The Small World of Corporate Boards-Worldwide:International Evidence from Listed Firms

Autor: Malika Hamadi
Rok vydání: 2012
Popis: This paper analyzes the structure of national corporate board networks of all listed firms in a very large cross-section of countries. Controlling for degree distribution, the hypothesis of randomly generated bipartite board director networks is very strongly rejected using a rigorous simulation method. We show in particular that comparing theoretical with empirical measures leads to misleading conclusions when one fails to control for the variability of the theoretical measures.
Databáze: OpenAIRE