Decline of the Corporate Community

Network Dynamics of the Dutch Business Elite

Eelke M. Heemskerk

Decline of the Corporate Community
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Eelke M. Heemskerk

Distributed for Amsterdam University Press

256 pages | 6-1/3 x 9-1/2
Paper $49.50 ISBN: 9789053569733 Published September 2007 For sale only in the United States, its dependencies, the Philippines, and Canada
Traditionally, much of big business in the industrialized Western world has been organized around particular corporate societies—notoriously referred to as “old boy” networks. With the recent drift toward a more liberal market economy, however, these networks have been showing signs of decline—in some cases, all but disappearing. Eelke M. Heemskerk combines formal network analysis and interviews with key members of the corporate elite in order to examine how this decline has affected Dutch capitalism. Even in a liberal market economy, however, corporate directors need social networks to communicate and coordinate their strategic decisions, and Decline of the Corporate Community considers the shift of the corporate elite to the new private and informal circles where networking takes place.
1. Corporate Communities, Governance and Control
Corporate Power and the Corporate Elite
Research Questions
Corporate Governance and Corporate Control
Coordination and Competition
Networks as Institutions
The Social Organisation of Corporate Governance
The Transformation of the Business System
Informal Institutions and Change
2. Decline of the Corporate Network
Corporate Networks and Corporate Regimes
The Dutch Corporate Regime
Governance in the Financial Sector
Ownership and Control in the Netherlands
Network Analysis of Interlocking Directorates
Disintegration of the Corporate Network
Centrality of Firms
Corporate Boards
Multiple Board Interlocks
Executive and Supervisory Interlocks
The Loss of Bank Centrality
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