Who appropriates centrality rents? The role of institutions in regulating social networks in the global Islamic finance industry

Volume: 51, Issue: 5, Pages: 764 - 787
Published: Dec 19, 2018
Abstract
This study explains and tests the effects of country-level institutions on the distribution of centrality rents between two sets of actors in an interorganizational network. Building on the literature on corporate elites, we propose that a cohesive elite following organizational logics other than profit-maximization diverts centrality rents and induces costs on firms, and that macro institutions act as external governance mechanisms to shape...
Paper Details
Title
Who appropriates centrality rents? The role of institutions in regulating social networks in the global Islamic finance industry
Published Date
Dec 19, 2018
Volume
51
Issue
5
Pages
764 - 787
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