Structural Breaks and Governance Networks in Western Europe
Structural Breaks and Governance Networks in Western Europe
This chapter examines the impact of two structural breaks related to the economic liberalization and integration of European markets, privatizations, and governance reforms on corporate networks, a major aspect of corporate governance regimes. It analyzes the evolution of corporate networks in Germany, the Netherlands, Switzerland, France, Italy, and Spain and compares their ownership and interlock networks during the early 1990s and early 2000s. The analysis indicates that the small-world coefficients of these countries became more similar in the 2000s compared to the 1990s.
Keywords: economic liberalization, economic integration, European markets, privatizations, governance reforms, corporate networks, corporate governance, small-world coefficients
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