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Full-Text Articles in Business Law, Public Responsibility, and Ethics
Board Interlocking In Chilean Corporations: An Exploratory Research, Alfredo Enrione, Carmelo Mazza, Fernando Zerboni
Board Interlocking In Chilean Corporations: An Exploratory Research, Alfredo Enrione, Carmelo Mazza, Fernando Zerboni
Alfredo Enrione
No abstract provided.
Board Interlocking Strategies In Emerging Markets: The Case Of Chile, Alfredo Enrione, Fernanzdo Zerboni
Board Interlocking Strategies In Emerging Markets: The Case Of Chile, Alfredo Enrione, Fernanzdo Zerboni
Alfredo Enrione
Interlocking directorates is a widely studied, applied measure of governance practice. Most of the research has been limited to data from developed countries and studies interlocking as an explanatory variable of other governance constructs. This work conceptualizes interlocking as a rational decision of the owner/controller of a company, as a dependent variable of board’s design, and applies the concepts in an emerging market business environment. We found significant associations between interlocking and firm characteristics such as ownership structure, industry and regulation. We finally draw some conclusions on the direct application of corporate governance theories in developing countries.