Korean Management Science Review (경영과학)

The Korean Operations Research and Management Science Society (한국경영과학회)
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A Study on Applying Social Network Centrality Metrics to the Ownership Networks of Large Business Groups

사회네트워크 중심성 지표를 이용한 기업집단 소유네트워크 분석

  • 박찬규 (동국대학교 경영대학 경영학부)
  • Received : 2015.03.02
  • Accepted : 2015.05.19
  • Published : 2015.06.30
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Abstract

Large business groups typically have central firms through which their controlling families establish (or acquire) new firms and maintain control over other member firms. Research on corporate governance has developed metrics to identify those central firms and investigated an impact of the centrality on ownership structure and firm's financial performance. This paper introduces centrality metrics used in social network analysis (SNA) to measure how crucial a role each firm plays in the ownership structure of its business group. Then, the SNA centrality metrics are compared with the metrics developed in corporate governance field. Also, we test the relationship between the SNA centrality metrics and firm's value. Experimental results show that the SNA centrality metrics are closely correlated with the centrality metrics used in corporate governance and are significantly correlated with firm's value.

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References

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