HackerPapers

arXiv:1107.5728q-fin.GN

The network of global corporate control

Stefania Vitali, James B. Glattfelder, Stefano Battiston

Abstract

The structure of the control network of transnational corporations affects global market competition and financial stability. So far, only small national samples were studied and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. We find that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic "super-entity" that raises new important issues both for researchers and policy makers.

arXiv comments
Main Text (10 pages, 3 figures and 1 table) and Supporting Information (26 pages, 7 figures and 4 tables), 2nd version (with minor comments, typos removed, detailed acknowledgement, better referencing of Supporting Information)
Journal reference
PLoS ONE 6(10), e25995 (2011)
DOI
doi:10.1371/journal.pone.0025995
Subjects
q-fin.GNGeneral Finance cs.SISocial and Information Networks physics.soc-phPhysics and Society

On Hacker News

Linked by 3 identifiable commenters in 6 comments across 6 threads, from Feb 2013 to May 2023. Found in 1 HN submission from Aug 2011 to Aug 2011. Open submission discussions.

Comments linking this paper, per year.

Discussed in comments6 threads

  1. I criticized Amazon’s policies in a blog – their lawyers have subpoenaed me 1 comment

    • That's because globalization leads to single company doing everything. Think WALL-E's Buy-N-Large [0]. In fact, nowadays just - 62 persons own the same as half the world [1], - 5 companies own all media in US (it was 50 companies 40 years ago) [2] - 147 companies own 40% of…

      myshpaView on HNParent context

  2. CIA malware and hacking tools 1 comment

    • "surely you have something you can include to convince us?" Perhaps, but it's not an easy subject to breach at all, but I appreciate your honest question and will attempt a terse summary. During both my time in the military as a pawn, and during my time as a civilian trying to…

      arca_voragoView on HNParent context

  3. The Secret of Billions 1 comment

    • You know what really grinds my gears when it comes to insider trading though? The fact that the really big names are most obviously participating in insider trading, but it's illegal for everyone else. Don't even get me started on congress and insider trading, but I digress. The…

      arca_voragoView on HNParent context

  4. US Navy Soliciting Zero Days 1 comment

    • I hesitated to respond because honestly, it's a dangerous question you are asking, and a truthful answer in the wrong place or time can be social and political suicide. I understand your view, and generally agree with your primary point that it's not a single overarching group…

      arca_voragoView on HNParent context

  5. XKeyscore: NSA program collects 'nearly everything a user does on the internet' 1 comment

    • I hope I am not responding to too many people and seeming spammy, but here goes. I agree completely that we do not necessarily need to posit and organized "Illuminati-like conspiracy" to have cause for concern. There are plenty of studies showing increasing likely-hood of…

      arca_voragoView on HNParent context

  6. TED Talks - James B. Glattfelder: Who controls the world? [video] 1 comment

    • The original paper: http://arxiv.org/abs/1107.5728 The "737" companies: http://ethz.focproject.net/docs/powerholderListFinal.xls

      druckenView on HNParent context

Submitted to Hacker News

Connected through shared HN threads, not inferred similarity or a recommendation.