管理评论 ›› 2021, Vol. 33 ›› Issue (1): 37-43.

• 经济与金融管理 • 上一篇    

企业高管风险信息传播与关联信用风险传染交互影响——基于双重网络视角

钱茜1,2, 杨扬3, 周宗放2   

  1. 1. 四川师范大学商学院, 成都 610066;
    2. 电子科技大学经济与管理学院, 成都 611731;
    3. 西南财经大学经济数学学院, 成都 611130
  • 收稿日期:2017-11-29 发布日期:2021-02-03
  • 作者简介:钱茜,四川师范大学商学院副教授,博士;杨扬,西南财经大学经济数学学院讲师,博士;周宗放,电子科技大学经济与管理学院教授,博士生导师,硕士。
  • 基金资助:
    国家自然科学基金面上项目(71571030);国家自然科学基金青年项目(71701166);教育部人文社会科学青年基金项目(19YJC630128)。

Effect of Information Dissemination in Corporate Executives on Contagion of Credit Risk——A Dual-network Perspective

Qian Qian1,2, Yang Yang3, Zhou Zongfang2   

  1. 1. School of Business, Sichuan Normal University, Chengdu 610066;
    2. School of Economics and Management, University of Electronic Science and Technology of China, Chengdu 611731;
    3. School of Economic Mathematics, Southwestern University of Finance and Economics, Chengdu 611130
  • Received:2017-11-29 Published:2021-02-03

摘要: 企业高管间的风险信息传播与所经营企业之间的关联信用风险传染交互影响。本文基于复杂网络理论,在高管社交-企业关联耦合的双重网络中,探讨了风险信息传播与关联信用风险传染交互影响的机理,构建了风险信息传播与关联信用风险传染的交互模型。结合仿真分析发现:关联信用风险传染阈值与关联企业网络结构和风险信息传播的范围有关;在一定的条件下,高管之间的风险信息传播对企业之间关联信用风险的传染会产生抑制作用。企业及政府等监管部门采取适当的措施促进风险信息传播,可以有效地抑制关联信用风险在关联企业网络中的传染。

关键词: 关联信用风险, 风险信息, 企业高管, 双重网络

Abstract: The risk information dissemination among the executives and the credit risk contagion among enterprises is interactive. Based on the complex network theory, this paper constructs a model to describe interaction between the risk information dissemination and the associated credit risk contagion. We find that the credit risk contagion threshold is affected by the network structure and the dissemination scope of the risk information; and under certain conditions, the risk information dissemination among executives may inhibit the associated credit risk contagion among enterprises. By accelerating the dissemination of risk information, enterprises or government regulators can effectively inhibit the associated credit risk contagion in the affiliated enterprise network.

Key words: associated credit risk, risk information, enterprise executives, dual-network