![Working Papers](https://mackinstitute.wharton.upenn.edu/wp-content/uploads/2016/06/Working-Paper-150x100.png)
In this project, I want to study the financial intermediary’s impact on firm’s innovation. More specific, I want to study whether a firm can innovate more if its shares are heavily held by connected mutual funds. Here I define a mutual fund as connected if the mutual fund managers went to the same school as the top officers of the firm.…Read More