corporate governance, corporate governance and corruption, multinational & corporate governance the network of global corporate control, global corporate control, complex socio-economic systems, ownership networks, large networks, recursive search, analyzed ownership networks, economic networks, large control networks, nancial network
Transnational corporations form a giant bow-tie structure and that a large portion of control ﬂows to a small tightly knit core of ﬁnancial institutions. This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers. A common intuition among scholars and in the media sees the global economy as being dominated by a handful of powerful transnational corporations (TNCs). Certainly, it is intuitive that every large corporation has a pyramid of subsidiaries below and a number of shareholders above. However, economic theory does not oﬀer models that predict how TNCs globally connect to each other.
The so-called rich club phenomenon refers to the fact that in some complex networks the nodes with the highest degree tend to be connected among each other. Being based solely on node degree, rich club indices are not suitable for ownership networks, in which indirect and weighted paths matter.
Added by Zunia on November 20, 2011
Sunday, 20 November 2011
The network of global corporate control - Zunia.org