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Corporate governance and evolution of trust in entrepreneurial networks: A case study of NVC Lighting Holding Ltd.

机译:公司治理与企业家网络中信任的演变:以雷士照明公司为例。

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Purpose Concerning that limited explanation exists examining the function of corporate governance in trust processing within entrepreneurial network development, the purpose of this paper is to explore trust evolution and the role of corporate governance in an entrepreneurial network. Design/methodology/approach This paper makes an innovative exploration based on the case study of NVC Lighting Holding Limited. Findings It proposes that in the initial period of network relationship which is based on entrepreneur's individual social network and embodies sole social network embeddness, entrepreneurial network relies more on affective trust than contractual trust. When stepping into extending period of network relationship which reflects separate embeddedness of social and market network, however, entrepreneurial network has an equal reliance on both affective trust and contractual trust. With further development, when ushering in the phase of maturity which undergoes superimposing embeddedness of both social and market network, entrepreneur network inclines to rely more heavily on affective trust than contractual trust. During the whole process, it can be found that the reliance of entrepreneurial network on trust has the tendency to transfer from affective trust to contractual trust. Furthermore, decreasing of equity ratio of founders and strengthening of controlling right heterogeneity in the corporate governance have facilitated the transfer process and the entrepreneurs' authority has restraining effect on the evolution of the process. Originality/value Through case study, this paper presents the trust evolution process in different stages of entrepreneurial network. Another important theoretic contribution of this paper is that it reveals the function of corporate governance in trust processing within entrepreneurial network development.
机译:目的关于存在有限的解释来检验公司治理在企业家网络发展中的信任处理中的作用,本文的目的是探讨信任的演变以及公司治理在企业家网络中的作用。设计/方法/方法本文基于雷士照明有限公司的案例研究进行了创新性探索。研究结果提出,在基于企业家个人社交网络并体现出唯一的社交网络嵌入性的网络关系的初​​期,企业家网络更多地依赖于情感信任而不是契约信任。但是,当进入反映社会网络和市场网络独立性的网络关系扩展期时,企业家网络对情感信任和合同信任都有同等的依赖。随着进一步的发展,当进入一个成熟的阶段时,社会网络和市场网络都处于叠加状态,企业家网络倾向于更多地依靠情感信任而不是契约信任。在整个过程中,可以发现企业家网络对信任的依赖具有从情感信任向契约信任的转移趋势。此外,降低公司创始人的股权比例和加强公司治理中的控制权异质性促进了转让过程,而企业家的权力对这一过程的发展具有抑制作用。原创性/价值通过案例研究,本文介绍了创业网络不同阶段的信任演化过程。本文的另一个重要的理论贡献是,它揭示了公司治理在企业家网络发展中的信任处理中的功能。

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