Concerning that limited explanation exists examining the function of corporate governance in trust processing within entrepreneurial network development, the purpose of this paper is to explore trust evolution and the role of corporate governance in an entrepreneurial network.,This paper makes an innovative exploration based on the case study of NVC Lighting Holding Limited.,It proposes that in the initial period of network relationship which is based on entrepreneur’s individual social network and embodies sole social network embeddness, entrepreneurial network relies more on affective trust than contractual trust. When stepping into extending period of network relationship which reflects separate embeddedness of social and market network, however, entrepreneurial network has an equal reliance on both affective trust and contractual trust. With further development, when ushering in the phase of maturity which undergoes superimposing embeddedness of both social and market network, entrepreneur network inclines to rely more heavily on affective trust than contractual trust. During the whole process, it can be found that the reliance of entrepreneurial network on trust has the tendency to transfer from affective trust to contractual trust. Furthermore, decreasing of equity ratio of founders and strengthening of controlling right heterogeneity in the corporate governance have facilitated the transfer process and the entrepreneurs’ authority has restraining effect on the evolution of the process.,Through case study, this paper presents the trust evolution process in different stages of entrepreneurial network. Another important theoretic contribution of this paper is that it reveals the function of corporate governance in trust processing within entrepreneurial network development.

中文翻译：

---

公司治理与企业家网络中信任的演变

考虑到对解释公司治理在企业家网络发展中的信任处理中的作用存在有限的解释，本文的目的是探讨信任的演变和公司治理在企业家网络中的作用。 NVC照明控股有限公司的案例研究表明，在基于企业家个人社交网络并体现单一社交网络嵌入的网络关系初期，企业家网络更多地依赖情感信任而不是契约信任。然而，当进入反映社会网络和市场网络独立性的网络关系扩展期时，企业家网络对情感信任和合同信任都具有同等依赖。随着进一步的发展，当进入一个成熟的阶段时，社会网络和市场网络都处于叠加状态，企业家网络倾向于更多地依靠情感信任而不是契约信任。在整个过程中，可以发现企业家网络对信任的依赖具有从情感信任向契约信任转移的趋势。此外，降低公司创始人的股权比例和加强公司治理中的控制权异质性，促进了转让过程，企业家的权力对过程的演进产生了抑制作用。通过案例研究，本文提出了信托的演化过程。在创业网络的不同阶段。