You’ve Got a Friend: Examining Board Interlock Formation After Financial Restatements
研究了2009-2013年财富500强公司中，财务重述事件如何影响董事会连锁关系的形成，发现重述公司会通过互惠和传递性等社会嵌入过程建立新联系，而社会地位能缓解网络中断的负面影响。
We investigate the impact of financial restatements as critical events that influence board interlock formation among Fortune 500 firms during the 2009–2013 period. Our empirical study is based on a longitudinal analysis of tie formation while accounting for dynamic changes in the behavior and characteristics of network nodes using stochastic actor-oriented models. We find that firms facing financial restatements experience disruption in network ties. However, social status helps mitigate these effects, and restating firms build new ties through socially embedded processes, such as reciprocity and transitivity. Our work contributes to the understanding of how interorganizational relationships are altered as a result of financial restatement events.