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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Bibliographic Details
Published in:PloS one 2011-10, Vol.6 (10), p.e25995-e25995
Main Authors: Vitali, Stefania, Glattfelder, James B, Battiston, Stefano
Format: Article
Language:English
Subjects:
Antitrust
Commerce
Control stability
Corporate structure
Derivatives
Economic models
Financial Management
Global marketing
Income distribution
Institutions
International conferences
Internationality
Investments
Mathematics
Multinational corporations
Physics
Professional Corporations
Risk sharing
Shareholder meetings
Social and Behavioral Sciences
Social Control Policies
Stockholders
Systems design
Voting rights
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Summary: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.
ISSN:1932-6203
1932-6203
DOI:10.1371/journal.pone.0025995