Shuai Wang , Thitinant Wareewanich , Thitinan Chankoson
{"title":"新兴技术风险投资绩效的影响因素:以中国为例","authors":"Shuai Wang , Thitinant Wareewanich , Thitinan Chankoson","doi":"10.1016/j.ijis.2022.08.004","DOIUrl":null,"url":null,"abstract":"<div><p>This study aims to identify the systematic factors influencing venture capital performance in emerging technology. Emerging technologies are the driving force of contemporary economic and social development, but their technologies and markets are subject to great uncertainty. As a high-risk, high-yield investment method, venture capital plays an extremely important role in supporting technological innovation and promoting the upgrading of industrial structures. Following information processing theory, this study applies a quantitative analysis to data from 61 venture capitalists in Beijing, China using structural equation modeling (SEM). The sample firms were established since 2015 and invested mainly in emerging technology startups. The model passed the goodness-of-fit indices test and reveals that information acquisition, venture capital executives, and venture capital strategies have a positive impact on venture capital performance, and venture capital strategies played a partial mediating role.</p></div>","PeriodicalId":36449,"journal":{"name":"International Journal of Innovation Studies","volume":null,"pages":null},"PeriodicalIF":4.2000,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"3","resultStr":"{\"title\":\"Factors influencing venture capital perforsmance in emerging technology: The case of China\",\"authors\":\"Shuai Wang , Thitinant Wareewanich , Thitinan Chankoson\",\"doi\":\"10.1016/j.ijis.2022.08.004\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><p>This study aims to identify the systematic factors influencing venture capital performance in emerging technology. Emerging technologies are the driving force of contemporary economic and social development, but their technologies and markets are subject to great uncertainty. As a high-risk, high-yield investment method, venture capital plays an extremely important role in supporting technological innovation and promoting the upgrading of industrial structures. Following information processing theory, this study applies a quantitative analysis to data from 61 venture capitalists in Beijing, China using structural equation modeling (SEM). The sample firms were established since 2015 and invested mainly in emerging technology startups. The model passed the goodness-of-fit indices test and reveals that information acquisition, venture capital executives, and venture capital strategies have a positive impact on venture capital performance, and venture capital strategies played a partial mediating role.</p></div>\",\"PeriodicalId\":36449,\"journal\":{\"name\":\"International Journal of Innovation Studies\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":4.2000,\"publicationDate\":\"2023-03-01\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"3\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Innovation Studies\",\"FirstCategoryId\":\"95\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S209624872200042X\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"MANAGEMENT\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Innovation Studies","FirstCategoryId":"95","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S209624872200042X","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"MANAGEMENT","Score":null,"Total":0}
Factors influencing venture capital perforsmance in emerging technology: The case of China
This study aims to identify the systematic factors influencing venture capital performance in emerging technology. Emerging technologies are the driving force of contemporary economic and social development, but their technologies and markets are subject to great uncertainty. As a high-risk, high-yield investment method, venture capital plays an extremely important role in supporting technological innovation and promoting the upgrading of industrial structures. Following information processing theory, this study applies a quantitative analysis to data from 61 venture capitalists in Beijing, China using structural equation modeling (SEM). The sample firms were established since 2015 and invested mainly in emerging technology startups. The model passed the goodness-of-fit indices test and reveals that information acquisition, venture capital executives, and venture capital strategies have a positive impact on venture capital performance, and venture capital strategies played a partial mediating role.