title: Board networks and Russian companies performance: The results of the social network аnalysis
metadata.name: dc.contributor.author
metadata.value: Zavertiaeva, M. A.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Popova, P. A. 
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2022-08-30T09:51:01Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2022-08-30T09:51:01Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2021-09
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Zavertiaeva M. A., Popova P. A. 2021. Board networks and Russian companies performance: The results of the social network аnalysis. Russian Management Journal 19 (3): 288–314.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: https://doi.org/10.21638/spbu18.2021.302
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/37511
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Despite the importance of personal ties in the Russian economy, established by researchers, there
  is still no empirical evidence of the effect that interlocked boards of directors have on company
  performance. The paper uses the Social Network Analysis technique to provide in-depth study of a
  company’s position in a network formed by formal connections among board members. The calculated
  network metrics are used to determine their impact on the company’s financial results. Empirical
  analysis is provided using data on Russian companies whose shares are included in the Moscow
  Exchange Broad Market Index for the period from 2014 to 2018. We use return on assets (ROA)
  and Tobin’s Q as metrics of a company’s performance. The results show that a company’s position
  in the network, described by degree centrality and closeness centrality, negatively affects the company’s
  return on assets. At the same time, centrality does not affect Tobin’s Q. An analysis of the specific
  for the Russian economy features of companies revealed the peculiarities of the influence of a
  company’s position in the network on the results of companies in the energy and oil and gas industries,
  as well as companies with a share of directors with experience in government bodies.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: This work was supported by the Russian Science Foundation under Grant 18-18-00270, https://rscf.ru/
  en/project/18-18-00270/.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Russian Management Journal;Volume 19; Issue 3
metadata.lang: -
metadata.name: dc.subject
metadata.value: boards of directors
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: corporate governance
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: value
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Russian companies
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: social networks
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: multidirectorship
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Board networks and Russian companies performance: The results of the social network аnalysis
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 02.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/37511/1/02.pdf
resources.format: Adobe PDF
resources.size: 995,98 kB