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| Network Structure and Regional Cooperation Analysis of Regional Venture Capital in China |
| Ruan Pingnan,Guo Wenjing,Yang Juan |
| (College of Economic and Management, Beijing University of Technology, Beijing 100124, China) |
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Abstract In order to reveal the spatial behavior of venture capital and promote the role of venture capital to advance the development of regional economy, this study utilizes the social network model to analyze the regional network structure of China's venture investment from three perspectives——macro, medium and micro. Analysis of the cooperation behavior between regions and the formation of regional networks are conducted meanwhile. The results show that nodes of the regional network of venture capital in China are mutually beneficial; the regional network is divided into core zone, half edge zone and edge zone, with the fact that core zone members are stable and a general trend of moving from half edge zone to edge zone discovered; the development of the core zone mainly relies on mutual investment in the core zone, which is manifested as geographical investment concentration; the half edge zone shows a strong attraction, relying mainly on their own regional resources and endowments to attract venture capital institutions in the core zone to invest. The node of the core zone is more inclined to form the investment partnership because it belongs to the core zone, not just because the other end of the relationship formation belongs to the same zone with itself.
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Received: 20 March 2019
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