Directors and syndics in corporate networks: Argentina and Italy compared (1913–1990)
Andrea Lluch,
Alberto Rinaldi,
Erica Salvaj and
Michelangelo Vasta
Business History, 2019, vol. 61, issue 4, 603-628
Abstract:
This article analyses the evolution of corporate networks in Argentina and Italy from 1913 to 1990, using an interlocking directorates technique applied to six benchmark years and the largest 25 banks and 100 non-financial companies in both countries. The descriptive statistics of the companies and directors in the sample provide input for a network connectivity analysis of the two systems, integrated with historical and structural analyses. Furthermore, this article provides the first assessment of syndics – special auditors for firms – to the network analyses. Relying on a recently established analytical framework, the authors show that the Argentine and Italian corporate networks exhibit different structures and evolutions over time. This research broadens the extant analytical framework by exploring how syndics contribute to corporate networks and how the interaction of macro, meso, and micro levels affects the evolution of syndicatures in the two countries. Finally, the detailed taxonomy of syndics offers evidence of companies’ selection strategies and the historical uses of syndicature as a governance mechanism.
Date: 2019
References: Add references at CitEc
Citations:
Downloads: (external link)
http://hdl.handle.net/10.1080/00076791.2017.1382474 (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:taf:bushst:v:61:y:2019:i:4:p:603-628
Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/FBSH20
DOI: 10.1080/00076791.2017.1382474
Access Statistics for this article
Business History is currently edited by Professor John Wilson and Professor Steven Toms
More articles in Business History from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().