Interlocking Directorates, Commercial Banks, Other Financial Institutions and Non-Financial Corporations
AbstractThe paper documents the interlocking directorates of banks with other financial and nonfinancial firms which belong to the top 1,000 corporations in the Philippines. Within the interlocked group of firms are the large conglomerates of leading families. Additionally, there is interlocking within major banks. The paper argues that interlocking is an innovation for obtaining rent or privileges that were created by policies. Interlocking facilitates the lobbying process. This possibly explains the difficulty of implementing structural reforms in the country.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by University of the Philippines School of Economics and Philippine Economic Society in its journal Philippine Review of Economics.
Volume (Year): 30 (1993)
Issue (Month): 1 (June)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- World Bank, 2000. "Philippines : Combating Corruption in the Philippines," World Bank Other Operational Studies 15150, The World Bank.
- Claessens, Constantijn A. & Djankov, Simeon & Lang, Larry H. P., 1999. "Who controls East Asian corporations ?," Policy Research Working Paper Series 2054, The World Bank.
- World Bank, 2000. "Philippines - Growth with Equity : The Remaining Agenda - A World Bank Social and Structural Review," World Bank Other Operational Studies 15142, The World Bank.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Reuben T. Campos).
If references are entirely missing, you can add them using this form.