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Interlocking directorates and corporate networks

In: Handbook of the International Political Economy of the Corporation

Author

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  • J.P. Sapinski
  • William K. Carroll

Abstract

This chapter provides an introduction to the literature on interlocking directorates and corporate networks. It first traces the historical roots of the field back to the early twentieth century, when researchers on both sides of the Atlantic started expressing concern about the threat to democratic process posed by the emergent corporate form, the potential for collusion allowed by the growing practice of interlocking directorate, and the general concentration of power in the hands of large firms and banks. It then outlines the major theoretical approaches employed, that focus on the corporate network as a set of both interorganizational and interindividual relationships. Third, it summarizes the main findings on the cohesiveness of the corporate community, the hegemonic position of banks, and historical changes and longitudinal dynamics of the network. Finally, it discusses the most recent debates on globalization, the emergence of a European corporate network, and the decline and recomposition of the corporate community.

Suggested Citation

  • J.P. Sapinski & William K. Carroll, 2018. "Interlocking directorates and corporate networks," Chapters, in: Andreas Nölke & Christian May (ed.), Handbook of the International Political Economy of the Corporation, chapter 3, pages 45-60, Edward Elgar Publishing.
  • Handle: RePEc:elg:eechap:16821_3
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    Cited by:

    1. Kentor, Jeffrey & Clark, Rob & Jorgenson, Andrew, 2023. "The hidden cost of global economic integration: How foreign investment drives military expenditures," World Development, Elsevier, vol. 161(C).

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