文献类型：期刊文献

英文题名：Topological properties and community detection of venture capital network: Evidence from China

作者：Jin, Yonghong[1];Zhang, Qi[1];Li, Sai-Ping[2]

机构：[1]E China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China;[2]Acad Sinica, Inst Phys, Taipei 11529, Taiwan

年份：2016

卷号：442

起止页码：300

外文期刊名：PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS

收录：;EI(收录号：20154201388602);WOS:【SSCI(收录号:WOS:000364248400030)，SCI-EXPANDED(收录号:WOS:000364248400030)】；

语种：英文

外文关键词：Complex network; Venture capital; Topological property; Community

摘要：Financial networks have been extensively studied as examples of real world complex networks. Based on the data from Chinese GEM and SME board, we establish a venture capital (VC) network to study the statistical properties, topological properties and community structure of the Chinese venture capital network. The result shows that there are no dominant venture capital firms in China which act as hubs in the VC network, and multi-company syndication is not popular in China, meaning that the relationships among venture capital companies are weak. The network is robust under either random or intentional attack, and possesses small world property. We also find from its community structure that, venture capital companies are more concentrated in developed districts but the links within the same district are scarce as compared to the links between different developed districts, indicating that venture capital companies are more willing to syndicate with companies in other developed districts. Furthermore, venture capital companies which invest in the same industry have closer relations within their communities than those which do not invest in the same industry. (C) 2015 Elsevier B.V. All rights reserved.