Corporate Power and Networks

Period: 2015-2019

Who controls global corporate capital, and through which ownership pathways does that control travel across jurisdictions?

This line built large-scale maps of corporate ownership and board structures to identify concentration, transnational control, and the role of intermediary jurisdictions in shaping economic and political power.

Selected Publications

1. Uncovering offshore financial centers: Conduits and sinks in the global corporate ownership network

   J Garcia-Bernardo, J Fichtner, FW Takes, EM Heemskerk (2017). Scientific Reports.

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2. Hidden power of the Big Three? Passive index funds, re-concentration of corporate ownership, and new financial risk

   J Fichtner, EM Heemskerk, J Garcia-Bernardo (2017). Business and Politics.

3. The promise and perils of using big data in the study of corporate networks: Problems, diagnostics and fixes

   EM Heemskerk, FW Takes, B Cronin, J Garcia-Bernardo (2018). Global Networks.

4. The rise of transnational state capital: state-led foreign investment in the 21st century

   M Babić, J Garcia-Bernardo, EM Heemskerk (2020). Review of International Political Economy.

5. Competing for capitals: the great fragmentation of the firm and varieties of FDI attraction profiles in the European Union

   A Reurink, J Garcia-Bernardo (2021). Review of International Political Economy.

6. Where is the global corporate elite? A large-scale network study of local and nonlocal interlocking directorates

   EM Heemskerk, FW Takes, J Garcia-Bernardo, MJ Huijzer (2016). arXiv preprint.

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7. The effects of data quality on the analysis of corporate board interlock networks

   J Garcia-Bernardo, FW Takes (2018). Information Systems.

8. Does it pay to be a multinational? A large-sample, cross-national replication assessing the multinationality-performance relationship

   N Pisani, J Garcia-Bernardo, et al. (2020). Strategic Management Journal.

9. Institutional shareholding, common ownership and productivity: A cross-country analysis

   M Bas, L Demmou, J Garcia-Bernardo (2023). OECD Observer.

10. How does business power operate? A framework for its working mechanisms

    M Babić, J Huijzer, J Garcia-Bernardo, D Valeeva (2022). Business and Politics.

11. Proximity at a distance: The relationship between foreign subsidiary co-location and MNC headquarters board interlock formation

    F De Beule, S Elia, J Garcia-Bernardo, EM Heemskerk, et al. (2022). International Business Review.

12. States versus Corporations: Rethinking the Power of Business in International Politics

    M Babić, J Fichtner, EM Heemskerk (2017). The International Spectator.