School of Management, Yulin University, Yulin 719000, China.
Department of Management, Monash University, Melbourne, VIC 3800, Australia.
Int J Environ Res Public Health. 2021 Nov 13;18(22):11943. doi: 10.3390/ijerph182211943.
In order to explore the internal connection between information sharing and investment performance in the venture capital network community, this study took environmental-governance start-ups as the research object and used the 2009-2020 environmental-social enterprise start-up venture capital investment events as a data sample. The successful exit rate of the venture capital portfolio and the successful listing rate of investment ventures were used as the measurement criteria. Combined with regression analysis, the relationship between information sharing and investment performance in the venture capital network community was analyzed in detail. Research shows that there are differences between the ways of information sharing in the venture capital network communities. In the regression results, all coefficients are less than 0.01. There is a positive correlation between information sharing and investment performance in the venture capital network community. With the increase in enterprise characteristic variables, the degree of enterprise risk information sharing is getting higher and higher. This ultimately leads to more and more frequent corporate investment performance and a higher possibility of acquisition. Among them, the degree of information sharing in the venture capital network community is relatively high, and venture capital companies that are supported by corporate venture capital institutions will benefit even more from listed capital. Not only was the analysis of the relationship between finance and investment in the venture capital network community pointed out in this research, but also the investment development of entrepreneurial enterprises was also provided with feasible suggestions.
为了探索风险投资网络社区中信息共享与投资绩效之间的内在联系,本研究以环境治理初创企业为研究对象,以 2009-2020 年环境-社会企业初创企业风险投资投资事件为数据样本。采用风险投资组合的成功退出率和投资企业的成功上市率作为衡量标准。结合回归分析,详细分析了风险投资网络社区中信息共享与投资绩效之间的关系。研究表明,风险投资网络社区中的信息共享方式存在差异。在回归结果中,所有系数均小于 0.01。风险投资网络社区中的信息共享与投资绩效之间存在正相关关系。随着企业特征变量的增加,企业风险信息共享程度越来越高。这最终导致企业投资绩效越来越频繁,收购的可能性也越来越大。其中,风险投资网络社区的信息共享程度较高,得到企业风险投资机构支持的风险投资公司将从上市资本中获益更多。本研究不仅指出了风险投资网络社区中金融与投资的关系分析,还为创业企业的投资发展提供了可行的建议。