You are here

The Small Worlds of Corporate Governance

Bruce Kogut

© MIT Press, 2012

Publication type: Book

Research Archive Topic: Corporate Finance, Leadership, Organizations

Abstract

The financial crisis of 2008 laid bare the hidden network of relationships in corporate governance: who owes what to whom, who will stand by whom in times of crisis, what governs the provision of credit when no one seems to have credit. This book maps the influence of these types of economic and social networks — communities of agents (people or firms) and the ties among them — on corporate behavior and governance. The empirically rich studies in the book are largely concerned with mechanisms for the emergence of governance networks rather than with what determines the best outcomes. The chapters identify "structural breaks" — privatization, for example, or globalization — and assess why powerful actors across countries behaved similarly or differently in terms of network properties and corporate governance.

The chapters examine, among other topics, the surprisingly heterogeneous network structures that contradict the common belief in a single Anglo-Saxon model; the variation in network trajectories among the formerly communist countries including China; signs of convergence in response to the common structural breaks in Europe; the growing structural power of women due to gains in gender diversity on corporate governance in Scandinavia; the "small world" of merger and acquisition activity in Germany and the United States; the properties of a global and transnational governance network; and application of agent-based models to understanding the emergence of governance.

To view the data, please click here.

 

2014 Klion Forum

When: April 15th, 2014 6:00 PM-8:00 PM
Where: 3022 Broadway
Calder Lounge, Uris Hall (1st Floor)
New York, NY 10027

Register Now >

Expand >

Join Ms. Denise Morrison, CEO of Campbell Soup, and Ms. Ellen Kaden, chief legal and government affairs officer of Campbell Soup, for a fireside chat moderated by Professor Bruce Kogut on board governance and maintaining high ethical principles in a competitive market.

< Collapse

Featured Video

Watch the trailer for our interactive debate entitled “Financial Innovation: A Risky Business?”

Featured Research

The Small Worlds of Corporate Governance
Identifies "structural breaks" — privatization, for example, or globalization — and assesses why powerful actors across countries behave similarly or differently in terms of network properties and corporate governance.

DOWNLOAD DATA >

Program Brochure

View the Bernstein Center brochure, Ethical Challenges in Business

Download