Relationship between Governing Board Interlocks and Initial Public Offerings

Author Name MATSUDA Naoko  (Fellow, RIETI) /MATSUO Yutaka  (University of Tokyo)
Creation Date/NO. April 2014 14-J-023
Research Project Economic Analysis of Entrepreneurship
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Governing board interlocks composed from bipartite networks with firms and governing board members diffuse management knowledge and information between firms. In this research, we analyzed governing board interlocks in the IT sectors empirically and reveal that interlocks with both listed firms and others firms enhance the probability of an initial public offering (IPO) of the connected firm.

The English version of this paper is 14-E-040.