{"id":"https://openalex.org/W4303833888","doi":"https://doi.org/10.1155/2022/8130688","title":"The Influence Mechanism of Knowledge Heterogeneity of Venture Capital Syndication on Innovation Performance of Entrepreneurial Firms: Evidence from China","display_name":"The Influence Mechanism of Knowledge Heterogeneity of Venture Capital Syndication on Innovation Performance of Entrepreneurial Firms: Evidence from China","publication_year":2022,"publication_date":"2022-01-01","ids":{"openalex":"https://openalex.org/W4303833888","doi":"https://doi.org/10.1155/2022/8130688"},"language":"en","primary_location":{"id":"doi:10.1155/2022/8130688","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2022/8130688","pdf_url":"https://downloads.hindawi.com/journals/complexity/2022/8130688.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/2022/8130688.pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5100774939","display_name":"Huiying Zhang","orcid":"https://orcid.org/0000-0001-5747-2090"},"institutions":[{"id":"https://openalex.org/I162868743","display_name":"Tianjin University","ror":"https://ror.org/012tb2g32","country_code":"CN","type":"education","lineage":["https://openalex.org/I162868743"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Huiying Zhang","raw_affiliation_strings":["College of Management & Economics, Tianjin University, Tianjin 300072, China","College of Management & Economics, Tianjin University, Tianjin 300072"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Management & Economics, Tianjin University, Tianjin 300072, China","institution_ids":["https://openalex.org/I162868743"]},{"raw_affiliation_string":"College of Management & Economics, Tianjin University, Tianjin 300072","institution_ids":["https://openalex.org/I162868743"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5072967416","display_name":"Xiangchun Li","orcid":"https://orcid.org/0000-0003-4836-5765"},"institutions":[{"id":"https://openalex.org/I162868743","display_name":"Tianjin University","ror":"https://ror.org/012tb2g32","country_code":"CN","type":"education","lineage":["https://openalex.org/I162868743"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Xiangchun Li","raw_affiliation_strings":["College of Management & Economics, Tianjin University, Tianjin 300072, China","College of Management & Economics, Tianjin University, Tianjin 300072"],"raw_orcid":"https://orcid.org/0000-0003-4836-5765","affiliations":[{"raw_affiliation_string":"College of Management & Economics, Tianjin University, Tianjin 300072, China","institution_ids":["https://openalex.org/I162868743"]},{"raw_affiliation_string":"College of Management & Economics, Tianjin University, Tianjin 300072","institution_ids":["https://openalex.org/I162868743"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5100457421","display_name":"Meng Liu","orcid":"https://orcid.org/0000-0001-9865-5811"},"institutions":[{"id":"https://openalex.org/I110109458","display_name":"Tianjin University of Commerce","ror":"https://ror.org/02b6amy98","country_code":"CN","type":"education","lineage":["https://openalex.org/I110109458"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Meng Liu","raw_affiliation_strings":["School of Management, Tianjin University of Commerce, Tianjin 300134, China","School of Management, Tianjin University of Commerce, Tianjin 300134"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management, Tianjin University of Commerce, Tianjin 300134, China","institution_ids":["https://openalex.org/I110109458"]},{"raw_affiliation_string":"School of Management, Tianjin University of Commerce, Tianjin 300134","institution_ids":["https://openalex.org/I110109458"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5072967416"],"corresponding_institution_ids":["https://openalex.org/I162868743"],"apc_list":{"value":2300,"currency":"USD","value_usd":2300},"apc_paid":{"value":2300,"currency":"USD","value_usd":2300},"fwci":1.1433,"has_fulltext":true,"cited_by_count":4,"citation_normalized_percentile":{"value":0.81039582,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":96},"biblio":{"volume":"2022","issue":"1","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.9998999834060669,"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":0.9998999834060669,"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":0.9955999851226807,"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":0.9869999885559082,"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/venture-capital","display_name":"Venture capital","score":0.6880663633346558},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.6361586451530457},{"id":"https://openalex.org/keywords/absorptive-capacity","display_name":"Absorptive capacity","score":0.5846438407897949},{"id":"https://openalex.org/keywords/web-syndication","display_name":"Web syndication","score":0.5764106512069702},{"id":"https://openalex.org/keywords/knowledge-transfer","display_name":"Knowledge transfer","score":0.5749217867851257},{"id":"https://openalex.org/keywords/mechanism","display_name":"Mechanism (biology)","score":0.4717805087566376},{"id":"https://openalex.org/keywords/panel-data","display_name":"Panel data","score":0.45410406589508057},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.4505862593650818},{"id":"https://openalex.org/keywords/perspective","display_name":"Perspective (graphical)","score":0.4490740895271301},{"id":"https://openalex.org/keywords/knowledge-spillover","display_name":"Knowledge spillover","score":0.4131816029548645},{"id":"https://openalex.org/keywords/knowledge-management","display_name":"Knowledge management","score":0.3553088307380676},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.17447808384895325},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.10920581221580505}],"concepts":[{"id":"https://openalex.org/C21279758","wikidata":"https://www.wikidata.org/wiki/Q219409","display_name":"Venture capital","level":2,"score":0.6880663633346558},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6361586451530457},{"id":"https://openalex.org/C2777724570","wikidata":"https://www.wikidata.org/wiki/Q4669907","display_name":"Absorptive capacity","level":2,"score":0.5846438407897949},{"id":"https://openalex.org/C88962883","wikidata":"https://www.wikidata.org/wiki/Q260531","display_name":"Web syndication","level":3,"score":0.5764106512069702},{"id":"https://openalex.org/C2776960227","wikidata":"https://www.wikidata.org/wiki/Q2586354","display_name":"Knowledge transfer","level":2,"score":0.5749217867851257},{"id":"https://openalex.org/C89611455","wikidata":"https://www.wikidata.org/wiki/Q6804646","display_name":"Mechanism (biology)","level":2,"score":0.4717805087566376},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.45410406589508057},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.4505862593650818},{"id":"https://openalex.org/C12713177","wikidata":"https://www.wikidata.org/wiki/Q1900281","display_name":"Perspective (graphical)","level":2,"score":0.4490740895271301},{"id":"https://openalex.org/C2776936074","wikidata":"https://www.wikidata.org/wiki/Q6423399","display_name":"Knowledge spillover","level":2,"score":0.4131816029548645},{"id":"https://openalex.org/C56739046","wikidata":"https://www.wikidata.org/wiki/Q192060","display_name":"Knowledge management","level":1,"score":0.3553088307380676},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.17447808384895325},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.10920581221580505},{"id":"https://openalex.org/C154945302","wikidata":"https://www.wikidata.org/wiki/Q11660","display_name":"Artificial intelligence","level":1,"score":0.0},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","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/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"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:10.1155/2022/8130688","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2022/8130688","pdf_url":"https://downloads.hindawi.com/journals/complexity/2022/8130688.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:8130688","is_oa":false,"landing_page_url":"http://downloads.hindawi.com/journals/complexity/2022/8130688.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:a72ce171fbbb4ac3977578eb1af6d9f2","is_oa":true,"landing_page_url":"https://doaj.org/article/a72ce171fbbb4ac3977578eb1af6d9f2","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"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 2022 (2022)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1155/2022/8130688","is_oa":true,"landing_page_url":"https://doi.org/10.1155/2022/8130688","pdf_url":"https://downloads.hindawi.com/journals/complexity/2022/8130688.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":0.47999998927116394}],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4303833888.pdf","grobid_xml":"https://content.openalex.org/works/W4303833888.grobid-xml"},"referenced_works_count":62,"referenced_works":["https://openalex.org/W8562159","https://openalex.org/W1593162059","https://openalex.org/W1598169462","https://openalex.org/W1966598925","https://openalex.org/W1970160279","https://openalex.org/W1988712064","https://openalex.org/W1999480837","https://openalex.org/W1999503658","https://openalex.org/W2005346306","https://openalex.org/W2005545015","https://openalex.org/W2006329528","https://openalex.org/W2007074184","https://openalex.org/W2012568686","https://openalex.org/W2013637188","https://openalex.org/W2017124631","https://openalex.org/W2022109314","https://openalex.org/W2034938603","https://openalex.org/W2040753713","https://openalex.org/W2048832996","https://openalex.org/W2055836025","https://openalex.org/W2064250124","https://openalex.org/W2090844724","https://openalex.org/W2092398391","https://openalex.org/W2103225178","https://openalex.org/W2108795964","https://openalex.org/W2112265232","https://openalex.org/W2114102577","https://openalex.org/W2117349264","https://openalex.org/W2131696093","https://openalex.org/W2139122730","https://openalex.org/W2141086182","https://openalex.org/W2143439038","https://openalex.org/W2149062588","https://openalex.org/W2157610737","https://openalex.org/W2160449301","https://openalex.org/W2172157658","https://openalex.org/W2173048091","https://openalex.org/W2179492332","https://openalex.org/W2186082209","https://openalex.org/W2585721783","https://openalex.org/W2601503595","https://openalex.org/W2685003786","https://openalex.org/W2913527708","https://openalex.org/W3121268966","https://openalex.org/W3121817381","https://openalex.org/W3122008288","https://openalex.org/W3122371828","https://openalex.org/W3123144755","https://openalex.org/W3123495781","https://openalex.org/W3123903897","https://openalex.org/W3124314314","https://openalex.org/W3124829139","https://openalex.org/W3124971833","https://openalex.org/W3125883484","https://openalex.org/W3149694702","https://openalex.org/W3188677545","https://openalex.org/W4210863563","https://openalex.org/W4214741221","https://openalex.org/W4253349101","https://openalex.org/W4292811746","https://openalex.org/W4301087762","https://openalex.org/W4388147587"],"related_works":["https://openalex.org/W2380162605","https://openalex.org/W1997188386","https://openalex.org/W2352772448","https://openalex.org/W1498740649","https://openalex.org/W2860827566","https://openalex.org/W2051427695","https://openalex.org/W3123071922","https://openalex.org/W2369924223","https://openalex.org/W3121567307","https://openalex.org/W2119719587"],"abstract_inverted_index":{"Venture":[0],"capital":[1,93],"syndication":[2],"(VCS),":[3],"an":[4],"investment":[5,64],"model,":[6],"is":[7],"gaining":[8],"increasing":[9],"attention.":[10],"This":[11,127],"paper":[12,128],"uses":[13],"a":[14,130,145],"new":[15,131],"perspective":[16,148],"on":[17,30],"knowledge":[18,26,54,62,65,69,74,78,113,123,146],"transfer":[19,147],"to":[20],"explore":[21],"the":[22,31,44,53,82,91,103,110,120,135,151],"influence":[23],"mechanism":[24],"of":[25,35,56,84,95,106,134,141,154],"heterogeneity":[27,55,75,79,114,124],"in":[28],"VCS":[29,57,107,138],"innovation":[32],"performance":[33],"(IP)":[34],"entrepreneurial":[36,85,96,142],"firms.":[37,86],"We":[38,87],"use":[39],"firm\u2010year":[40],"panel":[41],"data":[42],"from":[43,144],"Shenzhen":[45],"Stock":[46],"Exchange":[47],"for":[48],"2000\u20132017":[49],"and":[50,67,76,115,117,125,139,149],"find":[51,89],"that":[52,90],"includes,":[58],"at":[59],"least,":[60],"management":[61,73],"heterogeneity,":[63,66],"technical":[68,77],"heterogeneity.":[70],"In":[71],"particular,":[72],"positively":[80,108],"affect":[81],"IP":[83,116,140],"further":[88],"intellectual":[92],"(IC)":[94],"firms":[97,143],"mediates":[98],"these":[99],"positive":[100],"relationships.":[101],"Moreover,":[102],"equity":[104],"concentration":[105],"moderates":[109,119],"relationship":[111,121,136],"between":[112,122,137],"negatively":[118],"IC.":[126],"provides":[129],"theoretical":[132],"explanation":[133],"explores":[150],"impact":[152],"paths":[153],"this":[155],"relationship.":[156]},"counts_by_year":[{"year":2025,"cited_by_count":2},{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}
