Enterprise Social Network And Enterprise Risk-Taking Level

The scientific and technological revolution has profoundly changed the development mode and path of enterprises.Building core competitiveness around emerging technologies and improving the level of risk-taking have become the key path for enterprises to realize valueadded.Many studies have shown that the level of enterprise risk-taking should match its resource allocation ability.Therefore,based on the perspective of social network research,identif-ying the factors conducive to risk-taking in enterprise social network and studying its action path and influence effect on enterprise risk-taking is of great significance for enterprises to optimize risk-taking decision-making and realize healthy and rapid development.On the basis of combing the relevant literature,this thesis selects financing capacity,supply chain concentration,government subsidies and industry university research cooperation level as the intermediary variables of enterprise social network affecting enterprise risk-taking level,and comprehensively measures enterprise social network index and enterprise risk-taking level.This thesis empirically test the overall impact effect of enterprise social network index on enterprise risk-taking level,the impact effect of enterprise social network index on intermediary variables and the impact effect of intermediary variables on enterprise risk-taking level and conduct path analysis.The results show that:(1)Enterprise social network has a positive effect on the level of enterprise risk-taking.(2)Enterprise social network has a positive impact on enterprise financing capacity,supply chain concentration,government subsidies and the level of industry university research cooperation.Among them,enterprise social network has the strongest impact on supply chain concentration,followed by frnancing capacity,government subsidies and the level of industry university research cooperation.(3)Enterprise financing ability,supply chain concentration and industry university research cooperation level have a positive impact on enterprise risk-taking level.Among them,industry university research cooperation level has the greatest impact on enterprise risk-taking level,followed by supply chain concentration and financing ability,and government subsidies have a negative impact on enterprise risk-taking level.(4)Between enterprise social network and enterprise risk-taking level,there are three positive paths with financing capacity,supply chain concentration and industry university research cooperation level as intermediary variables.Among them,the path with supply chain concentration as intermediary variable is the most significant,the effect of the other two paths is relatively small,and there is a negative path with government subsidy as intermediary variable.The above research shows that enterprises can enhance their risk-taking level by enhancing their financing capacity,improving the concentration of supply chain,increasing government subsidies and improving the level of industry university research cooperation through social networks.Enterprises should optimize the channels and mechanisms of resource allocation around the above paths.