Board Games: Antecedents of Australia’s Interlocking Directorates, 1910–2018

IF 0.7 2区 历史学 Q4 BUSINESS
C. Wright
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引用次数: 2

Abstract

Interlocking directorates can encourage innovation, cooperation, and adherence to best practices or can contribute to collusion, corruption, and the stagnation of ideas. Research has identified the contingent nature of director networks, with outcomes dependent on the nature of the tie; the firms and individuals involved; and the institutional, sociopolitical, and cultural context. Distinguishing between helpful and harmful interlocks thus requires understanding the foundations on which they were built. This article is the first systematic, longitudinal analysis of the antecedents of interlocking directorates in Australia, complementing substantial international efforts to understand and compare director networks across the twentieth century. The network has been characterized by a relatively consistent long-run level of connection but substantial variation in the causes of interlocks. The director network in Australia has responded to the pragmatics of the board member occupation, with corporate governance regulations, the progress of the professions, banking and prudential practices, and the form of large organizations encouraging ties that were built on professional expertise and geographic proximity. These findings are important for policy makers, regulatory bodies, and scholars, highlighting the importance of understanding the contextual foundations of interlocks when assessing their potential for harm.
董事会游戏:澳大利亚连锁董事会的前身,1910-2018
环环相扣的董事会可以鼓励创新、合作和遵守最佳实践,也可能导致勾结、腐败和思想停滞。研究已经确定了主管网络的偶然性,其结果取决于关系的性质;涉及的公司和个人;以及制度、社会政治和文化背景。因此,区分有益的和有害的联锁需要了解它们建立的基础。本文是第一个系统的,纵向分析连锁董事在澳大利亚的前身,补充了大量的国际努力,以了解和比较整个20世纪的董事网络。该网络的特点是相对一致的长期连接水平,但联锁的原因存在实质性变化。澳大利亚的董事网络对董事会成员职业的实用主义做出了回应,包括公司治理法规、专业进步、银行和审慎做法,以及鼓励建立在专业知识和地理邻近基础上的联系的大型组织的形式。这些发现对政策制定者、监管机构和学者都很重要,强调了在评估其潜在危害时了解连锁反应的背景基础的重要性。
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来源期刊
CiteScore
1.20
自引率
30.00%
发文量
37
期刊介绍: Enterprise & Society offers a forum for research on the historical relations between businesses and their larger political, cultural, institutional, social, and economic contexts. The journal aims to be truly international in scope. Studies focused on individual firms and industries and grounded in a broad historical framework are welcome, as are innovative applications of economic or management theories to business and its context.
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