The dynamics of network communities and venture capital performance: Evidence from China

被引：13
|
作者：
Xue Chaokai [1 ]
Jiang Ping [2 ]
Dang Xinghua [1 ]
机构：
[1] Xian Univ Technol, Sch Econ & Management, Xian, Shaanxi, Peoples R China
[2] Univ Int Business & Econ, Sch Int Trade & Econ, Huixin Dongjie 10, Beijing 100029, Peoples R China
来源：
FINANCE RESEARCH LETTERS | 2019年 / 28卷
基金：
中国国家自然科学基金;
关键词：
Dynamics of network communities; Cross-community movements; Venture capital; COLLABORATION NETWORKS; STRUCTURAL HOLES; FIRM; INNOVATION; DIFFUSION;
D O I：
10.1016/j.frl.2018.03.009
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper examines the impact of the dynamics of network communities on venture capital (VC) investment performance in China. We use Chinese VC market data for the period 2000 to 2015 and find that VCs' cross-community movements have significant positive impacts on their subsequent performances, such as exit probability via initial public offerings (IPOs) and internal rate of return (IRR).
引用
收藏
页码：6 / 10
页数：5
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