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| Author: | Davis, G. F. Mizruchi, M. S. |
| Title: | The money center cannot hold commercial banks in the U.S. system of corporate governance |
| Journal: | Administrative Science Quarterly
1999 : JUN, VOL. 44:2, p. 215-239 |
| Index terms: | Banks Corporate governance Executives USA |
| Freeterms: | Boards of directors |
| Language: | eng |
| Abstract: | This paper examines how the place of banks in the intercorporate network has changed as a result of their decreasing role as financial intermediaries in the U.S. economy. An analysis of comprehensive data on the boards of the 50 largest banks and their connections with the several hundred largest nonbank corporations from 1982 to 1994 shows that the centrality of banks has significantly declined as executives of major corporations, particularly those representing central firms, joined bank boards at a substantially lower rate. |
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