IDEAS home Printed from https://ideas.repec.org/a/bla/ajecsc/v38y1979i2p173-186.html
   My bibliography  Save this article

Models of the Significance of Interlocking Corporate Directorates

Author

Listed:
  • Thomas Koenig
  • Robisrt Gogel
  • John Sonquist

Abstract

. Four different models explaining the significance of the patterns of interlocking directorates in the American economy are delineated and examined to discover a few of the behavioral predictions inherent in each. Empirical tests are employed to examine the general pattern of replacement of interlocking relationships between the largest American firms when ended through the death of an outside director. Another test employed is to examine the stability of interlock patterns over time. From the results it is concluded that interlocking directorates do not generally represent evidence of close interconnections between specific corporations but do connect some stable, city‐based groups.

Suggested Citation

  • Thomas Koenig & Robisrt Gogel & John Sonquist, 1979. "Models of the Significance of Interlocking Corporate Directorates," American Journal of Economics and Sociology, Wiley Blackwell, vol. 38(2), pages 173-186, April.
    • Handle: RePEc:bla:ajecsc:v:38:y:1979:i:2:p:173-186
    DOI: 10.1111/j.1536-7150.1979.tb02877.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1536-7150.1979.tb02877.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1536-7150.1979.tb02877.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kshitij Awasthi & Rejie George, 2021. "Influence Capital in Boards: a study of ex-bureaucrats in India," Asia Pacific Journal of Management, Springer, vol. 38(4), pages 1525-1559, December.
    2. Bikram De, 2008. "The Incidence and Performance Effects of Interlocking Directorates in Emerging Market Business Groups: Evidence from India," Working Papers id:1770, eSocialSciences.
    3. Carroll, William K. & Sapinski, Jean Philippe, 2017. "Corporate elites and intercorporate networks," SocArXiv 43w7s, Center for Open Science.
    4. Carlos Drago & Francesco Millo & Roberto Ricciuti & Paolo Santella, 2011. "Corporate Governance Reforms, Interlocking Directorship Networks and Company Value in Italy (1998-2007)," CESifo Working Paper Series 3322, CESifo.
    5. Bikram De, 2003. "Incidence and performance effects of interlocking directorates in emerging market business groups: Evidence from India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2003-001, Indira Gandhi Institute of Development Research, Mumbai, India.
    6. Bilian Ni Sullivan & Pamela Haunschild & Karen Page, 2007. "Organizations Non Gratae? The Impact of Unethical Corporate Acts on Interorganizational Networks," Organization Science, INFORMS, vol. 18(1), pages 55-70, February.
    7. Mark S. Mizruchi & Joseph Galaskiewicz, 1993. "Networks of Interorganizational Relations," Sociological Methods & Research, , vol. 22(1), pages 46-70, August.
    8. Juan Antonio Rubio Mondéjar & Josean Garrués Irurzun, 2012. "Estructura corporativa e interlocking directorates en las mayores empresas españolas, 1917-1970," FEG Working Paper Series 01/12, Faculty of Economics and Business (University of Granada).
    9. Chen Hao & Xuegang Feng & Dandan Wu & Xiaodong Guo, 2024. "Board interlocks and corporate risk-taking: An empirical analysis of listed companies from tourism and related industries in China," Tourism Economics, , vol. 30(1), pages 174-211, February.
    10. Drago, Carlo & Millo, Francesco & Ricciuti, Roberto & Santella, Paolo, 2015. "Corporate governance reforms, interlocking directorship and company performance in Italy," International Review of Law and Economics, Elsevier, vol. 41(C), pages 38-49.
    11. Ruslan Rakhmatullin & Louis Brennan, 2014. "Motivation Behind Researchers’ Participation in Formal Networking Research Projects Funded by the European Union," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 5(2), pages 305-329, June.
    12. Niamh Brennan & Michael McDermott, 2004. "Alternative Perspectives on Independence of Directors," Corporate Governance: An International Review, Wiley Blackwell, vol. 12(3), pages 325-336, July.
    13. Booth, James R. & Deli, Daniel N., 1996. "Factors affecting the number of outside directorships held by CEOs," Journal of Financial Economics, Elsevier, vol. 40(1), pages 81-104, January.
    14. Haunschild, Pamela & Page, Karen & Sullivan, Billian Ni, 2000. "Organizations Non-gratae? The Impact of Unethical Corporate Behavior On Interorganizational Networks," Research Papers 1623, Stanford University, Graduate School of Business.
    15. Michael C. Withers & Michael D. Howard & Laszlo Tihanyi, 2020. "You’ve Got a Friend: Examining Board Interlock Formation After Financial Restatements," Organization Science, INFORMS, vol. 31(3), pages 742-769, May.
    16. Karen Schnatterly & Felipe Calvano & John P. Berns & Chaoqun Deng, 2021. "The effects of board expertise‐risk misalignment and subsequent strategic board reconfiguration on firm performance," Strategic Management Journal, Wiley Blackwell, vol. 42(11), pages 2162-2191, November.
    17. Georgeta Vintila & Stefan Cristian Gherghina, 2013. "Board of Directors Independence and Firm Value: Empirical Evidence Based on the Bucharest Stock Exchange Listed Companies," International Journal of Economics and Financial Issues, Econjournals, vol. 3(4), pages 885-900.
    18. Behaghel, Katrin, 1994. "Kostendämpfung und ärztliche Interessenvertretung: Ein Verbandsystem unter Stress," Schriften aus dem Max-Planck-Institut für Gesellschaftsforschung Köln, Max Planck Institute for the Study of Societies, volume 18, number 18.
    19. ROMMENS, An & CUYVERS, Ludo & DELOOF, Marc, 2007. "Interlocking directorates and business groups: Belgian evidence," Working Papers 2007023, University of Antwerp, Faculty of Business and Economics.
    20. Wang, Yong & Li, Kaige & Zhu, Yunxia & Chen, Jiawen, 2023. "Imitation, performance feedback, and outward foreign direct investments by emerging market firms," International Business Review, Elsevier, vol. 32(4).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ajecsc:v:38:y:1979:i:2:p:173-186. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0002-9246 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.