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Above board? Interlocking directorates and corporate contagion in 1980s Australia

Claire Wright

Asia‐Pacific Economic History Review2022https://doi.org/10.1111/aehr.12251article
AJG 2ABDC B
Weight
0.47

Abstract

The 1980s were an outrageous time in Australia's business history. This paper re‐examines this era of misconduct, assessing the role of interlocking directorates for corporate governance of diversified business groups. Professional interlocked executives —those with professional training, executive status and mobility between member firms—enabled the takeover culture of the time, and allowed managers to ignore promised strategic benefits and redirect associated firms towards speculative share ownership. These results demonstrate the importance of board independence for corporate governance, and the way that expertise has been weaponised within managerial capitalism to encourage trust in risky and exploitative corporate structures.

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https://doi.org/https://doi.org/10.1111/aehr.12251

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@article{claire2022,
  title        = {{Above board? Interlocking directorates and corporate contagion in 1980s Australia}},
  author       = {Claire Wright},
  journal      = {Asia‐Pacific Economic History Review},
  year         = {2022},
  doi          = {https://doi.org/https://doi.org/10.1111/aehr.12251},
}

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Above board? Interlocking directorates and corporate contagion in 1980s Australia

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Evidence weight

0.47

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.32 × 0.4 = 0.13
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.