The core of the global corporate network

Ricardo Giglio and Thomas Lux

No 59, FinMaP-Working Papers from Collaborative EU Project FinMaP - Financial Distortions and Macroeconomic Performance: Expectations, Constraints and Interaction of Agents

Abstract: We investigate the network topology of a comprehensive data set of the world-wide population of corporate entities. In particular, we have extracted information on the boards of all companies listed in Bloomberg's archive of company profiles in October, 2015, a total of almost 100; 000 firms. We provide information on board membership overlap at various levels, and, in particular, show that there exists a core of directors who accumulate a large number of seats and are highly connected among themselves both at the level of national networks and at the worldwide aggregated level.

Keywords: board and director interlocks; network core; network formation (search for similar items in EconPapers)
JEL-codes: D85 L20 M14 M51 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-net
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:fmpwps:59

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