Network triads: Transitivity, referral and venture capital decisions in China and Russia

• 成果类型: Article
• 署名作者: Batjargal, Bat
• 署名单位: Harvard University; Peking University
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400302
• 发表日期: 2007
• 页码: 998-1012
• 关键词: triads; transitivity; Referral; venture capital; CHINA; RUSSIA

摘要

This article examines the effects of dyadic ties and interpersonal trust on referrals and investment decisions of venture capitalists in the Chinese and Russian contexts. The study uses the postulate of transitivity of social network theory as a conceptual framework. The findings reveal that referee-venture capitalist tie, referee-entrepreneur tie, and interpersonal trust between referee and venture capitalist have positive effects on referrals and investment decisions of venture capitalists. The institutional, social and cultural differences between China and Russia have minimal effects on referrals. Interpersonal trust has positive effects on investment decisions in Russia.