Publications (new)
2022
Beule, F. De; Elia, S.; Garcia-Bernardo, J.; Heemskerk, E. M.; Jaklič, A.; Takes, F. W.; Zdziarski, M.
Proximity at a distance: The relationship between foreign subsidiary co-location and MNC headquarters board interlock formation Journal Article
In: International Business Review, vol. 31, no. 4, pp. 101971, 2022, ISSN: 0969-5931.
Abstract | Links | BibTeX | Tags: Board interlocks, HQ-subsidiary relations, Internationalization, Proximity, Resource dependence, Subsidiary co-location, Transnational board interlocks
@article{de_beule_proximity_2022,
title = {Proximity at a distance: The relationship between foreign subsidiary co-location and MNC headquarters board interlock formation},
author = {F. De Beule and S. Elia and J. Garcia-Bernardo and E. M. Heemskerk and A. Jaklič and F. W. Takes and M. Zdziarski},
url = {https://www.sciencedirect.com/science/article/pii/S096959312100189X},
doi = {10.1016/j.ibusrev.2021.101971},
issn = {0969-5931},
year = {2022},
date = {2022-08-01},
urldate = {2024-04-08},
journal = {International Business Review},
volume = {31},
number = {4},
pages = {101971},
abstract = {Corporations seek various relationships, such as board interlocks, with other firms to reduce resource dependencies. The consistent theoretical expectation and empirical finding that physical proximity is an important driver for board interlock formation is seemingly at odds with the emerging and growing literature on transnational board interlock ties. We argue that the effect of proximity on multinational corporation (MNC) board interlock formation can also be attributed to the firms’ internationalization strategy, namely, when they have co-located subsidiaries in foreign markets. We call this “proximity at a distance”. We test our assumptions on a dataset covering almost 43,000 board interlocks among MNC headquarters and their 12 million subsidiary co-location pairs. We confirm that proximity among headquarters increases the odds of interlocking but also find robust evidence that co-located subsidiaries also increase firms’ propensity to interlock, particularly for transnational board interlocks. Our results help provide an explanation for the “paradox of distance” by showing that the interlock between two distant MNCs may be driven by proximity to their foreign subsidiaries. As such, we illustrate how MNCs’ resource-dependent strategic responses can occur at the headquarters level to address uncertainties experienced at the subsidiary level.},
keywords = {Board interlocks, HQ-subsidiary relations, Internationalization, Proximity, Resource dependence, Subsidiary co-location, Transnational board interlocks},
pubstate = {published},
tppubtype = {article}
}
van Kuppevelt, D. E.; Bakhshi, R.; Heemskerk, E. M.; Takes, F. W.
Community membership consistency applied to corporate board interlock networks Journal Article
In: Journal of Computational Social Science, vol. 5, no. 1, pp. 841–860, 2022, ISSN: 2432-2725.
Abstract | Links | BibTeX | Tags: Board interlocks, Community detection, Interlocking directorates, Modularity, Network analysis
@article{kuppevelt_community_2022,
title = {Community membership consistency applied to corporate board interlock networks},
author = {D. E. van Kuppevelt and R. Bakhshi and E. M. Heemskerk and F. W. Takes},
url = {https://doi.org/10.1007/s42001-021-00145-5},
doi = {10.1007/s42001-021-00145-5},
issn = {2432-2725},
year = {2022},
date = {2022-05-01},
urldate = {2024-04-08},
journal = {Journal of Computational Social Science},
volume = {5},
number = {1},
pages = {841–860},
abstract = {Community detection is a well-established method for studying the meso-scale structure of social networks. Applying a community detection algorithm results in a division of a network into communities that is often used to inspect and reason about community membership of specific nodes. This micro-level interpretation step of community structure is a crucial step in typical social science research. However, the methodological caveat in this step is that virtually all modern community detection methods are non-deterministic and based on randomization and approximated results. This needs to be explicitly taken into consideration when reasoning about community membership of individual nodes. To do so, we propose a metric of community membership consistency, that provides node-level insights in how reliable the placement of that node into a community really is. In addition, it enables us to distinguish the community core members of a community. The usefulness of the proposed metrics is demonstrated on corporate board interlock networks, in which weighted links represent shared senior level directors between firms. Results suggest that the community structure of global business groups is centered around persistent communities consisting of core countries tied by geographical and cultural proximity. In addition, we identify fringe countries that appear to associate with a number of different global business communities.},
keywords = {Board interlocks, Community detection, Interlocking directorates, Modularity, Network analysis},
pubstate = {published},
tppubtype = {article}
}