1. 河北工业大学经济管理学院； 2. College of Business Administration University of Missouri-St. Louis；3. 中国政法大学商学院
Interlocking Directorate Networks, Financial Constraints and the Social Responsibility of Private Enterprises
LI Xiaoqing，FUNG H G，ZHU Qingxiang，LIU Zhixiong
1. Hebei University of Technology, Tianjin, China; 2. University of Missouri-St. Louis,St. Louis, USA; 3. China University of Political Science and Law, Beijing, China
Abstract：Based on a multiple theory perspective, this study uses social network analysis to examine the influence of interlocking directorate networks on the corporate social responsibility (CSR) of private, entrepreneurial firms. Several results are noted. First, the interlocking directorates have a positive effect on CSR when they are in the center of social network or spanning structure holes. Second, interlocking networks (network centrality and structure hole) improve financial constraints, which in turn mediate the relationship between interlocking directorate networks and CSR. Third, political connections strengthen the influence of interlocking directorate networks on CSR. Finally, the political connections with the central government have much a stronger effect on the relationship between interlocking directorate networks and CSR than those with the local government. While political connections of “deputies to NPC”or “members ofCPPCC”enhance the influence of interlocking directorate networks on CSR, there is no significant moderating effect for official political connections on the relationship between interlocking directorate networks and CSR.
李小青，Hung-Gay Fung，朱清香，刘志雄. 连锁董事网络、融资约束与民营企业社会责任[J]. 管理学报, 2020, 17(8): 1208-.
LI Xiaoqing，FUNG H G，ZHU Qingxiang，LIU Zhixiong. Interlocking Directorate Networks, Financial Constraints and the Social Responsibility of Private Enterprises. Chinese Journal of Management, 2020, 17(8): 1208-.
