An Empirical Study of Banking Ties and its Implication for Further Research

We study the effects of network connections between banks issuing stock recommendations and the corresponding board of directors. Based on data we extracted from the Standard & Poor’s Capital IQ database, we empirically identify a large number of such banking ties forming a unique database. Following recent focus on social network studies and the need for more transparency in the financial market for investor protection, our database is the foundation for further study. We raise and propose relevant research question to be pursued