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Recent work by Mehmet Bac and Eren Inci on the formation of firm networks and their impact on the industrial architecture, loan prices, and quality of potential entrepreneurs, “The Old-Boy Network and the Quality of Entrepreneurs,” appeared in a Special Issue of the Journal of Economics & Management Strategy (Winter 2010). The authors show that an entrepreneur network can display a smaller number of high-type entrepreneurs even though the network is neither nepotistic nor informationally disadvantaged in recruiting members.
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