Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24841 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorMilaković, Mishaelen
dc.contributor.authorAlfarano, Simoneen
dc.contributor.authorLux, Thomasen
dc.date.accessioned2008-09-17-
dc.date.accessioned2009-04-09T07:48:04Z-
dc.date.available2009-04-09T07:48:04Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1446en
dc.subject.jelD85en
dc.subject.jelL20en
dc.subject.jelM14en
dc.subject.jelM51en
dc.subject.ddc330en
dc.subject.keywordBoard and director interlocksen
dc.subject.keywordnetwork coreen
dc.subject.keywordnetwork formationen
dc.subject.keywordmarket capitalizationen
dc.subject.stwVorstanden
dc.subject.stwFührungskräfteen
dc.subject.stwSoziales Netzwerken
dc.subject.stwBusiness Networken
dc.subject.stwMitgliedschaften
dc.subject.stwKosten-Nutzen-Analyseen
dc.subject.stwTheorieen
dc.subject.stwDeutschlanden
dc.titleThe small core of the German corporate board network-
dc.typeWorking Paperen
dc.identifier.ppn57791846Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1446en

Files in This Item:
File
Size
959.16 kB





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