The financial crisis of 2008 laid bare the hidden network of relationships in
corporate governance: who owes what to whom, who will stand by whom in times of
crisis, what governs the provision of credit when no one seems to have credit.
This book maps the influence of these types of economic and social networks--
communities of agents (people or firms) and the ties among them--on corporate
behavior and governance. The empirically rich studies in the book are largely
concerned with mechanisms for the emergence of governance networks rather than
with what determines the best outcomes. The chapters identify ¿structural
breaks¿--privatization, for example, or globalization--and assess why powerful
actors across countries behaved similarly or differently in terms of network
properties and corporate governance.
