Doctoral Dissertation Research: Corporate Board Interlocks: Information, Status, and Institutional Context

研究人员将研究公司治理是如何在结构上和制度上嵌入的，重点是董事会连锁网络，当公司董事或首席执行官坐在另一家公司的董事会时形成的组织间联系。调查人员将分析公司治理和董事会联锁如何共同发展。具体而言，他们将研究在董事联锁与公司治理共同进化中运作的四种机制的相互发生。这些机制分别是扩散机制、选择机制、内生网络机制和制度变迁机制。主要研究问题是：董事联锁如何在公司间传播治理观念？现有的治理理念如何影响新董事的选择？综合考察每一种机制，将提供一幅公司治理和董事会相互关联的整体图景。此外，该研究将为组织变革、法律环境的影响和微观-宏观层面的相互作用等问题提供相当大的理论见解。该分析将使用1998年至2006年六个时间点的董事会关系和治理规定的网络面板数据，以及最近开发的基于随机参与者的模型。更广泛的影响研究结果将推动公司治理和公司间连锁网络的理论和研究。研究结果将对研究股东价值和公司治理相关问题的学者和政策制定者产生兴趣。通过明确企业内部权力分配的机制和条件，该研究可能有助于决策者更好地设计干预措施，促进公司治理的透明度和问责制。此外，该研究首次将基于面板的网络分析技术（通过随机因素导向模型）应用于动态连锁公司董事制度的研究。数据是从公共来源收集的，分析结果将通过在线存储库提供给学术和应用研究。研究完成后，调查人员将通过大学新闻处发布新闻稿。

SES-1332034Steve McDonaldRichard BentonNorth Carolina State University The investigators will study how corporate governance is structurally and institutionally embedded, focusing on the network of board interlocks, inter-organizational ties that form when a corporate director or CEO sits on the board of another firm. The investigators will analyze how corporate governance and board interlocks co-evolve. Specifically, they will study the mutual occurrence of four mechanisms that operate in the coevolution of director interlocks and corporate governance. These mechanisms are diffusion, selection, endogenous network mechanisms, and institutional change. The major research questions are: How do director interlocks spread governance conceptions between firms? and How do existing governance conceptions influence the selection of new directors? Examining each of these mechanisms in concert will provide a holistic picture of corporate governance and board interlocks. Moreover, the study will contribute considerable theoretical insights into issues of organizational change, the effects of legal environments, and micro-macro level interactions. The analysis will use network panel data on board ties and governance provisions for six time points between 1998 and 2006 and recently developed stochastic actor based models. Broader Impacts Research findings will advance theory and research on corporate governance and interlock networks across firms. The findings will be of interest to scholars and policy makers working on issues related to shareholder value and corporate governance. By specifying the mechanisms and conditions under which firms allocate internal power, the research could potentially help policy-makers better design interventions that promote transparency and accountability in corporate governance. Further, the study offers the first application of panel-based network analytic techniques (via stochastic actor-oriented modeling) to the study of dynamic interlocking corporate directorships. The data are gathered from public sources and the analysis will be made available to the scholarly and applied research through an online repository. The investigators will issue a press-release upon research completion through the University news services office.