网络成员关系依赖对风险投资自我网络动态性的影响——知识属性的调节作用  

The Impact of Relationship Dependence Among Network Members on Ego-Network Dynamics of Venture Capital:The Moderating Effect of Knowledge Attributes

作　　者：郜钰格 谢永平[1] 杨艳萍[2] Gao Yuge;Xie Yongping;Yang Yanping(School of Economics and Management,Xidian University,Xi'an 710126,China;School of Management,Henan University of Technology,Zhengzhou 450001,China)

机构地区：[1]西安电子科技大学经济与管理学院,陕西西安710126 [2]河南工业大学管理学院,河南郑州450001

出　　处：《科技进步与对策》2023年第22期53-64,共12页Science & Technology Progress and Policy

基　　金：国家自然科学基金面上项目(71972153);国家社会科学基金青年项目(19CGL009);教育部人文社会科学规划基金项目(22XJA630007);西安市软科学重点项目(2022JH-ZDXM-007);西安电子科技大学经济与管理学院研究生创新实践种子基金项目(202216)。

摘　　要：聚焦于微观层面风险投资自我网络动态视角,结合社会网络理论和知识基础理论,探索网络成员关系依赖对风险投资自我网络动态性的影响,并考虑知识属性对两者关系的调节作用。利用Wind数据库2010—2019年相关数据构建8期风险投资自我网络,采用组内估计法和LSDV方法对1715个自我网络进行实证检验。研究发现:①网络成员关系依赖分别负向影响风险投资自我网络增长性和多样性;②高水平知识深度与知识宽度会进一步加强网络成员关系依赖与自我网络多样性之间的负向关系,并起到负向调节作用;知识宽度会削弱网络成员关系依赖与自我网络增长性之间的负向关系,并起到正向调节作用;③知识深度对网络成员关系依赖与风险投资自我网络增长性之间的调节作用不显著。As"high-energy capital",venture capital plays an important role in promoting innovation,entrepreneurship and creation,and investment institutions often choose joint investment strategies to mitigate unsystematic risks and exchanging resources.In practice,the ability,demand and resource endowment of investment institutions will change with the passage of time and the accumulation of investment experience,making investment institutions change their network partners and network topology to seek new opportunities and resources,thus bringing the reconstruction of venture capital ego-network.There will be heterogeneous knowledge,information and collisions of new ideas due to the addition of new partners,and thus it is possible to enhance the network advantages of the original focus investment institutions,reduce knowledge homogeneity and redundancy and improve the efficiency and performance of knowledge search and learning of focus organizations.Therefore,it is of great significance to deeply understand the dynamic changes of venture capital egonetwork and the logical laws of the changes for improving the performance of investment institutions and guiding the development of venture capital network.But the existing ego-network exploration from the micro perspective focuses on the static perspective,while the research from the dynamic perspective is rare;it is difficult to comprehensively reveal the dynamic change mechanism of venture capital network only from external factors.In addition,the research on the relationship between organizations is ignored.Therefore,this study focuses on the dynamic perspective of ego-network of venture capital at the micro level,this paper explores the impact of relationship dependence among network members on the dynamics of venture capital ego-network based on social network theory and knowledge-based theory,and verifies the moderating effects of knowledge attributes on the relationship between them.This study uses the relevant data from 2010 to 2019 in the Wind database,and obtains a sa

关 键 词：网络成员 关系依赖 知识深度 知识宽度 风险投资 自我网络动态性 

分 类 号：F832.48[经济管理—金融学]