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| Format: | Artículo científico |
| Language: | en |
| Published: |
Universidad de Concepción
2019
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| Subjects: | |
| Online Access: | https://www.redalyc.org/articulo.oa?id=560860148009 https://www.redalyc.org/journal/5608/560860148009/ https://www.redalyc.org/journal/5608/560860148009/html/ https://www.redalyc.org/journal/5608/560860148009/560860148009.epub https://www.redalyc.org/journal/5608/560860148009/movil |
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Table of Contents:
- “That is OK, he is a good fellow”: introducing the outcomes dichotomy for corporate networks of interlocking directorates Miguel Córdova Administración y Contabilidad corporate elites board interlocks Informal networks corporate governance Firms create a formal mechanism of governance to avoid agency problems: the board of directors. At the same time, unintended informal networks emerge from those efforts that build corporate ties among firms through shared directors called interlocking directorates (IDs). These corporate networks act as moderator of behavior, and of many director’s decisions within this business structure; thus, leading companies to several and distinct actions. This study presents the natural dichotomy of IDs activity from the perspective of business outcomes. A comprehensive and systematic review of 80 manuscripts related to IDs research was carried out, proposing three complementary elements that distinguish the positive and the negative side of these informal networks: i) financial benefits against financial disadvantages, ii) free competition against information asymmetries, and iii) resources acquisition against individual interests. The results of this study suggest that IDs main outcome for firms is a positive one, concentrated on acquiring resources to boost firms’ decision-making processes. Finally, we propose paths for further research. 2019 artículo científico 0719-6245 https://www.redalyc.org/articulo.oa?id=560860148009 https://www.redalyc.org/journal/5608/560860148009/ https://www.redalyc.org/journal/5608/560860148009/html/ https://www.redalyc.org/journal/5608/560860148009/560860148009.epub https://www.redalyc.org/journal/5608/560860148009/movil en http://www.redalyc.org/revista.oa?id=5608 Revista Academia & Negocios application/pdf Universidad de Concepción Revista Academia & Negocios (Chile) Num.1 Vol.5