Persistence in corporate networks through boards of directors? A longitudinal study of interlocks in France, Germany, and the United Kingdom

This article studies, over the period 2006 to 2019, both structure and evolution of corporate networks built on shared board directors between largest listed firms three European countries: France, Germany, United Kingdom. It offers a longitudinal up-to-date analysis state links companies through examining interlocking directorates. Contrary previous studies which have emphasized decline interlocks when analyzed at director level, we observe relative stability these level with number connected remaining quite stable despite ties. As result, most central remain mainly same national international considered period. Our findings provide evidence for resource perspective: access key resources seemingly pushes continue their network participation strengthened regulations multiple seats. echoes concept weak ties Granovetter (Am J Sociol 78: 360–1380, 1973). Lastly, it is worth noting that cannot be affirmed there has been an emergence cross-national operates substitute