Effect of Information Dissemination in Corporate Executives on Contagion of Credit Risk——A Dual-network Perspective

Abstract

Abstract: The risk information dissemination among the executives and the credit risk contagion among enterprises is interactive. Based on the complex network theory, this paper constructs a model to describe interaction between the risk information dissemination and the associated credit risk contagion. We find that the credit risk contagion threshold is affected by the network structure and the dissemination scope of the risk information; and under certain conditions, the risk information dissemination among executives may inhibit the associated credit risk contagion among enterprises. By accelerating the dissemination of risk information, enterprises or government regulators can effectively inhibit the associated credit risk contagion in the affiliated enterprise network.

Key words: associated credit risk, risk information, enterprise executives, dual-network

Qian Qian, Yang Yang, Zhou Zongfang. Effect of Information Dissemination in Corporate Executives on Contagion of Credit Risk——A Dual-network Perspective[J]. Management Review, 2021, 33(1): 37-43.

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