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The Small Worlds of Corporate Governance$
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Bruce Kogut

Print publication date: 2012

Print ISBN-13: 9780262017275

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262017275.001.0001

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Ownership Networks and New Institutional Forms in the Transition from Communism to Capitalism

Ownership Networks and New Institutional Forms in the Transition from Communism to Capitalism

Chapter:
(p.117) 4 Ownership Networks and New Institutional Forms in the Transition from Communism to Capitalism
Source:
The Small Worlds of Corporate Governance
Author(s):

Doug Guthrie

Ilya Okhmatovskiy

Roger Schoenman

Zhixing Xiao

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262017275.003.0108

This chapter examines business ownership networks and new institutional forms in former socialist countries including Bulgaria, China, Poland, Romania, and Russia. It analyzes cross-ownership patterns among the largest firms in these countries and identifies the institutional changes that may help explain the evolution of small-world characteristics. The analysis indicates that states that have engaged in economic liberalization without privatization have developed the most pronounced small worlds while states that have not liberalized or privatized have not developed a small-world system.

Keywords:   ownership networks, institutional changes, socialist countries, small worlds, economic liberalization, privatization

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