{"id":"https://openalex.org/W3037838874","doi":"https://doi.org/10.1155/2020/4650160","title":"A Social Network Analysis on Venture Capital Alliance\u2019s Exit from an Emerging Market","display_name":"A Social Network Analysis on Venture Capital Alliance\u2019s Exit from an Emerging Market","publication_year":2020,"publication_date":"2020-06-28","ids":{"openalex":"https://openalex.org/W3037838874","doi":"https://doi.org/10.1155/2020/4650160","mag":"3037838874"},"language":"en","primary_location":{"id":"doi:10.1155/2020/4650160","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2020/4650160","pdf_url":"https://downloads.hindawi.com/journals/complexity/2020/4650160.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://downloads.hindawi.com/journals/complexity/2020/4650160.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5101497776","display_name":"Jing Wu","orcid":"https://orcid.org/0000-0003-1853-6025"},"institutions":[{"id":"https://openalex.org/I204831749","display_name":"Southwestern University of Finance and Economics","ror":"https://ror.org/04ewct822","country_code":"CN","type":"education","lineage":["https://openalex.org/I204831749"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Jing Wu","raw_affiliation_strings":["School of Economic Information Engineering, Laboratory for Financial Intelligence and Financial Engineering, Southwestern University of Finance and Economics, No. 555 Liutai Ave, Wenjiang, Chengdu 611130, China"],"affiliations":[{"raw_affiliation_string":"School of Economic Information Engineering, Laboratory for Financial Intelligence and Financial Engineering, Southwestern University of Finance and Economics, No. 555 Liutai Ave, Wenjiang, Chengdu 611130, China","institution_ids":["https://openalex.org/I204831749"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5100528753","display_name":"Chuan Luo","orcid":null},"institutions":[{"id":"https://openalex.org/I204831749","display_name":"Southwestern University of Finance and Economics","ror":"https://ror.org/04ewct822","country_code":"CN","type":"education","lineage":["https://openalex.org/I204831749"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Chuan Luo","raw_affiliation_strings":["School of Economic Information Engineering, Collaborative Innovation Centre for the Innovation and Regulation of Internet-based Finance, Southwestern University of Finance and Economics, No. 555 Liutai Ave, Wenjiang, Chengdu 611130, China"],"affiliations":[{"raw_affiliation_string":"School of Economic Information Engineering, Collaborative Innovation Centre for the Innovation and Regulation of Internet-based Finance, Southwestern University of Finance and Economics, No. 555 Liutai Ave, Wenjiang, Chengdu 611130, China","institution_ids":["https://openalex.org/I204831749"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100343968","display_name":"Ling Liu","orcid":null},"institutions":[{"id":"https://openalex.org/I204831749","display_name":"Southwestern University of Finance and Economics","ror":"https://ror.org/04ewct822","country_code":"CN","type":"education","lineage":["https://openalex.org/I204831749"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Ling Liu","raw_affiliation_strings":["School of Economic Information Engineering, Collaborative Innovation Centre for the Innovation and Regulation of Internet-based Finance, Southwestern University of Finance and Economics, No. 555 Liutai Ave, Wenjiang, Chengdu 611130, China"],"affiliations":[{"raw_affiliation_string":"School of Economic Information Engineering, Collaborative Innovation Centre for the Innovation and Regulation of Internet-based Finance, Southwestern University of Finance and Economics, No. 555 Liutai Ave, Wenjiang, Chengdu 611130, China","institution_ids":["https://openalex.org/I204831749"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5101497776"],"corresponding_institution_ids":["https://openalex.org/I204831749"],"apc_list":{"value":2300,"currency":"USD","value_usd":2300},"apc_paid":{"value":2300,"currency":"USD","value_usd":2300},"fwci":1.0022,"has_fulltext":true,"cited_by_count":3,"citation_normalized_percentile":{"value":0.79676609,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":90,"max":95},"biblio":{"volume":"2020","issue":null,"first_page":"1","last_page":"10"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9871000051498413,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10058","display_name":"Entrepreneurship Studies and Influences","score":0.9746000170707703,"subfield":{"id":"https://openalex.org/subfields/1405","display_name":"Management of Technology and Innovation"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/alliance","display_name":"Alliance","score":0.8647588491439819},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.6465353965759277},{"id":"https://openalex.org/keywords/venture-capital","display_name":"Venture capital","score":0.6035898327827454},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"Emerging markets","score":0.5858577489852905},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.5599913597106934},{"id":"https://openalex.org/keywords/mechanism","display_name":"Mechanism (biology)","score":0.5126806497573853},{"id":"https://openalex.org/keywords/credibility","display_name":"Credibility","score":0.5118314623832703},{"id":"https://openalex.org/keywords/value","display_name":"Value (mathematics)","score":0.4544858932495117},{"id":"https://openalex.org/keywords/china","display_name":"China","score":0.4322052299976349},{"id":"https://openalex.org/keywords/cash-flow","display_name":"Cash flow","score":0.41379058361053467},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.33116137981414795},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.32570213079452515},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.19652393460273743}],"concepts":[{"id":"https://openalex.org/C2778431023","wikidata":"https://www.wikidata.org/wiki/Q878249","display_name":"Alliance","level":2,"score":0.8647588491439819},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6465353965759277},{"id":"https://openalex.org/C21279758","wikidata":"https://www.wikidata.org/wiki/Q219409","display_name":"Venture capital","level":2,"score":0.6035898327827454},{"id":"https://openalex.org/C121087249","wikidata":"https://www.wikidata.org/wiki/Q546395","display_name":"Emerging markets","level":2,"score":0.5858577489852905},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.5599913597106934},{"id":"https://openalex.org/C89611455","wikidata":"https://www.wikidata.org/wiki/Q6804646","display_name":"Mechanism (biology)","level":2,"score":0.5126806497573853},{"id":"https://openalex.org/C2780224610","wikidata":"https://www.wikidata.org/wiki/Q1530061","display_name":"Credibility","level":2,"score":0.5118314623832703},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.4544858932495117},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.4322052299976349},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.41379058361053467},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.33116137981414795},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32570213079452515},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.19652393460273743},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1155/2020/4650160","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2020/4650160","pdf_url":"https://downloads.hindawi.com/journals/complexity/2020/4650160.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:hin:complx:4650160","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/8503/2020/4650160.xml","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"pmh:oai:doaj.org/article:f80b07e4fc4442edaa00cc141fe6d381","is_oa":true,"landing_page_url":"https://doaj.org/article/f80b07e4fc4442edaa00cc141fe6d381","pdf_url":null,"source":{"id":"https://openalex.org/S112646816","display_name":"SHILAP Revista de lepidopterolog\u00eda","issn_l":"0300-5267","issn":["0300-5267","2340-4078"],"is_oa":true,"is_in_doaj":true,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Complexity, Vol 2020 (2020)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2020/4650160","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2020/4650160","pdf_url":"https://downloads.hindawi.com/journals/complexity/2020/4650160.pdf","source":{"id":"https://openalex.org/S207319443","display_name":"Complexity","issn_l":"1076-2787","issn":["1076-2787","1099-0526"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310319869","host_organization_name":"Hindawi Publishing Corporation","host_organization_lineage":["https://openalex.org/P4310319869"],"host_organization_lineage_names":["Hindawi Publishing Corporation"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Complexity","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9","score":0.4399999976158142}],"awards":[{"id":"https://openalex.org/G1573695304","display_name":null,"funder_award_id":"20YJA630071","funder_id":"https://openalex.org/F4320335787","funder_display_name":"Fundamental Research Funds for the Central Universities"},{"id":"https://openalex.org/G1729969284","display_name":null,"funder_award_id":"20YJA630071","funder_id":"https://openalex.org/F4320321106","funder_display_name":"Ministry of Education of the People's Republic of China"},{"id":"https://openalex.org/G2376276132","display_name":null,"funder_award_id":"China","funder_id":"https://openalex.org/F4320335787","funder_display_name":"Fundamental Research Funds for the Central Universities"},{"id":"https://openalex.org/G5593514574","display_name":null,"funder_award_id":"JBK2002025","funder_id":"https://openalex.org/F4320321106","funder_display_name":"Ministry of Education of the People's Republic of China"},{"id":"https://openalex.org/G8464849483","display_name":null,"funder_award_id":"JBK2002025","funder_id":"https://openalex.org/F4320335787","funder_display_name":"Fundamental Research Funds for the Central Universities"}],"funders":[{"id":"https://openalex.org/F4320321106","display_name":"Ministry of Education of the People's Republic of China","ror":"https://ror.org/01mv9t934"},{"id":"https://openalex.org/F4320322724","display_name":"Ministry of Education, India","ror":"https://ror.org/048xjjh50"},{"id":"https://openalex.org/F4320335787","display_name":"Fundamental Research Funds for the Central Universities","ror":null}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3037838874.pdf","grobid_xml":"https://content.openalex.org/works/W3037838874.grobid-xml"},"referenced_works_count":47,"referenced_works":["https://openalex.org/W131880392","https://openalex.org/W259188717","https://openalex.org/W1979946867","https://openalex.org/W1999216122","https://openalex.org/W2013502324","https://openalex.org/W2029511935","https://openalex.org/W2035185877","https://openalex.org/W2038765589","https://openalex.org/W2048832996","https://openalex.org/W2050342348","https://openalex.org/W2052789946","https://openalex.org/W2056944867","https://openalex.org/W2066309749","https://openalex.org/W2067337302","https://openalex.org/W2067469052","https://openalex.org/W2079325072","https://openalex.org/W2088573601","https://openalex.org/W2088934926","https://openalex.org/W2097399646","https://openalex.org/W2108208099","https://openalex.org/W2110765734","https://openalex.org/W2116550150","https://openalex.org/W2117477253","https://openalex.org/W2123333844","https://openalex.org/W2133972046","https://openalex.org/W2144017085","https://openalex.org/W2150587481","https://openalex.org/W2151287285","https://openalex.org/W2153450371","https://openalex.org/W2154458282","https://openalex.org/W2158482756","https://openalex.org/W2166626588","https://openalex.org/W3023077960","https://openalex.org/W3122371828","https://openalex.org/W3122873328","https://openalex.org/W3123166535","https://openalex.org/W3123318070","https://openalex.org/W3123534837","https://openalex.org/W3123577282","https://openalex.org/W3123946679","https://openalex.org/W3124261847","https://openalex.org/W3124616546","https://openalex.org/W3125183909","https://openalex.org/W3125331532","https://openalex.org/W4206886857","https://openalex.org/W4231501241","https://openalex.org/W4240559450"],"related_works":["https://openalex.org/W2388687352","https://openalex.org/W2370187191","https://openalex.org/W1990162851","https://openalex.org/W3125302265","https://openalex.org/W2369854048","https://openalex.org/W2374291020","https://openalex.org/W2355907197","https://openalex.org/W4242931393","https://openalex.org/W3171042291","https://openalex.org/W2390961115"],"abstract_inverted_index":{"This":[0],"study":[1],"investigated":[2],"the":[3,37,48,53,56,74,79,86,103,106,124,128,135,150,160],"impacts":[4],"of":[5,105,130,137,152],"network":[6],"structure":[7],"on":[8,62],"a":[9,33,42,59,116,138],"venture":[10],"capital":[11,35],"(VC)":[12],"alliance\u2019s":[13,108,118,140],"successful":[14,63,141],"exit":[15,64],"from":[16],"an":[17,98],"emerging":[18,49,153],"market":[19],"by":[20,65,93,123],"empirically":[21],"analyzing":[22],"joint":[23],"VC":[24,107,117,125,139],"data":[25],"in":[26,73,132],"China.":[27],"We":[28],"find":[29],"that,":[30],"compared":[31],"to":[32,84,90,149,158],"mature":[34],"market,":[36],"mechanism":[38,57,80],"not":[39,82],"only":[40],"has":[41,58],"certain":[43],"commonality":[44,54],"but":[45],"also":[46],"shows":[47],"market\u2019s":[50],"particularities.":[51],"From":[52],"perspective,":[55],"positive":[60],"effect":[61],"obtaining":[66,94],"heterogeneity":[67],"information.":[68],"These":[69],"particularities":[70],"are":[71],"manifested":[72],"following":[75],"three":[76],"aspects.":[77],"First,":[78],"is":[81,121],"conducive":[83],"deepening":[85],"enterprise":[87,112],"value":[88],"chain":[89],"establish":[91],"credibility":[92],"short-term":[95],"cash":[96],"during":[97],"initial":[99],"public":[100],"offering":[101],"with":[102],"enhancement":[104],"intervention":[109],"ability":[110],"for":[111],"development.":[113],"In":[114],"addition,":[115],"independent":[119],"judgment":[120],"bound":[122],"market.":[126],"Furthermore,":[127],"problem":[129],"over-trust":[131],"investees":[133],"reduces":[134],"likelihood":[136],"exit.":[142],"Therefore,":[143],"we":[144],"should":[145],"pay":[146],"more":[147],"attention":[148],"particularity":[151],"markets":[154],"such":[155],"as":[156],"China":[157],"improve":[159],"relevant":[161],"management":[162],"mechanism.":[163]},"counts_by_year":[{"year":2022,"cited_by_count":1},{"year":2021,"cited_by_count":2}],"updated_date":"2026-04-10T15:06:20.359241","created_date":"2025-10-10T00:00:00"}