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Resident Networks and Corporate Connections: Evidence from World War II Internment Camps

Cohen, Lauren - ; Gurun, Umit U - ; Malloy Christopher - ;

Using customs and port authority data, we show that firms are significantly more likely to trade with countries that have a large resident population near their firm headquarters, and that these connected trades are their most valuable international trades. Using the formation of World War II Japanese internment camps to isolate exogenous shocks to local ethnic populations, we identify a causal link between local networks and firm trade. Firms are also more likely to acquire target firms, and report increased segment sales, in connected countries. Our results point to a surprisingly large role of immigrants as economic conduits for firms..Printed Journal


Ketersediaan

Call NumberLocationAvailable
JOF 7201PSB lt.dasar - Pascasarjana1
Penerbit: The American Finance Association
Edisi-
SubjekInternational trades
Firm
resident network
ISBN/ISSN221082
Klasifikasi-
Deskripsi Fisik-
Info Detail Spesifik-
Other Version/RelatedTidak tersedia versi lain
Lampiran BerkasTidak Ada Data

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