The network of global corporate control.

The network of global corporate control.

The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture o...

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Main Authors: Stefania Vitali, James B Glattfelder, Stefano Battiston
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2011-01-01
Series:PLoS ONE
Online Access:http://europepmc.org/articles/PMC3202517?pdf=render
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spelling doaj-b629f6febddf4739904a126d4edf96e52020-11-25T02:27:28ZengPublic Library of Science (PLoS)PLoS ONE1932-62032011-01-01610e2599510.1371/journal.pone.0025995The network of global corporate control.Stefania VitaliJames B GlattfelderStefano BattistonThe structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We find that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic "super-entity" that raises new important issues both for researchers and policy makers.http://europepmc.org/articles/PMC3202517?pdf=render
collection DOAJ
language English
format Article
sources DOAJ
author Stefania Vitali
James B Glattfelder
Stefano Battiston
spellingShingle Stefania Vitali
James B Glattfelder
Stefano Battiston
The network of global corporate control.
PLoS ONE
author_facet Stefania Vitali
James B Glattfelder
Stefano Battiston
author_sort Stefania Vitali
title The network of global corporate control.
title_short The network of global corporate control.
title_full The network of global corporate control.
title_fullStr The network of global corporate control.
title_full_unstemmed The network of global corporate control.
title_sort network of global corporate control.
publisher Public Library of Science (PLoS)
series PLoS ONE
issn 1932-6203
publishDate 2011-01-01
description The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We find that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic "super-entity" that raises new important issues both for researchers and policy makers.
url http://europepmc.org/articles/PMC3202517?pdf=render
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