanations of institutional change, the interplay between networks and institutions, entrepreneurial networks and social heuristics of strategic decisions. Her work on China was published in numerous journals including the Academy of Management Journal, Asia-Pacific Journal of Management, Management and Organization Review, Management Science and Social Networks.