关键词: 异地商会, 风险承担, 社会资本, 商帮文化, 社会网络

Abstract:  Chamber of commerce is an important platform for enterprises to accumulate social capital, aiming to promote resource sharing and risk sharing among enterprises. This paper takes Ashare listed companies as the research sample, and empirically analyzes the impact of companies participating in homeland chamber of commerce on corporate risktaking. The results show that participating in homeland chamber can improve corporate risktaking. This conclusion is still valid after a series of robustness tests. From the perspective of the mechanism, participating in homeland chamber is not only conducive to reducing corporate financing constraints, but also conductive to promoting firms M&A activities. Further research finds that the chamber of commerce has substitution effects on regional social trust, and the impact on corporate risktaking is more pronounced in the areas with strong traditional culture and greater marketization degree. Besides, participating in homeland chamber can help enterprises reduce the risk of supply chain. This paper provides an empirical basis for verifying the risksharing characteristics of the chamber of commerce, and provides references for understanding the social function of the chamber of commerce.

Key words: homeland chamber of commerce, corporate risktaking, social capital, merchant guild culture, social networks