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Estructura corporativa e interlocking directorates en las mayores empresas españolas, 1917-1970

Author

Listed:
  • Juan Antonio Rubio Mondéjar

    (Universidad de Granada. Department of Economic Theory and Economic History)

  • Josean Garrués Irurzun

    (Universidad de Granada. Department of Economic Theory and Economic History)

Abstract

This paper analyzes some of the characteristics of Spanish capitalism between 1917 and 1970. For that purpose, we resort to the technique known as interlocking directorates and applies the methodology of social network analysis (SNA) to the board of directors of the 210 largest Spanish companies, in a benchmark dates (1917, 1930, 1948 and 1970). The results allow us to answer the questions of what has been the evolution of the Spanish business structure over the twentieth century and which sectors have been central to each of the moments analyzed. At the same time, we identify the main groups of companies, and the links established among them, assessing the role of financial sector in the national economic structure. Based on the relationships between the members of the Board of Directors and social capital theory, the second objective identifies the circle of Spanish economic power, quantifies the degree of cohesion, and follow its evolution over time, confirming its continuity / disappearance.

Suggested Citation

  • 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).
    • Handle: RePEc:gra:fegper:01/12
    as

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    File URL: http://www.ugr.es/~teoriahe/RePEc/gra/fegper/FEGWP112.pdf
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    References listed on IDEAS

    as
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Who’s Who in Spanish Corporate Governance?
      by bearodr in NEP-HIS blog on 2012-06-13 14:53:09

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    More about this item

    Keywords

    social networks; financial system; board of directors; Business History; interlocking directorates;
    All these keywords.

    JEL classification:

    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • P12 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Enterprises
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques

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