References

Abbasi, A., J. Altmann, and L. Hossain. 2011. “Identifying the Effects of Co-Authorship Networks on the Performance of Scholars: A Correlation and Regression Analysis of Performance Measures and Social Network Analysis Measures.” Journal of Informetrics 5:594–607.10.1016/j.joi.2011.05.007Search in Google Scholar

Antoncic, B. 2003. “Risk taking in intrapreneurship: Translating the individual level risk aversion into the organizational risk taking.” Journal of Enterprising Culture 11 (01):1–23.10.1142/S0218495803000020Search in Google Scholar

Baum, J., S. X. Li, and J. M. Usher. 2000. “Making the Next Move: How Experiential and Vicarious Learning Shape the Locations of Chains’ Acquisition.” Administrative Science Quarterly 45:766–801.10.2307/2667019Search in Google Scholar

Beauchamp, M. 1965. “An Improved Index of Centrality.” Behavioral Science 10:161–163.10.1002/bs.3830100205Search in Google Scholar

Bellenzier, L., and R. Grassi. 2014. “Interlocking Directorates in Italy: Persistent Links in Network Dynamics.” Journal of Economic Interaction and Coordination 9:183–202.10.1007/s11403-013-0119-8Search in Google Scholar

Bizjak, J., M. Lemmon, and R. Whitby. 2009. “Option Backdating and Board Interlocks.” Review of Financial Studies 22:4821–4827.10.1093/rfs/hhn120Search in Google Scholar

Bonacich, P., and P. Lloyd. 2001. “Eigenvector-Like Measures of Centrality for Asymmetric Relations.” Social Networks 23:191–201.10.1016/S0378-8733(01)00038-7Search in Google Scholar

Cai, F., D. Wang, and Y. Du. 2002. “Regional Disparity and Economic Growth in China: The Impact of Labor Market Distortions.” China Economic Review 13:197–212.10.1016/S1043-951X(02)00072-XSearch in Google Scholar

Cai, Y., D. Dhaliwal, Y. Kim, and C. Pan. 2014. “Board Interlocks and the Diffusion of Disclosure Policy.” Review of Accounting Studies 19:1086–1119.10.1007/s11142-014-9280-0Search in Google Scholar

Chatterjee, A., and Hambrick, D. C. 2011. “Executive personality, capability cues, and risk taking: How narcissistic CEOs react to their successes and stumbles.” Administrative Science Quarterly 56 (2):202–237.10.1177/0001839211427534Search in Google Scholar

Chen, H. L., M. Ho, and W. T. Hsu. 2013. “Does Board Social Capital Influence Chief Executive Officers’ Investment Decision in Research and Development?.” R & D Management 43 (4):381–393.10.1111/radm.12025Search in Google Scholar

Chen, R., M. Dyball, and S. Wright. 2009. “The Link between Board Compensation and Corporate Diversification in Australian Corporations.” Corporate Governance: An International Review 17 (2):208–223.10.1111/j.1467-8683.2009.00734.xSearch in Google Scholar

Chen, S. 2011. “Corporate Board Governance and Risk Taking.” Quantitative Financial Risk Management 1:63–69.10.1007/978-3-642-19339-2_7Search in Google Scholar

Conyon, M. J., and M. R. Muldoon. 2006. “The Small World of Corporate Boards.” Journal of Business Finance & Accounting 33:1321–1343.10.1111/j.1468-5957.2006.00634.xSearch in Google Scholar

Dalziel, T., R. J. Gentry, and M. Bowerman. 2011. “An Integrated Agency-Resource Dependence View of the Influence of Directors’ Human and Relational Capital on Firms’ R&D Spending.” Journal of Management Studies 48 (6):1217–1242.10.1111/j.1467-6486.2010.01003.xSearch in Google Scholar

Davis, G. F. 1991. “Agents without Principles? the Spread of the Poison Pill through the Intercorporate Network.” Administrative Science Quarterly 36 (4):586–613.10.2307/2393275Search in Google Scholar

Drago, C., F. Millo, R. Ricciuti, and P. Santella. 2015. “Corporate Governance Reforms, Interlocking Directorship and Company Performance in Italy.” International Review of Law and Economics 41:38–49.10.1016/j.irle.2014.09.003Search in Google Scholar

Eisenmann, T. R. 2002. “The effects of CEO equity ownership and firm diversification on risk taking.” Strategic Management Journal 23 (6):513–534.10.1002/smj.236Search in Google Scholar

EI-Khatib, R., K. Fogel, and T. Jandik. 2015. “CEO Network Centrality and Merger Performance.” Journal of Financial Economics 116 (2):349–382.10.1016/j.jfineco.2015.01.001Search in Google Scholar

Faccio, M., Marchica, M. T., and Mura, R. 2016. “CEO gender, corporate risk-taking, and the efficiency of capital allocation.” Journal of Corporate Finance 39:193–209.10.1016/j.jcorpfin.2016.02.008Search in Google Scholar

Fahlenbrach, R., A. Low, and R. M. Stulz. 2010. “Why Do Firms Appoint CEOs as outside Directors?” Journal of Financial Economics 97 (1):12–32.10.1016/j.jfineco.2010.01.003Search in Google Scholar

Fan, G., X. Wang, and L. Zhang. 2011. Marketization Index for China’s Provinces. National Economic Research Institute.Search in Google Scholar

Ferrero, I., M. A. Fernandez-Izquierdo, and M. J. Munoz-Torres. 2012. “The Impact of the Board of Directors’ Characteristics on Corporate Performance and Risk-Taking before and during the Global Financial Crisis.” Review of Management Science 6 (2):207–226.10.1007/s11846-012-0085-xSearch in Google Scholar

Filatotchev, I., Z. Su, and G. Bruton. 2016. “Market Orientation, Growth Strategy, and Firm Performance: The Moderating Effects of External Connections.” Management and Organization Review. 13 (3):575–601.10.1017/mor.2016.31Search in Google Scholar

Gelekanycz, M. A., and D. C. Hambrick. 1997. “The External Ties of Top Executives: Implications for Strategic Choice and Performance.” Administrative Science Quarterly 42:654–681.10.2307/2393653Search in Google Scholar

Han, J., I. Bose, N. Hu, B. Qi, and G. Tian. 2015. “Does Director Interlock Impact Corporate R&D Investment?.” Decision Support Systems 71 (1):28–36.10.1016/j.dss.2015.01.001Search in Google Scholar

Haunschild, P. 1993. “Interorganizational Imitation: The Impact of Interlocks on Corporate Acquisition Activity.” Administrative Science Quarterly 38 (4):564–592.10.2307/2393337Search in Google Scholar

Haunschild, P., and A. Miner. 1997. “Modes of Interorganizational Imitation: The Effects of Outcome Salience and Uncertainty.” Administrative Science Quarterly 42:472–500.10.2307/2393735Search in Google Scholar

Hou, M., H. Liu, P. Fan, and Z. Wei. 2016. “Does CSR Practice Pay off in East Asian Firms? A Meta-Analytic Investigation.” Asia Pacific Journal of Management 33:195–228.10.1007/s10490-015-9431-2Search in Google Scholar

Hofstede, G. 2001. Cultural consequences. Sage Publications, CA: Thousand Oaks.Search in Google Scholar

Hu, P., J. R. Kale, M. Pagani, and A. Subramanian. 2011. “Fund Flows, Performance, Managerial Career Concerns, and Risk-Taking.” Management Science 57 (4):628–646.10.1287/mnsc.1100.1305Search in Google Scholar

John, K., L. Litov, and B. Yeung. 2008. “Corporate Governance and Risk-Taking.” Journal of Finance 63 (4):1979–1728.10.1111/j.1540-6261.2008.01372.xSearch in Google Scholar

Johnson, J. L., C. M. Daily, and A. E. Ellstrand. 1996. “Boards of Directors: A Review and Research Agenda.” Journal of Management 22:409–438.10.1177/014920639602200303Search in Google Scholar

Kang. 2008. “Director Interlocks and Spillover Effects of Reputational Penalties from Financial Reporting Fraud.” Academy of Management Journal 51:537–555.10.5465/amj.2008.32626007Search in Google Scholar

Kim, K., and Buchanan, R. 2008. “CEO duality leadership and firm risk-taking propensity.” Journal of Applied Business Research 24 (1):27.10.19030/jabr.v24i1.1364Search in Google Scholar

Kraatz, M. S. 1998. “Learning by Association? Interorganizational Networks and Adaptation to Environmental Change.” Academy of Management Journal 41:621–643.10.2307/256961Search in Google Scholar

Larcker, D., E. C. So, and C. C. Y. Wang. 2013. “Boardroom Centrality and Firm Performance.” Journal of Accounting and Economics 55 (2):225–250.10.1016/j.jacceco.2013.01.006Search in Google Scholar

Li, J., and Y. Tang. 2010. “CEO Hubris and Firm Risk Taking in China: The Moderating Role of Managerial Discretion.” Academy of Management Journal 53 (1):45–68.10.5465/amj.2010.48036912Search in Google Scholar

Li, L., and G. Tian. 2014. “Relationship Network of Firms and Executive Compensation: Theoretical Model and Empirical Findings.” Systems Engineering – Theory & Practice 34:54–63.Search in Google Scholar

Li, W., and M. Yu. 2012. “Nature of Ownership, Market Liberalization, and Corporate Risk-Taking.” China Industrial Economics 12:115–127.Search in Google Scholar

Lieberman, M. B., and S. Asaba. 2006. “Why Do Firms Imitate Each Other?.” Academy of Management Review 31 (2):366–385.10.5465/amr.2006.20208686Search in Google Scholar

Lieberman, M. B., and D. B. Montgomery. 1988. “First-Mover Advantages.” Strategic Management Journal 9 (S1):41–58.10.1002/smj.4250090706Search in Google Scholar

Miller, D., and P. H. Friesen. 1978. “Archetypes of Strategy Formulation.” Management Science 24:921–933.10.1287/mnsc.24.9.921Search in Google Scholar

Mizruchi, M. S. 1996. “What Do Interlocks Do? an Analysis, Critique, and Assessment of Research on Interlocking Directorates.” Annual Review of Sociology 22:271–298.10.1146/annurev.soc.22.1.271Search in Google Scholar

Nakano, M., and P. Nguyen. 2012. “Board Size and Corporate Risk Taking: Further Evidence from Japan.” Corporate Governance: An International Review 20 (4):369–387.10.1111/j.1467-8683.2012.00924.xSearch in Google Scholar

Nguyen, P. 2011. “Corporate Governance and Risk-Taking: Evidence from Japanese Firms.” Pacific-Basin Finance Journal 19 (1):278–297.10.1016/j.pacfin.2010.12.002Search in Google Scholar

Nwaeze, E. T., S. M. Yang, and Q. Yin. 2006. “Accounting Information and CEO Compensation: The Role of Cash Flow from Operations in the Presence of Earnings.” Contemporary Accounting Research 23 (2):227–265.10.1506/BUQJ-8KUQ-X2TF-K7T4Search in Google Scholar

Palmer, D., P. Jenning, and X. Zhou. 1993. “Late Adoption of the Multidivisional Form by Large US Corporations: Institutional, Political, and Economic Accounts.” Administrative Science Quarterly 38:100–131.10.2307/2393256Search in Google Scholar

Palmer, T. B., and Wiseman, R. M. 1999. “Decoupling risk taking from income stream uncertainty: A holistic model of risk.” Strategic Management Journal 20 (11):1037–1062.10.1002/(SICI)1097-0266(199911)20:11<1037::AID-SMJ67>3.0.CO;2-2Search in Google Scholar

Pathan, S. 2009. “Strong Boards, CEO Power and Bank Risk-Taking.” Journal of Banking & Finance 33 (7):1340–1350.10.1016/j.jbankfin.2009.02.001Search in Google Scholar

Petersen, M. A. 2009. “Estimating Standard Errors in Finance Panel Date Sets: Comparing Approaches.” Review of Financial Studies 22 (1):435–480.10.1093/rfs/hhn053Search in Google Scholar

Rao, H., and K. Sivakumar. 1999. “Institutional Sources of Boundary-Spanning Structures: The Establishment of Investor Relations Departments in the Fortune 500 Industrials.” Organization Science 10:27–42.10.1287/orsc.10.1.27Search in Google Scholar

Sanders, W. G., and Hambrick, D. C. 2007. “Swinging for the fences: The effects of CEO stock options on company risk taking and performance.” Academy of Management Journal 50 (5):1055–1078.10.5465/amj.2007.27156438Search in Google Scholar

Shah, A. A., R. Kouser, M. Aamir, and C. M. Hussain. 2012. “The Impact of the Corporate Governance and the Ownership Structure on the Firm’s Financial Performance and Its Risk Taking Behavior.” International Research Journal of Finance and Economics 93 (1):44–55.10.26710/jafee.v3i1.70Search in Google Scholar

Shen, W., Q. Zhou, and C. Lau. 2016. “Empirical Research on Corporate Governance in China: A Review and New Directions for the Future.” Management and Organization Review 12:41–73.10.1017/mor.2015.11Search in Google Scholar

Shropshire, C. 2010. “The role of the interlocking director and board receptivity in the diffusion of practices.” Academy of Management Review 35 (2):246–264.Search in Google Scholar

Sila, V., A. Gonzalez, and J. Hagendorff. 2016. “Women on Board: Does Boardroom Gender Diversity Affect Firm Risk?.” Journal of Corporate Finance 36 (1):26–53.10.1016/j.jcorpfin.2015.10.003Search in Google Scholar

Sitkin, S. B., and Pablo, A. L. 1992. “Reconceptualizing the determinants of risk behavior.” Academy of Management Review 17 (1):9–38.10.5465/amr.1992.4279564Search in Google Scholar

Su, K., R. Wan, and B. Li. 2013. “Ultimate Ownership, Institutionality, and Capital Structure: Empirical Analyses of Chinese Data.” Chinese Management Studies 7 (4):557–571.10.1108/CMS-09-2013-0175Search in Google Scholar

Tian, G., L. Li, and B. Qi. 2011. “Interlocking Directorate, Financial Performance and Firm Value.” Journal of Management Science 24:13–24.Search in Google Scholar

Tjosvold, D., and Yu, Z. 2007. “Group risk taking: The constructive role of controversy in China.” Group & Organization Management 32(6):653–674.10.1177/1059601106287110Search in Google Scholar

Tversky, A., and Kahneman, D. 1981. “The framing of decisions and the psychology of choice.” Science 211(4481):453–458.10.1126/science.7455683Search in Google Scholar

Useem, M. 1984. The Inner Circle. New York: Oxford University Press.Search in Google Scholar

Wang, C. J. 2012. “Board Size and Firm Risk-Taking.” Review of Quantitative Finance and Accounting 38 (4):519–542.10.1007/s11156-011-0241-4Search in Google Scholar

Wells, P., and C. Ingley. 2015. “Interlocking Directorships and Corporate-Community Connection.” European Conference on Management, Leadership & Governance, Kidmore End, 523–531.Search in Google Scholar

West, D., and Berthon, P. 1997. “Antecedents of risk-taking behavior by advertisers: Empirical evidence and management implications.” Journal of Advertising Research 37 (5):27–41.Search in Google Scholar

Wright, P., Kroll, M., Krug, J. A., and Pettus, M. 2007. “Influences of top management team incentives on firm risk taking.” Strategic Management Journal 28 (1):81–89.10.1002/smj.548Search in Google Scholar

Wu, L., H. Liu, and J. Zhang. 2017. “Bricolage Effects on New-Product Development Speed and Creativity: The Moderating Role of Technological Turbulence.” Journal of Business Research 70:127–135.10.1016/j.jbusres.2016.08.027Search in Google Scholar

Young, M. N., M. W. Peng, D. Ahlstrom, G. D. Bruton, and Y. Jiang. 2008. “Corporate Governance in Emerging Economies: A Review of the Principle-Principle Perspective.” Journal of Management Studies 45:196–220.10.1111/j.1467-6486.2007.00752.xSearch in Google Scholar

Zahra, S. A., and J. A. Pearce. 1989. “Boards of Directors and Corporate Financial Performance: A Review and Integrative Model.” Journal of Management 15:291–344.10.1177/014920638901500208Search in Google Scholar

Zhang, M., L. Tong, and H. Xu. 2015. “Social Networks and Corporate Risk Taking.” Management World 11:161–175.Search in Google Scholar

Zhang, M., B. Zhang, and Z. Yi. 2016. “Pyramidal Structure, Political Intervention and Firms’ Tax Burden: Evidence from China’s Local SOEs.” Journal of Corporate Finance 36 (1):15–25.10.1016/j.jcorpfin.2015.10.004Search in Google Scholar