Эксоцман
на главную поиск contacts

Syndication Networks and the Spatial Distribution of Venture Capital Investments

Опубликовано на портале: 29-05-2004
American Journal of Sociology. 1970.  Vol. 106. No. 6. P. 1546-1588. 
Sociological investigations of economic exchange reveal how institutions and social structures shape transaction patterns among economic actors. This article explores how interfirm networks in the U.S. venture capital (VC) market affect spatial patterns of exchange. Evidence suggests that information about potential investment opportunities generally circulates within geographic and industry spaces. In turn, the circumscribed flow of information within these spaces contributes to the geographic- and industry-localization of VC investments. Empirical analyses demonstrate that the social networks in the VC community built up through the industry's extensive use of syndicated investing diffuse information across boundaries and therefore expand the spatial radius of exchange. Venture capitalists that build axial positions in the industry's coinvestment network invest more frequently in spatially distant companies. Thus, variation in actors' positioning within the structure of the market appears to differentiate market participants' ability to overcome boundaries that otherwise would curtail exchange.
BiBTeX
RIS
Ключевые слова

См. также:
Brian Uzzi
American Sociological Review. 1999.  Vol. 64. No. 4. P. 481-505. 
[Статья]
Анна Андреевна Кузьмина, Олег Николаевич Яницкий
Социологический журнал. 1998.  № 3/4.
[Статья]
Joel M. Podolny, James N. Baron
American Sociological Review. 1997.  Vol. 62. No. 5. P. 673-693. 
[Статья]
Michael Pollitt
[Учебная программа]
Frank A. Wolak, Robert H. Patrick
NBER Working Paper Series. 1997.  No. 8248.
[Статья]
Roberto M. Fernandez, Emilio J. Castilla, Paul Moore
American Journal of Sociology. 2000.  Vol. 105. No. 5. P. 1288-1356. 
[Статья]
Jacqueline M. Hagan
American Sociological Review. 1998.  Vol. 63. No. 1. P. 55-67. 
[Статья]