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Estructura corporativa e interlocking directorates en las mayores empresas españolas, 1917-1970

Juan Antonio Rubio Mondéjar () and Josean Garrués Irurzun ()
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Juan Antonio Rubio Mondéjar: Universidad de Granada. Department of Economic Theory and Economic History
Josean Garrués Irurzun: Universidad de Granada. Department of Economic Theory and Economic History

Authors registered in the RePEc Author Service: Juan Antonio Rubio-Mondéjar () and Josean Garrues-Irurzun

No 01/12, FEG Working Paper Series from Faculty of Economics and Business (University of Granada)

Abstract: This paper analyzes some of the characteristics of Spanish capitalism between 1917 and 1970. For that purpose, we resort to the technique known as interlocking directorates and applies the methodology of social network analysis (SNA) to the board of directors of the 210 largest Spanish companies, in a benchmark dates (1917, 1930, 1948 and 1970). The results allow us to answer the questions of what has been the evolution of the Spanish business structure over the twentieth century and which sectors have been central to each of the moments analyzed. At the same time, we identify the main groups of companies, and the links established among them, assessing the role of financial sector in the national economic structure. Based on the relationships between the members of the Board of Directors and social capital theory, the second objective identifies the circle of Spanish economic power, quantifies the degree of cohesion, and follow its evolution over time, confirming its continuity / disappearance.

Keywords: social networks; financial system; board of directors; Business History; interlocking directorates (search for similar items in EconPapers)
JEL-codes: C63 L14 N24 P12 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2012-05-05
New Economics Papers: this item is included in nep-his and nep-hme
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