“正午阳光——青年学者论坛”是金融学院定期举办的以院内师生参与为主的学术交流活动，为全院专家学者之间、师生之间、南开金融与国际国内学术界之间提供了难得的交流机会。本学期“正午阳光”论坛初心不改，扬帆远航再出发，致力于营造学院学校科研氛围，推动师生学术科研水平不断提升！

2025年秋季学期 “正午阳光——青年学者论坛”第9期活动安排如下：

讲座题目：From Firms to Homes: Coworker Networks, Earnings Exposure, and Housing Purchases

主讲人：路广利

香港中文大学（深圳）经济管理学院助理教授。路广利教授于英属哥伦比亚大学获得金融学博士学位，南开大学获得硕士和学士学位。研究方向包括：产业政策，创新，公司金融，房地产金融。

点评人：田达

南开大学金融学院助理教授，佛罗里达大学金融博士。

研究领域：公司金融，ESG。

讲座时间：2025年11月13日（周四）12:00-13:30

讲座地点：金融学院116教室

内容摘要

This paper studies the implication of workplace networks on the housing market,  using a unique employer‑branch–employee–residence–housing transaction linked panel for Massachusetts (2006–2023) constructed by linking LinkedIn work histories to property transactions and residential records covering both owners and renters. Home purchases comove strongly within branches: controlling for sorting and shared firm-level shocks with company×year and occupation×year fixed effects, an employee's home purchase probability increases by over 20% of the sample mean following one additional coworker's  purchase in the last three years. Exploiting the post-2019 shift to remote work we confirm social interaction as the key mechanism: within firm-years, the co-worker effect declines significantly remote-suitable occupations post-pandemic, with no significant trend before the pandemic. The network's influence extends beyond the current firm, as purchases by out-of-city former coworkers also predict home purchases. Crucially, the network transmits information about economic fundamentals: employees buy more when their employers expand and less when employer risk increases, and the performance of a former coworker's current firm also predicts an employee's purchase, indicating cross‑firm transmission. By transmitting firm-level shocks to the housing decisions of current employees and their former coworkers, workplace networks act as an important micro-level channel that propagates local economic shocks into the housing market.