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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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Testing the “Old Boysʼ Network”: Diversity and Board Interlocks in Scandinavia

Testing the “Old Boysʼ Network”: Diversity and Board Interlocks in Scandinavia

(p.183) 6 Testing the “Old Boysʼ Network”: Diversity and Board Interlocks in Scandinavia
The Small Worlds of Corporate Governance

Christofer Edling

Bersant Hobdari

Trond Randøy

Anna Stafsudd

Steen Thomsen

The MIT Press

This chapter examines the impact of structural breaks on the governance networks and the social structure known as an old boys’ network in Scandinavia. It outlines the corporate governance systems of Denmark, Norway, and Sweden and analyzes the relationship between board diversity and board ties among listed firms in these countries. The findings indicate that the Scandinavian countries are similar in many respects, affiliated by their strong cohesive welfare states and homogeneous egalitarian social values.

Keywords:   governance network, old boys’ network, Scandinavia, corporate governance, Denmark, Sweden, Norway, board diversity, listed firms, welfare states

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