Company directors and economic stability

A decade-long study of 761 directors in 59 Ireland-based companies finds that the extent of company interlocking, a term used to describe a situation in which a company director sits on multiple boards, increased before and during the 2008 Irish financial crisis and peaked in 2009 before stabilizing at low levels, suggesting that company interlocking may contribute to financial instability. - Read at PNAS.org

Article #16-06295: “Interlocking directorates in Irish companies using a latent space model for bipartite networks,” by Nial Friel, Riccardo Rastelli, Jason Wyse, and Adrian E. Raftery.