Zhou Yuhong
School of Economics and Commerce, South China University of Technology, Guangzhou, China
ABSTRACT
Transitional economics are in the process of institutional change and improvement. So, uncertainties in the system environment bring greater risk and instability to venture investment. However, superior network cooperation relations can achieve complementariness to resources of institutions in venture capital. Thus it is favorable for transmission of internal information. Moreover, it helps to overcome the adverse effect caused by the instability of system environment. 1593 Chinese start-ups invested by venture capital firms in 1989~2012 were adopted as the study sample. And 7151 venture capital events were used to construct a panel data model, proving the important role in the Transitional economics of venture capital firms network position on investment performance.
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How to cite this article
Zhou Yuhong, 2013. Investment Performance and Venture Capital Networks in Transitional Economics. Journal of Applied Sciences, 13: 1612-1620.
DOI: 10.3923/jas.2013.1612.1620
URL: https://scialert.net/abstract/?doi=jas.2013.1612.1620
DOI: 10.3923/jas.2013.1612.1620
URL: https://scialert.net/abstract/?doi=jas.2013.1612.1620
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