Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/214889
Authors: 
Levati, Lorenzo Maria
Lalanne, Marie
Year of Publication: 
2020
Series/Report no.: 
SAFE Working Paper No. 268
Abstract: 
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.
Subjects: 
Referrals
Job Match Quality
Social Networks
Board of Directors
JEL: 
L14
J63
M51
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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