@article{ref1,
title="The influence mechanism of interlocking director network on corporate risk-taking from the perspective of network embeddedness: evidence from China",
journal="Frontiers in psychology",
year="2023",
author="Li, Hua and Li, Yangyang and Sun, Qiubai",
volume="14",
number="",
pages="e1062073-e1062073",
abstract="The interlocking director network can not only help achieve low-cost information sharing and exchange learning among enterprises, but also provide essential resource support for corporate risk-taking behavior. This study aims to empirically analyze the impact, mechanism of action, and boundary of influence of interlocking director network (NET) on corporate risk-taking (RISK) using data of Chinese A-share listed companies from 2007 to 2020.The results show: (1) There is a significant positive correlation between NET and RISK, and the above results are still established after a series of robustness tests. (2) Mechanistic tests show that the NET can promote RISK through two channels: alleviating financing constraints and increasing R&D investment. (3) Further analysis reveals the promotion of NET on RISK is more significant in non-state-owned enterprises and enterprises with higher industry competition intensity. These findings have positive implications for the construction of an inter-enterprise interlocking director network and the enhancement the of the risk-taking level.<p /> <p>Language: en</p>",
language="en",
issn="1664-1078",
doi="10.3389/fpsyg.2023.1062073",
url="http://dx.doi.org/10.3389/fpsyg.2023.1062073"
}