English (United Kingdom)

https://curated-unify.zendy.io/wp-json/zendy-region/v1/featured_content/oa?rat=en

https://curated-unify.zendy.io/wp-json/zendy-region/v1/highlighted_journal/

Global: Zendy Plus annual

Presents the access of premium content as premium feature

Premium Content

Presents the keyphrase highlighting as premium feature

Keyphrase Highlighting

Presents the summarisation as premium feature

Summarisation

Insights

Presents the pdf analysis as premium feature

PDF Analysis

Presents the zaia usage as premium feature

ZAIA

Global: Zendy Plus monthly

Global: Zendy Tools annual

Global: Zendy Tools monthly

Global: Zendy Free Plan

This paper uses a network dynamics model to explain the formation of asmall-world network with an elite-clique. This network is a small-world networkwith an elite-clique at its center in which elites are also the centers of manysmall groups. These leaders also act as bridges between different small groups.Network dynamics are an important research topic due to their ability toexplain the evolution of network structures. In this paper, a Chinese VentureCapital (VC) network was coded from joint investments between VC firms and thenanalyzed to uncover its network properties and factors that influence itsevolution. We first built a random graph model to control for factors such asnetwork scale, network growth, investment frequency and syndication tendency.Then we added a partner-selection mechanism and used two theories to analyzethe formation of network structure: relational embeddedness and structuralembeddedness. After that, we ran simulations and compared the three models withthe actual Chinese VC network. To do this we computed the elite-clique's EIindex, degree distribution, clustering coefficient distribution and motifs.Results show that adding embeddedness theories significantly improved thenetwork dynamic model's predictive power, and help us uncover the mechanismsthat affect the formation of a small-world industrial network with anelite-clique at its center.

Exploring Small-World Network with an Elite-Clique: Bringing Embeddedness Theory into the Dynamic Evolution of a Venture Capital Network