Directors and syndics in corporate networks: Argentina and Italy compared (1913–1990)

Authors
Lluch, Andrea Mari; Rinaldi, Alberto; Salvaj, Erica; Vasta, Michelangelo
Publication Year
2017
Language
English
Format
article
Status
Published version
Description
This article analyses the evolution of corporate networks in Argentina and Italy from 1913 to 1990, using an interlocking directorates technique applied to six benchmark years and the largest 25 banks and 100 non-financial companies in both countries. The descriptive statistics of the companies and directors in the sample provide input for a network connectivity analysis of the two systems, integrated with historical and structural analyses. Furthermore, this article provides the first assessment of syndics – special auditors for firms – to the network analyses. Relying on a recently established analytical framework, the authors show that the Argentine and Italian corporate networks exhibit different structures and evolutions over time. This research broadens the extant analytical framework by exploring how syndics contribute to corporate networks and how the interaction of macro, meso, and micro levels affects the evolution of syndicatures in the two countries. Finally, the detailed taxonomy of syndics offers evidence of companies’ selection strategies and the historical uses of syndicature as a governance mechanism.
Fil: Lluch, Andrea Mari. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad de los Andes; Colombia
Fil: Rinaldi, Alberto. University of Modena and Reggio Emilia; Italia
Fil: Salvaj, Erica. Universidad del Desarrollo; Chile. Universidad Torcuato Di Tella; Argentina
Fil: Vasta, Michelangelo. University of Siena; Italia
Subject
ARGENTINA
CORPORATE NETWORKS
ITALY
MACRO
MESO
MICRO LEVELS
SYNDICS
Economía, Econometría
Economía y Negocios
CIENCIAS SOCIALES
Access level
Restricted access
License
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repository
CONICET Digital (CONICET)
Institution
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identifier
oai:ri.conicet.gov.ar:11336/72104