Horizontal shareholding interlocks

D Flath - Managerial and Decision Economics, 1992 - Wiley Online Library
… limit direct shareholding in rivals. Empirical examples of horizontal share interlocks do exist
… , are groups of major firms linked by extensive share interlocks. In a few cases these share …

Cartelizing effects of horizontal shareholding interlocks

U Merlone - Managerial and Decision Economics, 2001 - Wiley Online Library
… then horizontal shareholding interlocks constitute a way to increase concentration. In the
section entitled ‘Multiproduct monopoly’ we consider the case of a monopolist which produces …

Vertical integration by means of shareholding interlocks

D Flath - International Journal of Industrial Organization, 1989 - Elsevier
… Here, suppose that there is no horizontal cross-shareholding… conjecture that vertical
shareholding interlocks tend to induce … final price Cjust as horizontal shareholding induces …

Horizontal shareholding

E Elhauge - Harv. L. Rev., 2015 - HeinOnline
… The basic anticompetitive effects arise from the fact that interlocking shareholdings diminish
each individual firm's incentives to cut prices or expand output by increasing the costs of …

Vertical interlock and the value of cash holdings

X Chen, C Yang - Accounting & Finance, 2021 - Wiley Online Library
… The structure is generally horizontally organised in many mature markets. … , vertical interlock
will further increase agency costs between majority shareholders and minority shareholders

Common shareholders and interlocking directors: The relation between two corporate networks

J Azar - Journal of Competition Law & Economics, 2022 - academic.oup.com
… This paper studies the empirical relationship between common ownership and interlocking
directorships. I estimate a gravity equation model for the probability that a pair of firms will …

Interlocking directorates in the European Union: An argument for their restriction

V Petersen - European Business Law Review, 2016 - kluwerlawonline.com
… EU should prohibit horizontal interlocks (interlocks between … The paper further argues that
non-horizontal interlocks … (OECD) addressed both interlocks and minority shareholding as …

Interlocking directorships and cross-shareholdings among Italian blue chips

C Drago, S Manestra, P Santella - European Business Organization …, 2011 - cambridge.org
shareholdings and board interlocks in Italy which finds possible evidence of enlarged collusion,
that is, collusion established through board interlocks … of interlocking directorates among …

An institutional contingency perspective of interlocking directorates

R Caiazza, AA Cannella Jr, PH Phan… - International Journal of …, 2019 - Wiley Online Library
horizontal interlocks would differ from vertical interlocks, given that cartels are generally
disfavored, even though horizontal interlocks … an interlocked director, family shareholders tend to …

Interlocking Directorates, Competition, and Innovation

R Poberejsky - Competition, and Innovation (August 05, 2024), 2024 - papers.ssrn.com
… Using data on patenting, I show that horizontal interlocks help firms maintain distance in the
… In order to align incentives with shareholders and ensure they act according to their long run …