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Political facets of business networks: politics and interlocking directorates in Russia

Political facets of business networks: politics and interlocking directorates in Russia

Cronin, Bruce and Popov, Vladimir (2010) Political facets of business networks: politics and interlocking directorates in Russia. In: SUNBELT XXX Riva del Garda Fiere Congressi Riva del Garda (TN), Italy June 29 – July 4, 2010. INSNA (International Network for Social Network Analysis), Tampa, USA.

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Abstract

The relationship between business and politics is multi-dimensional. This paper focuses only an under-examined aspect of this multi-dimensional relationship – the embeddedness of interlocking directorates within political networks.
There is established theory that firms in transitional economies have more extensive networks with politicians than in developed economies to compensate for the market and institutional uncertainties (Pfeffer & Salancik, 1978). Our study develops this argument by showing that political bodies can be also interested in being involved in certain business networks to reduce what might be called political uncertainties. The validity of this argument is checked with regard to the relationship between interlocking directorates and political networks, an interaction that has not been particularly examined within the framework of resource dependency theory.
Our inquiry aims to bring an insight into this under-researched topic by examining political aspects of interlocking directorate in contemporary Russia, the country in which business and politics is especially highly interconnected. This research is based on data collected from a variety of sources, including Orbis, a comprehensive database of business information. The findings show that there are a considerable number of ties between the Russian government and director boards of largest Russian corporations, and this allows the government to exercise control over activities of these companies with certain benefits for both sides

Item Type: Conference Proceedings
Title of Proceedings: SUNBELT XXX Riva del Garda Fiere Congressi Riva del Garda (TN), Italy June 29 – July 4, 2010
Additional Information: This paper forms part of the the published proceedings from XXX International Sunbelt Social Network Conference held at Riva del Garda, Italy, June 29-July 4 2010
Uncontrolled Keywords: politics, business, Russia, Interlocking Directorate
Subjects: H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HF Commerce
Faculty / Department / Research Group: Faculty of Business > Centre for Business Network Analysis
Faculty of Business > Department of International Business & Economics
Faculty of Business > Public Services International Research Unit (PSIRU)
Related URLs:
Last Modified: 14 Oct 2016 09:14
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
URI: http://gala.gre.ac.uk/id/eprint/5320

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