Research on the Impact of Entrepreneurial Team Fracture Zone on Enterprise Risk Taking——The Regulatory Role of a Humble Board of Directors
The fault zone of entrepreneurial teams reflects the structural characteristics within the entrepreneurial team.Using 473 list-ed companies on the ChiNext board from 2016 to 2019 as samples,this study introduces a humble board of directors as a moderating variable to investigate the impact of entrepreneurial team rupture on corporate risk-taking.The fault zones of entrepreneurial teams are divided into social category fault zones and task fault zones,and measured using the ASW clustering algorithm.Empirical results show that social category fault zones have a positive impact on enterprise risk-taking;The task rupture zone has a negative impact on enterprise risk-taking;The moderating effect of a humble board of directors on the social category fault zone and corporate risk-tak-ing is not significant;The humble board of directors positively regulates the impact of task discontinuity on corporate risk-taking.The research findings enrich the study of entrepreneurial team fault zones and provide important management insights for how en-trepreneurial teams can take on entrepreneurial risks.
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