Business, College of

 

Date of this Version

September 2002

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Published in the Journal of Economic Issues Volume XXXVI, No. 3, September 2002. Copyright © 2002, Journal of Economic Issues. Used by permission.

Abstract

The purpose here is the explanation of five related concerns. First, we explain a new method to analyze and measure the network of interlocks among the directors of different corporations. Second, we use the method articulated is used to analyze and describe the network that forms the corporate power structure in which the Central Interstate Low-Level Radioactive Waste Compact (CIC) is enmeshed. We have been greatly surprised by the findings because the literature surveyed concerning corporate director overlaps does not contain any examples of such a dense and extensive network of corporate connections as exist in the CIC. Third, from the empirical base generated for the CIC, we select the most dominant corporations. Fourth, we provide a literature review that is related to the new method utilized. As scientists emphasize, context is imperative for defining what is to be considered and interpreted. Thus, in order to make the literature review more meaningful, it is necessary to gain an understanding of the new methodology and its application before the literature review is presented. A new research and measurement context needs to be demonstrated before we can know what past research base is relevant. Since it is important both to relate past research to the methods used here and to suggest future research, the review is presented after the CIC empirical base is derived and before the presentation of the fifth concern, which is an explanation of suggested future research.

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