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

Malika Hamadi ()
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Malika Hamadi: LSF

LSF Research Working Paper Series from Luxembourg School of Finance, University of Luxembourg

Abstract: 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.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:crf:wpaper:12-16

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