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Board Size and Potential Corporate and Director Interlocks in Australasia 1984-1993

Author

Listed:
  • Matthew R. Roy

    (Department of Accounting, Finance and Infor Mation Systems, University of Canterbury, Private Bag 4800, Christchurch, New Zealand.)

  • Mark A. Fox

    (Department of Management, University of Canterbury, Private Bag 4800, Christchurch, New Zealand.)

  • Robert T. Hamilton

    (Department of Management, University of Canterbury, Private Bag 4800, Christchurch, New Zealand.)

Abstract

This paper examines all New Zealand listed public companies in the years 1987, 1990 and 1993 to highlight changes over time in interlocking directorates. Potential company and individual director interlocks, as well as average board size, are found to have decreased since 1984. This points to a marked reversal of the trends identified in Firth (1987). The prevalence of interlocks in New Zealand appears no greater than in Australia and may fall with the implementation of the Companies Act 1993.

Suggested Citation

  • Matthew R. Roy & Mark A. Fox & Robert T. Hamilton, 1994. "Board Size and Potential Corporate and Director Interlocks in Australasia 1984-1993," Australian Journal of Management, Australian School of Business, vol. 19(2), pages 201-217, December.
    • Handle: RePEc:sae:ausman:v:19:y:1994:i:2:p:201-217
    DOI: 10.1177/031289629401900205
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    References listed on IDEAS

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    1. John A. Pearce & Shaker A. Zahra, 1992. "Board Composition From A Strategic Contingency Perspective," Journal of Management Studies, Wiley Blackwell, vol. 29(4), pages 411-438, July.
    2. Mark A. Fox & Robert T. Hamilton, 1994. "Ownership And Diversification: Agency Theory Or Stewardship Theory," Journal of Management Studies, Wiley Blackwell, vol. 31(1), pages 69-81, January.
    3. Dooley, Peter C, 1969. "The Interlocking Directorate," American Economic Review, American Economic Association, vol. 59(3), pages 314-323, June.
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    Cited by:

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    2. Sankowska, Anna & Siudak, Dariusz, 2016. "The small world phenomenon and assortative mixing in Polish corporate board and director networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 443(C), pages 309-315.

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