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1、AComparativeAnalysisontheRegionalCorporateNetworkofInterlockingDirectorshipinShanghaiandGuangdongRenBingTheChineseUniversityofHongKongTel:022-23618949renbing@cuhk.edu.hkKevinY.AuTheChineseUniversityofHongKongHongKong,Shatin,N.TTel:00852-26097802Fax:0
2、0852-26035104kevin@msmail.baf.cuhk.edu.hk2004-MayAcknowledgement:TheauthorthanksProf.MikePenginOhioStateUniversity,Prof.LuyuanandWeiLiqunintheChineseUniversityofHongKongfortheirvaluablecommentsandsuggestions.1AComparativeAnalysisontheRegionalCorporat
3、eNetworkofInterlockingDirectorshipinShanghaiandGuangdongAbstractStructuralaspectsofcorporatenetworkshavebeenrarelyexploredinChina.Thisarticleaimstohelpfillthisgapbyfocusingoninterlockingdirectorates,akeystructuralaspectofcorporatenetworks.Specificall
4、y,fromasocialembeddednessperspective,wedescribetheregionalcorporatenetworkpatternofinterlockingdirectoratesinShanghaiandGuangdong,andanalyzetherelationshipsbetweenthenetworksofdirectorshipinterlocks,firmbehavior,andregionaleconomicgrowth.Wefindthatfi
5、rmsinShanghaiareembeddedwithinacohesiveandlarge-component-basedcorporatenetwork,whereasfirmsinGuangdongareembeddedwithinasporadicandsmall-component-basedcorporatenetwork.WearguethattheeconomicdevelopmentofShanghaimaybehighlycorrelatedwithitscorporate
6、networkstructureofinterlockingdirectorates,whichfacilitatesfirms’understandingoftheenvironment,enhancesinter-firmresourceacquisitionandinter-firmcoordinationandcontrol.ForGuangdong,wesuggestthatfirmsmayacquireresources,coordinateinter-firmrelationshi
7、ps,andeludeenvironmentaluncertaintyprimarilythroughmarketmechanismsasopposedtonetworkmechanisms.Implicationsofthesefindingsforfutureresearcharediscussed.Keywords:InterlockingdirectoratesRegionalCorporatenetworkShanghaiGuangdong2AComparativeAnalysison
8、theRegionalCorporateNetworkofInterlockingDirectorshipinShanghaiandGuangdong1.IntroductionStructuralanalysisoncorporatenetworkamongChinesefirmsisstilllackingintheliterature.OnthefoundationofRen,AuandLin(2001),thispaperprovidesatentativeempiricalanalys