HomeHome

Social Times of Network Spaces: Network Sequences and Foreign Investment in Hungary

David C. Stark; Balazs Vedres

Title:
Social Times of Network Spaces: Network Sequences and Foreign Investment in Hungary
Author(s):
Stark, David C.
Vedres, Balazs
Date:
Type:
Articles
Department(s):
Sociology
Volume:
111
Persistent URL:
Book/Journal Title:
American Journal of Sociology
Publisher:
University of Chicago Press
Abstract:
To model, from its inception, interenterprise network formation and its interaction with foreign investment across an entire epoch of rapid and profound economic transformation, the authors gathered data on the complete ownership histories of 1,696 of the largest Hungarian enterprises from 1987 to 2001. They develop a social sequence analysis to identify distinctive pathways whereby firms use network resources to buffer uncertainty, hide or restructure assets, or gain knowledge and legitimacy. During this period, networked property grew, stabilized, and involved a growing proportion of foreign capital. Cohesive networks of recombinant property were robust, and in fact integrated foreign investment. Although multinationals, through their subsidiaries, dissolved ties in joint venture arrangements, the authors find evidence that they also built durable networks. These findings suggest that developing economies do not necessarily face a forced choice between networks of global reach and those of local embeddedness.
Subject(s):
Business
Economics
Publisher DOI:
https://doi.org/10.1086/499507
Item views
208
Metadata:
text | xml
Suggested Citation:
David C. Stark, Balazs Vedres, , Social Times of Network Spaces: Network Sequences and Foreign Investment in Hungary, Columbia University Academic Commons, .

Columbia University Libraries | Policies | FAQ