我国风险投资网络社群识别、群间差异与投资绩效研究

发布时间：2018-03-07 11:19

本文选题：风险投资　切入点：网络社群　出处：《管理评论》2017年09期 　论文类型：期刊论文

【摘要】：针对我国风险投资网络呈现的愈发显著的社群现象,本文选取2003-2014年我国风险投资事件为研究样本,在动态识别风险投资网络社群基础上,分析了社群特征以及群间差异,进而对风险投资网络社群对机构投资绩效的直接影响进行了实证检验,并考察自中心网络聚集对网络社群与投资绩效的调节作用。结果表明:我国风险投资网络存在明显的社群现象;网络社群在投资阶段、行业以及项目地理分布属性方面均呈现群内差异小,群间差异大的特征,网络社群专业化明显;机构的社群成员身份对其投资绩效有显著的促进作用,自中心网络聚集程度对网络社群与投资绩效具有显著的正向调节作用。
[Abstract]:In view of the increasingly prominent community phenomenon in China's venture capital network, this paper selects the venture capital events in China from 2003 to 2014 as the research sample, and analyzes the characteristics of the community and the differences among groups on the basis of dynamic identification of the venture capital network community. Then the direct impact of venture capital network community on the performance of institutional investment is tested empirically. The results show that there is an obvious community phenomenon in venture capital network in China, and the network community is in the investment stage. In terms of industry and project geographical distribution attributes, there are small differences within groups and large differences among groups, and the specialization of network communities is obvious. Community membership of institutions has a significant role in promoting their investment performance. The degree of self-center network aggregation plays a significant positive role in regulating network community and investment performance.
【作者单位】：西安理工大学经济与管理学院;西华师范大学政治与行政学院;
【基金】：国家自然科学基金面上项目(71572146) 教育部人文社会规划青年基金项目(13YJC630108) 陕西省哲学社会科学特色学科资助项目(105-206021501)
【分类号】：F832.48

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