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European firm networks and competition - theoretical background and empirical evidence

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  • Achim Buchwald

Abstract

This paper analyses firm linkage via multiple directorships among 5,370 non-financial listed firms in the EU-15 member states plus Norway and Switzerland in the period 2005 to 2011. In addition, the network of minority shareholdings and simultaneous interlocking directorates is analysed for the year 2011. The results illustrate that both financial and director networks are dominated by national ties whereas also a range of international linkages is identified. In line with the literature, international director linkages increased in the period under investigation. Further, network analysis shows that regional distance seems to be an important factor for the establishment of personal network ties. Descriptive analyses also suggest a positive relationship between director and financial connections of firms and their financial performance compared to the non-connected firms in the sample. It seems that firm linkages via multiple directorships and minority shareholdings are beneficial for the connected firms to ensure competitive advantages. The paper concludes with policy recommendations and implications for business practice and provides an outlook on further research in this field.

Suggested Citation

  • Achim Buchwald, 2014. "European firm networks and competition - theoretical background and empirical evidence," International Journal of Networking and Virtual Organisations, Inderscience Enterprises Ltd, vol. 14(4), pages 355-376.
    • Handle: RePEc:ids:ijnvor:v:14:y:2014:i:4:p:355-376
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    Citations

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    Cited by:

    1. Oliver Bischoff & Achim Buchwald, 2018. "Horizontal and Vertical Firm Networks, Corporate Performance and Product Market Competition," Journal of Industry, Competition and Trade, Springer, vol. 18(1), pages 25-45, March.
    2. Bénédicte Brullebaut & Isabelle Allemand & Enrico Prinz & Florence Thépot, 2022. "Persistence in corporate networks through boards of directors? A longitudinal study of interlocks in France, Germany, and the United Kingdom," Review of Managerial Science, Springer, vol. 16(6), pages 1743-1782, August.
    3. Rául Serrano & Juan R. Ferrer & Silvia Abella & Vicente Pinilla, 2023. "International Marketing Strategy And Export Performance In Spanish Wine Firms," Documentos de Trabajo dt2023-03, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza.

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