ISSN: 1648 - 4460

International Journal of Scholarly Papers


Transformations  in
Business & Economics

Transformations in
Business & Economics

  • © Vilnius University, 2002-2012
  • © Brno University of Technology, 2002-2012
  • © University of Latvia, 2002-2012
Kuriame Lietuvos ateitį
The Convergence between Continental and Anglo-Saxon Models of Governance: The Role of Banks in Spain and the United Kingdom
David Blanco Alcantara, Oscar Lopez-de-Foronda, M. Elena Romero-Merino

ABSTRACT. This study tests the thesis of convergence between the Continental European model and the Anglo-Saxon one. To do so, we use the social network analysis to conduct a comparative study between the networks formed by firms listed on the IGBM index in Spain, and those listed on the FTSE 100 index in the United Kingdom, both in 2009. Our results support the convergence hypothesis as we find that financial corporations have disappeared from the central positions of Spanish networks of firms, and the number of privatized firms in central positions of the networks is similar to the British case.

KEYWORDS: board of directors, corporate networks, law and finance, director interlocks, Spain, United Kingdom.

JEL classification: G30, G34, M10.

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Scholarly papers Transformations in Business & Economics
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