We utilize network analysis to evaluate the relationship between firms' characteristics and board of director networks. In a sample of 20 largest firms by market value from the energy and the utility industrials, 10 from each sector, we cluster the firms by their firm-level characteristics, as...

The theoretical predictions about the net impact of board network on firm performance are ambiguous and the issue becomes even more complex in emerging economies characterized by concentrated ownership structure and dominated by business group firms. This paper empirically analyzes the effect of...