Duality of Firms and Individuals
in Corporate Networks
Diliara Valeeva
KU Leuven
University of Amsterdam
Mitchell Center for Network Analysis | University of Manchester | 18 Nov 2020
Board interlock
Takes, F.W. & Heemskerk, E.M. Soc. Netw. Anal. Min. (2016) 6: 97. https://doi.org/10.1007/s13278-016-0402-5
“Interlocks occur between organizations,
but they are created by individuals”
(Mizruchi 1996: 277)
1-mode
2-mode
2
FIRMS
A
B
2
INDIVIDUALS
X
Y
FIRMS
INDIVIDUALS
A
B
Y
X
How do board interlock ties form?
Valeeva, D., Heemskerk, E. M., & Takes, F. W. (2020). The duality of firms and directors in board interlock networks:
A relational event modeling approach. Social Networks, 62, 68-79.
Open access: https://bit.ly/2HeF9s6
Broken ties argument
A
B
FIRMS
fast tie reconstruction
slow tie reconstruction
firms matter more
individuals matter more
"Duality of persons and groups"
Breiger (1974)
1-mode
2-mode
2
FIRMS
A
B
2
INDIVIDUALS
X
Y
FIRMS
INDIVIDUALS
A
B
Y
X
Strategies to form ties
(1) reinforcement
(2) expansion
X
X
Y
Z
X
Y
Z
Problem
reinforcement
expansion
one-mode FIRMS
one-mode INDIVIDUALS
two-mode
FIRMS and INDIVIDUALS
Data and Methods
- Denmark
- 1994-2014
- 3,304 firms
- 10,377 individuals
- 14,893 board appointments
- Relational Event Modeling
Hypotheses
Predictors of new ties
- Popularity of directors
- Six-cycles
- Danish and male directors
- Banks and financial firms
Conclusions
- Complementary rather than conflicting interests of firms and individuals
- Duality of agents is typical for social systems and should not be ignored
Other projects
Diliara Valeeva
@diliara_valeeva
dlliara.valeeva.com
CORPNET
@uvaCORPNET
corpnet.uva.nl
Duality of firms and individuals in corporate networks
By Diliara Valeeva
Duality of firms and individuals in corporate networks
Presentation for the Mitchell Centre for Social Network Analysis (University of Manchester). Presentation of the ''The duality of firms and directors in board interlock networks: A relational event modeling approach" (2020) paper. URL open access: https://bit.ly/2HeF9s6
