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“What do interlocks do” revisited – a bibliometric analysis

Smith, Matthew; Sarabi, Yasaman


Matthew Smith

Yasaman Sarabi


It has been over 20 years since the landmark publication of Mizruchi (1996) and his examination of “what do interlocks do?”. Since then, the nature of interlocks and subsequent research on the subject has evolved. This paper aims to revisit the literature on interlocking directorates through a quantitative bibliometric analysis.

This study undertakes a bibliometric analysis of literature citing the Mizruchi (1996) to examine the state of research following up on “what do interlocks do”. This study examines 718 publications using keyword and co-word analysis, along with a thematic analysis to revisit the research that has followed Mizruchi’s topic of what do interlocks do.

This study finds that the topics of the corporate elite, capitalist economy and corporate governance have remained prominent themes in the field. Research areas that are emerging in the field of interlocking directorates include gender diversity, globalisation and advancing theoretical frameworks.

This paper provides a quantitative bibliometric analysis to revisit the extant literature on “what do interlocks do”, examining a high number of articles to identify areas which could be developed to advance research in the field.

Journal Article Type Article
Acceptance Date Oct 12, 2020
Online Publication Date Dec 2, 2020
Publication Date 2021
Deposit Date Dec 27, 2020
Publicly Available Date Jan 5, 2021
Journal Management Research Review
Print ISSN 2040-8269
Electronic ISSN 2040-8269
Publisher Emerald
Peer Reviewed Peer Reviewed
Volume 44
Issue 4
Pages 642-659
Keywords interlocking directorates; bibliometric analysis; boards of directors; literature review
Public URL


“What Do Interlocks Do” Revisited – A Bibliometric Analysis (accepted version) (1.3 Mb)

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