规模不经济
社会资本
透视图(图形)
社会网络分析
嵌入性
价值(数学)
结构孔
业务
网络分析
社交网络(社会语言学)
公共关系
知识管理
社会学
营销
社会科学
计算机科学
政治学
法学
社会化媒体
人工智能
物理
量子力学
机器学习
规模经济
作者
Xiaoteng Wu,Arzi Adbi,Ishtiaq P. Mahmood
标识
DOI:10.5465/amj.2022.0925
摘要
Management literature on how interorganizational relationships influence firm performance has emphasized the importance of connections, positions, and cliques. We advance this literature by examining how network communities (membership in cohesive network structures) shape the performance of venture capital (VC) firms. We propose that community insiders affiliated with at least one network community will outperform outsiders. We also explicate the conditions under which the advantages of network community affiliations are likely to be muted. Specifically, we argue for the potential diseconomies of network community affiliations and the possibility of a substitutive relationship between network communities and institutional development. Leveraging recent advances in community-detection technology and longitudinal data on VC firms in China, we find support for our theoretical arguments. Analysis of mechanisms underlying our theoretical arguments reveals that the value of community affiliations comes from indirect connections within network communities. By integrating social network and institutional perspectives, this study highlights not only the promises but also the limits of relying on network community affiliations.
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