Experience, added Quine, does not confirm or falsify individual statements, but instead confronts an interlocking theory-laden system of statements, which has to be adjusted as a whole.
Battlefields of knowledge: The interlocking of theory and practice in social research and development.
Addressing the interlocking levels of theory and explanation in the mind/brain using computational resources that have worked to bridge levels in more mature sciences might yield comparable results.
Like other tautologies occurring in the foundations of scientific theories, this interlocking (recursive) system of definitions is useful not in itself, but because it helps to fix our contexts of inquiry.
As for debt-to-asset ratio, supervision and control theory predicts that interlocking directorate networks are more likely to be established between companies that have a significant gap in terms of debt-to-asset ratio.
Social influence benefits of board interlocks are typically explained by theories such as agency (Jensen and Meckling 1976), bank control (Mintz and Schwartz 1985), and inter-organizational co-optation (Allen 1974; Selznick 1949 4 describing the mechanisms that firms employ to exert control and gain commitment and support from other firms.
First, these theories mainly deal with primary interlocks—for example, legitimacy theory predicts that the company in question would actively seek to put its own board members on the boards of other companies, yet most boards' interlocks in Chinese listed companies have changed into secondary interlocks.
The effect of industry networks on interlocking networks supports the prediction of collusion theory.
This theory argues that the emergence of interlocking directorate networks is due to the collusion among enterprises (Mizruchi 1996).
Based on a structured overview of the literature on tie heterogeneity in interlocking directorates, our classification framework derived from resource dependence theory highlights the key differences between the three types of ties.
The above theories have explained the basic formation mechanisms of interlocking directorate networks among enterprises within a market economy, which can be called the "market theory" for the construction of interlocking directorate networks.
