Do Social Networks of Listed Companies Help Companies Recover from Financial Crises?

This study aims to examine how the social networks of top management affect recovery their companies when facing a financial crisis. We mainly use logit and Cox regression models investigate whether help overcome distress shorten crisis duration. The empirical findings suggest that with characteristics low degree centrality chairman’s bank high closeness general manager’s are more likely get back normal status. Furthermore, for personal networks, executive’s it was easier practical implication is need prioritize quality over quantity in order survive or All company managers should not look only at size but consider network configured.