EconStor >
Institut für Weltwirtschaft (IfW), Kiel >
Kieler Arbeitspapiere, IfW >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/24841
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorMilaković, Mishaelen_US
dc.contributor.authorAlfarano, Simoneen_US
dc.contributor.authorLux, Thomasen_US
dc.date.accessioned2008-09-17en_US
dc.date.accessioned2009-04-09T07:48:04Z-
dc.date.available2009-04-09T07:48:04Z-
dc.date.issued2008en_US
dc.identifier.citationKiel working paper 1446 Kiel Inst. for the World Economy, Kielen_US
dc.identifier.urihttp://hdl.handle.net/10419/24841-
dc.description.abstractWe consider the current bipartite graph of German corporate boards and identify a small core of directors who are highly central in the entire network while being densely connected among themselves. To identify the core, we compare the actual number of board memberships to a random benchmark, focusing on deviations from the benchmark that span several orders of magnitude. It seems that the board appointment decisions of largely capitalized companies are the driving force behind the existence of a core in Germany's board and director network. Conditional on being a board member, it is very improbable to obtain a second membership, but multiple board membership becomes increasingly likely once this initial barrier is overcome. We also present a simple model that describes board appointment decisions as a trade-off between social capital and monitoring ability.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKiel working paper 1446en_US
dc.subject.jelD85en_US
dc.subject.jelL20en_US
dc.subject.jelM14en_US
dc.subject.jelM51en_US
dc.subject.ddc330en_US
dc.subject.keywordBoard and director interlocksen_US
dc.subject.keywordnetwork coreen_US
dc.subject.keywordnetwork formationen_US
dc.subject.keywordmarket capitalizationen_US
dc.subject.stwVorstanden_US
dc.subject.stwFührungskräfteen_US
dc.subject.stwSoziales Netzwerken_US
dc.subject.stwBusiness Networken_US
dc.subject.stwMitgliedschaften_US
dc.subject.stwKosten-Nutzen-Analyseen_US
dc.subject.stwTheorieen_US
dc.subject.stwDeutschlanden_US
dc.titleThe small core of the German corporate board networken_US
dc.typeWorking Paperen_US
dc.identifier.ppn57791846Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Kieler Arbeitspapiere, IfW
Publikationen von Forscherinnen und Forschern des IfW

Files in This Item:
File Description SizeFormat
57791846X.PDF959.16 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.