پویایی جوامع شبکه و عملکرد سرمایه ریسک: شواهد از چین

This paper examines the impact of the dynamics of network communities on venture capital (VC) investment performance in China. We use Chinese VC market data for the period 2000 to 2015 and find that VCs’ cross-community movements have significant positive impacts on their subsequent performances, such as exit probability via initial public offerings (IPOs) and internal rate of return (IRR).