Leading German business newspapers cover research by Bangor academic

The article “Does it pay to have friends? Social ties and executive appointments in banking”, jointly authored by Dr Klaus Schaeck from Bangor Business School with his colleagues Allen Berger (University of South Carolina), Thomas Kick (Deutsche Bundesbank), and Michael Koetter (University of Groningen), has received widespread media coverage by two leading business newspapers in Germany, Handelsblatt and Wirtschaftswoche.

Dr Schaeck and his collaborators examine in their article if social networks among bank executives in Germany facility career progression. Analysing the entire population of German bank executives, Dr Schaeck and his co-authors present evidence that executives that have better social connections in the network of bank managers progress more swiftly in their career. The paper is available as a discussion paper from the website of the Deutsche Bundesbank, the German central bank.

Publication date: 26 March 2012