Finanse, Rynki Finansowe, Ubezpieczenia
Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Finanse, Rynki Finansowe, Ubezpieczenia
Segregacja i spójność w sieci powiązań rad dyrektorów (interlocking directorates)
(The Segregation and Cohesion in the Network of Interlocking Directorates)
DOI: 10.18276/frfu.2016.79-49
Cite
The full text is available
| ISSN: | 2450-7741 |
| eISSN: | 2300-4460 |
| Authors: | Dariusz Siudak |
| Keywords: | interlocking directorates segregation cohesion resource-dependence theory |
| Issue / book publication date: | 2016 |
| Page range: | 11 (617-627) |
| OAI-PMH: | Metadata |
Abstract
Purpose – The aim of the paper is an assessment of segregation and cohesion degree in the company network on the Polish capital market through the analysis of interlocking directorates of publicly listed companies. Design/methodology/approach – The social network analysis and statistical analysis were applied. Results – The companies grouped by their the economic industries are characterized by their lack of cohesion and segregation. The relations established between the companies are in most cases cross-sector links, which express a given company’s desire to limit its uncertainty in its environment. It may be explained by the resources dependence theory. Originality/value – This is a first attempt to analyze the aforementioned issues on the Polish capital market
Preview PDF
Bibliography (57)
- Alba R.D. (1973), A graph-theoretic definition of a sociometric clique, „Journal of Mathematical Sociology” vol. 3,
- s. 113–126.
- Bock R.D., Husain S.Z. (1950), An adaptation of Holzinger’s B-coefficients for the analysis of sociometric data,
- „Sociometry” vol. 13, s. 146–153.
- Bojanowski M., Corten R. (2014), Measuring segregation in social networks, „Social Networks” vol. 39, s. 14–32.
- Borgatti S.P., Everett M.G., Johnson J.C. (2013), Analyzing Social Networks, Sage Publications, Los Angeles.
- Boyd B. (1990), Corporate linkages and organizational environment: A test of the resource dependence model,
- „Strategic Management Journal” vol. 11, s. 419–430.
- Caldarelli G., Catanzaro M. (2004), The corporate boards networks, „Physica A”, vol. 338, s. 98–106.
- Campigotto R., Guillamue J.L. (2014), The Power of Consensus: Random Graphs Still Have No Communities,
- w: Social Network Analysis – Community Detection and Evolution, red. R. Missaoui, I. Sarr, Springer, s. 145–
- 164.
- Catanzaro M., Caldarelli G., Pietronero L. (2004), Assortative model for social networks, „Physical Review E”,
- vol. 70, s. 037101–037104.
- Chin-Huat O., Wan D., Kee-Sing O. (2003), An Exploratory Study on Interlocking Directorates in Listed Firms in
- Singapore, „Corporate Governance: An International Review” vol. 11, s. 322–334.
- Dorogovtsev S. (2010), Lectures on Complex Networks, Oxford University Press, Oxford.
- Henning M., Brandes U., Pfeffer J., Mergel I. (2012), Studying Social Networks. A Guide to Empirical Reaserch,
- Campus Verlag, Frankfurt–New York.
- Krackhardt D., Stern R.N. (1988), Informal Networks and Organizational Crises: An Experimental Simulation,
- „Social Psychology Quarterly” vol. 51, no. 2, s. 123–140.
- Newman M. (2002), Assortative mixing in networks, „Physical Review Letters” vol. 89.
- Newman M. (2004), Fast Algorithm for Detecting Community Structure in Networks, „Physical Review E” vol. 69.
- Newman M. (2006a), Modularity and Community Structure in Networks, „Proceedings of the National Academy
- of Sciences” vol. 103, no. 23.
- Newman M. (2006b), Finding Community Structure in Networks Using the Eigenvectors of Matrices, Physical
- Review E, 74 (3).
- Newman M. (2010), Networks: An Introduction, Oxford University Press, Oxford.
- Newman M., Girvan M. (2004), Finding and Evaluating Community Structure in Networks, „Physical Review E”
- vol. 69.
- Pearce J.A., Zahra S.A. (1992), Board composition form strategic contingency perspective, „Journal of Management
- Studies” vol. 29, s. 411–438.
- Pennings J.M. (1980), Interlocking directorates, Jossey-Bass Limited, San Francisco.
- Pfeffer J. (1987), A Resource Dependence Perspective on Intercorporate Relations, w: Intercorporate Relations:
- The Structural Analysis of Business, red. M.S. Mizruchi, M. Schwartz, Cambridge University Press, Cambridge.
- Pfeffer J., Salancik G. (2003/1978), The external control of organizations: A resources dependence perspective,
- Standford University Press, Standford.
- Phan P., Lee S.H., Lau S.C. (2003), The Performance Impact of Interlocking Directorates: The Case of Singapore,
- „Journal of Management Issues” vol. XV, no. 3, s. 338–352.
- Sankowska A., Siudak D. (2015), Empiryczna weryfikacja teorii uzależnienia zasobowego w kontekście usieciowienia
- rady dyrektorów (interlocking directorates), Zeszyty Naukowe Uniwersytetu Szczecińskiego nr 855,
- „Finanse, Rynki Finansowe, Ubezpieczenia” nr 74, t. 1, Wydawnictwo Naukowe Uniwersytetu Szczecińskiego,
- Szczecin, s. 661–673.
- Sankowska A., Siudak D. (2016), The Small World Phenomenon and Assortative Mixing in Polish Corporate Board
- and Director Networks, „Physica A” vol. 443, s. 309–315.
- Siudak D. (2015), Struktura społeczności sieci powiązań rad dyrektorów przedsiębiorstw na polskim rynku kapitałowym,
- „Przegląd Statystyczny” t. 62/2, s. 183–197.
- Stiles P., Taylor B. (2010), Boards at Work. How Directors View Their Roles and Responsibilities, Oxford University
- Press, Oxford.
- Wasserman S., Faust K. (1994), Social Network Analysis. Methods and Applications, Cambridge University Press.
- Watts D.J., Strogatz S.H. (1998), Collective dynamics of `small-world’ networks, „Nature” vol. 393, s. 440–442.
- Yang Y., Cai N. (2011), Interlocking directorates and firm’s diversification strategy: perspective of strategy learning,
- w: Innovative computing and information, red. M. Dali, Springer-Verlag, Berlin, s. 87–94.
- Zahra S.A., Pearce J.A. (1989), Boards of Directors and Corporate Financial Performance: A Review and Integrative
- Model, „Journal of Management” vol. 15, s. 291–334.
- Zdziarski M. (2012), Relacje w radach nadzorczych spółek publicznych, „Współczesne Zarządzanie” nr 4, s. 223–
- 231.

