Abstract: Reinterpreting corporate change in Latin America from a social network perspective: Argentina and Chile, 1901-2000

Andrea Lluch, Erica Salvaj

Abstract

Interlocking directorates can play important roles for the organization of business, as well as the structuring of economic power. Our research analyzes the historical embeddedness of board interlocks and transformations in their significance and structure over time in two countries of South America. Specifically, this paper applies a comparative perspective to study on aspects that fueled the reconfiguration of board interlocks in Argentina and Chile throughout the 20th century. This comparison is particularly interesting since corporate networks in Argentina and Chile has faced sharply contrasting trajectories. During 1901–2010, Argentina board ties evolved into highly fragmented and uncoordinated networks, meanwhile Chile has a historical path of integration during the whole period under analysis; with the exception of 1988 were the network exhibits a higher value of fragmentation. Methodologically, the paper combines historical research and quantitative analysis to describe the evolution of interlocking directorates. We used social network analysis (SNA) to calculate different measures of the IDs and for describing the topology of both corporate networks.