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Corporate Resonance of Food Safety Risk: A Space-Time Perspective
Lei Wang1, Tao Wang1, Han Sun1
1School of Economics and Management, Nanjing Tech University, Nanjing 211816, China.
Abstract:
Employing a space-time perspective, this study develops a CA-SHIRS model of corporate resonance diffusion of food safety risk, drawing on complex network theory and cellular automata theory. The study then examines the mechanisms and spatial-temporal evolution characteristics of this diffusion, considering the interplay among food firm heterogeneity, media communication strategy, and government regulatory strategy. The study reaches the following conclusions: (1) Higher probabilities of infection, conversion, and immune failure speed up risk transmission within the spatial-temporal association network of food firms. By contrast, raising the immune probability and direct immune probability helps contain the scale of risk spread. (2) The intensity of corporate resonance diffusion is positively correlated with corporate influence and media influence, and negatively correlated with corporate social responsibility, media information disclosure intensity, government penalty intensity, and government regulatory information transparency. It exhibits an inverted U-shaped relationship with corporate risk preference and a positive U-shaped relationship with media reporting preference. (3) Both corporate influence and media influence reinforce corporate resonance diffusion, while government regulation effectively mitigates it. Firms with moderate risk preference are most significantly affected by extreme media coverage; corporate social responsibility and media information disclosure intensity can jointly suppress diffusion at these nodes. Government regulation exerts a stronger inhibitory effect on corporate resonance diffusion than the amplifying effect exerted by media communication.
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