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Network Analysis in Corporate Finance

This paper provides a comprehensive introduction to how social networks shape outcomes in corporate finance. It highlights that relationships between individuals and organisations, such as directors serving together, sharing educational backgrounds, or belonging to the same professional or social circles, form networks that meaningfully influence firm behaviour and governance. 

The paper also distinguishes between one-mode networks (e.g., director–director links) and two-mode networks (e.g., directors and the firms they serve), showing how different analytical tools, such as centrality measures and Q-analysis, reveal patterns of influence, prominence, and information flow across corporate systems. 

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