| Issue |
E3S Web Conf.
Volume 253, 2021
2021 International Conference on Environmental and Engineering Management (EEM 2021)
|
|
|---|---|---|
| Article Number | 03001 | |
| Number of page(s) | 8 | |
| Section | Environmental Equipment Engineering Management and its Technical Application | |
| DOI | https://doi.org/10.1051/e3sconf/202125303001 | |
| Published online | 06 May 2021 | |
Social Capital at Venture Capital Firms and Their Financial Performance in China
1 Business School, Sichuan University Chengdu, China
2 Business School, Sichuan University, Chengdu 610065, P.R.C
3 College of Mathematics Sichuan University Chengdu, China
a Corresponding author: mao.youjia@gmail.com
b Corresponding author: qlcao@scu.edu.cn
c Corresponding author: yangbenzhang@126.com
By using social network analysis, this paper studies the extent to which social capital drives performance in the Chinese venture capital (VC) market and explores the trend toward VC syndication in China. First, this paper proposes a hybrid model based on syndicated social networks and the latent-variable model, which describes the social capital at VC firms and builds relationships between social capital and performance at VC firms. Then, this paper builds three hypotheses about the relationships and test the hypotheses using our proposed model. Some numerical simulations are given to support the test results. Finally, this paper shows the correlations between social capital and financial performance at VC firms which are weak in China due to the lack of mature social capital links.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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