The global corporate elite after the financial crisis: evidence from the transnational network of interlocking directorates

What impact did the recent financial crisis have on the corporate elite's international network? Has corporate governance taken on an essentially national structure or have transnational networks remained robust? We investigate this issue by comparing the networks of interlocking directorates among the 176 largest corporations in the world economy in 1976, 1996, 2006 and 2013. We find that corporate elites have not retrenched into their national business communities: the transnational network increased in relative importance and remained largely intact during the crisis lasting from 2006 to 2013. However, this network does not depend – as it used to do – on a small number of big linkers but on a growing number of single linkers. The network has become less hierarchical. As a group, the corporate elite has become more transnational in character. We see this as indicative of a recomposition of the corporate elite from a national to a transnational orientation.     

The social field of the European corporate elite: a network analysis of interlocking directorates among Europe's largest corporate boards

In this article I investigate the emerging patterns of the European corporate elite network as an example of a European social field, as described by Fligstein. The findings confirm that interlocking directorates form a European corporate network. However, the intercorporate network rests on a very small group of European corporate elite members: it remains the playground of a select few pan‐European ‘big linkers’. Although financial institutions and bankers appear in the upper echelons of the network, they do not occupy crucial positions. Rather, (former) CEOs of Europe's largest big non‐financial businesses knit together the network of interlocking directorates. The network rests on a coalescence of finance and industry, rather than on the dominance of the one over the other. Although the project of European unification has been quite successful in organizing the formal institutional structures, it has not yet led to reproduction of a European business community reminiscent of the national communities.     

‘Brain circulation’ and transnational knowledge networks: studying long‐term effects of academic mobility to Germany, 1954–2000

‘Brain circulation’ has become a buzzword for describing the increasingly networked character of highly skilled migration. In this article, the concept is linked to academics' work on circular mobility to explore the long‐term effects of their research stays in Germany during the second half of the twentieth century. Based on original survey data on more than 1800 former visiting academics from 93 countries, it is argued that this type of brain circulation launched a cumulative process of subsequent academic mobility and collaboration that contributed significantly to the reintegration of Germany into the international scientific community after the Second World War and enabled the country's rise to the most important source for international co‐authors of US scientists and engineers in the twenty‐first century. In this article I discuss regional and disciplinary specificities in the formation of transnational knowledge networks through circulating academics and suggest that the long‐term effects can be fruitfully conceptualized as accumulation processes in ‘centres of calculation’.