1. Are Latin America's corporate elites transnationally interconnected? A network analysis of interlocking directorates.
- Author
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CÁRDENAS, JULIÁN
- Subjects
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ECONOMIC elites , *INTERNATIONAL business enterprises , *INTERLOCKING directorates , *POLITICAL integration , *FOREIGN investments , *BUSINESS enterprises - Abstract
Conflicting perspectives appear when thinking about the emergence of a cohesive transnational corporate network in Latin America. On the one hand, regional political integration, foreign investment growth, increased cross-border mergers and acquisitions, and cultural and linguistic homogeneity may have fostered transnational networks among Latin America's corporate elites. On the other hand, domestic-based business groups, family control and trade orientation to the USA may have hindered the emergence of a cohesive transnational corporate network in Latin America. Based on a network analysis of interlocking directorates among the 300 largest corporations in Latin America, I ask whether the region's corporate elites interconnect at the transnational level and form a cohesive transnational corporate network. I found few transnational interlocks, a lack of cohesion in the transnational corporate network and no regional leaders. Corporate elites in Latin America are not transnationally interconnected and so a cohesive transnational corporate network has not emerged. I discuss implications and avenues of future research. [ABSTRACT FROM AUTHOR]
- Published
- 2015
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