Firm performance in networks: The interplay between firm centrality and corporate group size

Corporate groups or networks, which are defined as collections of two more legally independent firms connected through ownership ties, prevalent in both developed and developing countries. The separate effects firm centrality corporate group size on performance have been largely discussed the literature. However, effect their interaction remains underexplored. This paper attempts to fill gap by introducing a new normalized measure size. Our empirical analysis is based set global networks encompassing 17.8 million ties between them extracted from ORBIS database 2014. We further investigate above gathering financial information 483,835 Italian AIDA 2014 2016. find positive relationship performance, but significance decreases increases.