Board interlocking network and the design of executive compensation packages

Wong, Ling Heng; Gygax, André F.; Wang, Peng

doi:10.1016/j.socnet.2014.12.002

Cited by 47 publications

(13 citation statements)

References 99 publications

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“…The results suggests that, in Brazil, BI measured by the systematics of corporate social networks, as applied by previous research (Chiu et al, 2013, Connelly & Slyke, 2012, Cunha & Piccoli, 2017, Elouaer-Mrizak & Chaand, 2013Fan, Guan, Li, & Yang, 2014;Ribeiro & Colauto, 2016;Santos et al, 2012;Wong et al, 2015) may not have captured the underlying interest of the links to the organizations' strategies, monitoring, and performance.…”

Section: Discussionmentioning

confidence: 70%

“…BI research has advanced regarding the way this phenomenon affects businesses. Some examples are the studies relating BI to executive compensation (Wong, Gygax & Wang, 2015), corporate performance (Camilo et al, 2012), investment options, mergers and strategic decisions (Bizjak et al, 2009), earnings smoothing (Ribeiro & Colauto, 2016) and earnings management practices (Chiu, Teoh, & Tian, 2013). However, there are still research gaps resulting from studies that fail in specifying the elements within the BI and considering the nature and behavioral processes of the connected individuals (Gulati & Westphal, 1999).…”

Section: Introductionmentioning

confidence: 99%

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Novo olhar ao board interlocking: evidências a partir das redes sociais corporativas

Magro

Klann

2020

Rev. Adm. Pública

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Th e study aims to evaluate the interconnection structures by members of the Board of Directors with political and fi nancial expertise of companies listed in the Brazilian stock market B3. Th e sample consisted of 2,474 observations in the period from 2010 to 2015. It is suggested by the Agency Th eory that board interlocking (BI) for fi nancial expertise can help in corporate monitoring and mitigates the agency's confl icts. On the other hand, BI by political expertise can maximize opportunistic behavior. In the view of Resource Dependency Th eory, BI for fi nancial expertise can assist companies in attracting fi nancial resources, while BI for policy expertise can maximize results through more lucrative contracts and advantages off ered by policymakers. It is concluded that the systematization of BI by diff erent expertise can be used in future research to explain corporate strategies, decisions, and phenomena, as well as to evaluate the causes and eff ects of such structures in the management of organizations.

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Section: Discussionmentioning

confidence: 70%

Section: Introductionmentioning

confidence: 99%

Novo olhar ao board interlocking: evidências a partir das redes sociais corporativas

Magro

Klann

2020

Rev. Adm. Pública

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“…In Models (6) and 7, we continue to add moderator variables based on Model (5) to test the impact of political connections on the relationship between ownership concentration and corporate donation.…”

Section: The Empirical Model Of Network Effect On Firm Levelmentioning

confidence: 99%

“…Over the past several decades, an increasing amount of literature has focused on the influence of networks on corporate operations. Social networks have been used to explain a wide range of outcomes, including performance [1][2][3][4], firm policies [5][6][7], executive compensation [8], knowledge sharing [9,10], innovation [11], and ethical behavior [8,12]. Many scholars have studied the role of corporate philanthropy, an important aspect of a company's strategic decisions, on the enterprise itself and on society.…”

Section: Introductionmentioning

confidence: 99%

Diffusion of Corporate Philanthropy in Social and Political Network Environments: Evidence from China

Chu

et al. 2018

Sustainability

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Based on the strong influence social networks have on managerial decision-making, as an important aspect of the strategic decision of the company, it is necessary to study how corporate social responsibility (CSR) actions could be affected by social networks. An analysis of 1725 Chinese listed firms and 40,484 executives from 2010 to 2014 showed that corporate philanthropy behavior will diffuse in social networks; more concretely, the higher the degree of social network centrality, the higher the enterprise's donation level. Furthermore, the results also show that the role of social network centrality on corporate donation levels can be moderated by political connections. This study offers empirical evidence for developing a theoretical framework of CSR interaction and communication relevant to social networks, and offers insights into corporate philanthropy behavior based on social networks.

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“…Since the introduction of the ERG models, a variety of network Hamiltonians have been studied, which include models of random network [1], reciprocity model of directed network [1], the two star model of network [5,6], and the Strauss model of network with clustering [7,8]. Far more complex Hamiltonians that include endogenous as well as exogenous observables of the network, has also been studied in the social network literature [9,10,11]. Moreover, there are many tools such as ERGM [12] and SIENA [13] packages to fit ERG model with social data.…”

Section: Introductionmentioning

confidence: 99%

Exponential random graph models for the Japanese bipartite network of banks and firms

et al. 2019

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We use the exponential random graph models to understand the network structure and its generative process for the Japanese bipartite network of banks and firms. One of the well known and simple model of exponential random graph is the Bernoulli model which shows the links in the bank-firm network are not independent from each other. Another popular exponential random graph model, the two star model, indicates that the bank-firms are in a state where macroscopic variables of the system can show large fluctuations. Moreover, the presence of high fluctuations reflect a fragile nature of the bank-firm network.We show the phase diagram of the model in (B − J) plane in Fig. 3. It has three distinct regions -high density, low density and co-existence phase. Our

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Board interlocking network and the design of executive compensation packages

Cited by 47 publications

References 99 publications

Novo olhar ao board interlocking: evidências a partir das redes sociais corporativas

Novo olhar ao board interlocking: evidências a partir das redes sociais corporativas

Diffusion of Corporate Philanthropy in Social and Political Network Environments: Evidence from China

Exponential random graph models for the Japanese bipartite network of banks and firms

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