Exploring the influence of social capital on innovation networks in emerging industries: the mediating role of knowledge sharing

In the face of rapidly evolving global markets, understanding the drivers of innovation network in emerging industries is crucial. Drawing on cooperative patent data from China's new energy vehicle (NEV) industry from 2001 to 2019, this study uses social network analysis (SNA) and the quadratic assignment procedure (QAP) to empirically assess the effects of social capital on the innovation networks of emerging industries. The results revealed that during the growth and prosperity periods, the bonding structure has a positive impact on the formation of cooperative relationships, and the bridging structure has no effect. Cognitive and relational capital have continuous and significant positive impacts on the formation of cooperative relationships. In addition, knowledge sharing plays a significant mediating role in the process through which social capital affects innovation networks. This study not only advances our understanding of the dynamics within emerging industries but also provides valuable insights for policymakers and industry leaders seeking to foster innovation-driven growth. The implications of these findings are particularly pertinent in guiding strategic decision-making and policy formulation in sectors akin to the NEV industry.