Title :
Do Venture Capital Networks Really Work in China?
Author :
Liu Zhiyang ; Zhan Linlin
Author_Institution :
Sch. of Int. Bus. Adm., Shanghai Univ. of Finance & Econ., Shanghai, China
Abstract :
Many financial markets are characterized by strong relationships and networks. We examine the performance consequences of this organizational structure in the context of relationships established when venture capital (VC) syndicate portfolio company investments. We find that social network has played a significant role in china VC industry; The increase of the centrality and stability contribute to higher exit rate of VC. We also provide initial evidence on the evolution of VC networks.
Keywords :
financial management; venture capital; China; financial markets; organizational structure; portfolio company investments; social network; stability; venture capital networks; Companies; Industries; Investments; Stability analysis; Venture capital;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5577156
