Ronald S. Burt, Kenneth P. Christman, Harold C. Kilburn, Jr., Testing a Structural Theory of Corporate Cooptation: Interorganizational Directorate Ties as a Strategy for Avoiding Market Constraints on Profits, American Sociological Review, Vol. 45, No. 5 (Oct., 1980), pp. 821-841
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Burt et al. (1980) studied this question.
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