Estimados Académicos y Académicas FEN,

Les extendemos la invitación al seminario que organiza el Departamento de Economía, en el que se presentará el trabajo titulado "The Social Geography of Misconduct".

Expone: Matías Braun, Profesor Titular, ESE Business School, Universidad de los Andes.

Coautor: Santiago Truffa y Ercos Valdivieso.

Abstract:  We construct social and physical proximity measures between pairs of firms, using the professional trajectory of board members and geographic data. A firm’s tendency to engage in corporate misconduct and earning management increases with its social proximity to firms exhibiting similar past behavior. The effect is stronger when the link involves board members that are more influential. It is also higher when the conduct is less likely to be detected and when the neighboring firms were not heavily penalized when caught. Results are not driven by the endogenous matching between firms and directors and independent of that of local norms. 

El formato será presencial y el seminario se desarrollará en la Sala P-304.

Saludos cordiales,

Dirección de Investigación