Search

The social network analysis technology is used, and the data of A-share listed companies in Shanghai and Shenzhen stock markets from 2007 to 2019 are selected to test the impact of directors’ network position on corporate risk-taking and the moderating effect of social trust on the relationship between them. It is found that directors’ network position is significantly positively correlated with corporate risk-taking, and social trust strengthens the promoting role of directors’ network position on corporate risk-taking. Further tests find that under different social trust levels, directors’ network position can promote the risk-taking of state-owned and non-state-owned enterprises, but the moderating effect of social trust only exists in non-state-owned enterprises. Regardless of the degree of industrial competition, directors’ network position can promote corporate risk-taking, but social trust only plays a moderating effect when the degree of industrial competition is high. [ABSTRACT FROM AUTHOR]