Fig 1.
The internal capital market decision-making and operation of China National Aviation Group.
Fig 2.
Corporate group decision-making and risk effects based on internal affiliation network.
Fig 3.
Calculation of Key Indicators in the Associated Network.
Table 1.
Definitions and Descriptions of Main Variables.
Table 2.
Descriptive Statistics Table.
Table 3.
Test Results of the Influence of Enterprise Group Decision-making authority on Risk-Taking.
Table 4.
Regression Results of the Internal Capital Market and Enterprise Financial Crisis Model.
Table 5.
The mediating role of the internal capital market in the relationship between decision-making authority allocation and risk-taking.
Table 6.
decision centralization on internal capital market embedded in interlocking director network.
Table 7.
Internal capital market on risk-taking embedded in associated institutional investor network.
Table 8.
The Impact of Corporate Decision-Making Centralization on Idiosyncratic and Systematic Risks.
Table 9.
Analysis of the Heterogeneity of Centralized Management and Risk-Taking.