Risk in networks: the role of finance in governing Denmark’s green hydrogen production network

Abstract The influence of risk on the organizational characteristics of global production networks (GPNs) is receiving growing attention in GPN debates. This paper examines how financial actors shape lead-firm risk mitigation strategies within Denmark’s emerging green hydrogen production network. It argues that through practices of evaluating, prioritizing, and reallocating risk, financial actors influence the organizational characteristics of GPNs. By integrating finance into GPN’s conceptualization of risk, the paper shifts the analytical focus from firm-centered approaches to the financialized dynamics of risk production and management, providing a novel conceptual contribution to ongoing discussions on risk.