Corporate governance and networks
Subtitle: bankers in the corporate networks of Brazil, Mexico, and the United States circa 1910
By: Aldo Musacchio
Contributors: Harvard Business School. Division of Research
Series: Working paper / Division of Research, Harvard Business School -- 07-008; Working paper (Harvard Business School. Division of Research) -- 07-008
Publisher: Division of Research, Harvard Business School
Published: 2006
Place of publication: Boston]
Language: eng
Number of pages: 41
Subjects: Banks and banking; History; Corporate governance
Description: How does the development of financial markets change the interaction between banks and corporations? This paper compares the importance of interlocking boards of directors between corporations and banks in Brazil, Mexico and the United States circa 1909. The hypothesis tested is that the development of financial markets and the institutions that accompany it (e.g. financial disclosure rules, investor protections, etc) allows corporations to rely less on connections to banks.
Notes: Includes bibliographical references.