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The network of global corporate control: implications for public policy

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  • Compston, Hugh

Abstract

To what extent do transnational companies (TNCs) have the capacity to influence public policy? This article uses the results of a major new study of TNC ownership to shed light on this issue. It is found that TNC ownership and control is extremely concentrated and that there is an inner core of firms with strong co-ownership links that is overrepresented in the membership of major business organizations. It is concluded that these factors enhance the potential for TNCs in general, and core TNCs in particular, to influence public policy.

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  • Compston, Hugh, 2013. "The network of global corporate control: implications for public policy," Business and Politics, Cambridge University Press, vol. 15(3), pages 357-379, October.
    • Handle: RePEc:cup:buspol:v:15:y:2013:i:03:p:357-379_00
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    Cited by:

    1. De Beule, Filip & Elia, Stefano & Garcia-Bernardo, Javier & Heemskerk, Eelke M. & Jaklič, Andreja & Takes, Frank W. & Zdziarski, Michal, 2022. "Proximity at a distance: The relationship between foreign subsidiary co-location and MNC headquarters board interlock formation," International Business Review, Elsevier, vol. 31(4).
    2. Brancaccio, Emiliano & Giammetti, Raffaele & Lopreite, Milena & Puliga, Michelangelo, 2018. "Centralization of capital and financial crisis: A global network analysis of corporate control," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 94-104.

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