Not All Types of Social Networks Are Good: The Dual Effects of Social Networks on Courtesy Stigma
研究企业高管在丑闻中遭受连带污名时，其社会网络既有保护作用（绝缘机制）也有暴露风险（曝光机制），基于中国上市公司2007-2016年财务违规数据的事件史分析支持了双重效应假设。
ABSTRACT When a firm is accused of serious misconduct, its executives, even those who are nonculpable, are stigmatized by the firm's stakeholders, a phenomenon known as courtesy stigma . One research stream explores how executives’ social networks mitigate courtesy stigma, with an emphasis on the positive effect of social networks. From the perspective of a social network as an information pipe, we suggest that social networks are a double-edged sword in the context of courtesy stigma because of their distinctive insulation and exposure mechanisms. Our proposed hypotheses are supported via event history analysis using data collected from a Chinese sample of listed firms that demonstrated financial misconduct in the period 2007–2016. Our study contributes to the literature on social networks and courtesy stigma by revealing their complex links.