Directorates as an Interorganizational Strategy: A Test of
J. Zajac, Academy of Management Journal 1988, Vol. 31, No.
This study identified
some critical assumptions underlying the view that interlocking
directorates are vehicles for intraorganizational coordination
or control and examined them in a two-stage emperical analysis
of interlocks among competing firms. The study (1) reexamined---on
a disaggregated firm-by-firm basis---data previously used
to identify interlocks between firms in the same industry
and (2) constructed a baseline for assessing the significance
of the incidence of interloking among competitors.
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