摘要
为研究风险投资机构外部资源获取对投资绩效的影响,以及内部资源整合在二者间的中介作用,运用多元回归模型分析,研究结果表明:投资机构外部资源获取与投资绩效存在显著倒U型关系;外部资源获取与内部资源整合存在显著倒U型关系;内部资源整合与投资绩效存在显著正相关关系;内部资源整合在投资机构外部资源获取对投资绩效的影响中起部分中介作用。研究结果对投资机构提升资源整合能力和投资绩效具有重要意义。
The paper studies the impact of external resource acquisition on venture capital firms’ investment performance and the role of internal resource integration as an intermediary between them by using the multiple regression model.The results are as follows.The relationship between venture capital firms’ external resource acquisition and investment performance is of significantly inverted U type;the relationship between venture capital firms’ external resource acquisition and internal resource integration takes the form of an inverted U;venture capital firms’ internal resource integration has a positive effect on investment performance;internal resource integration plays a partial mediating role in the impact of external resource acquisition on investment performance.The research results are of great significance in venture capital firms’ improving their resource integration ability and investment performance.
作者
石琳
杨倩
SHI Lin;YANG Qian(School of Economics and Management,Xi’an Technological University,Xi’an 710021,China)
出处
《西安工业大学学报》
CAS
2019年第2期234-240,共7页
Journal of Xi’an Technological University
基金
国家自然科学基金(71572146)
国家教育部青年基金(18YJC630046)
陕西省软科学研究项目(2018KRM076)
陕西省社会科学基金(2018S21)
关键词
风险投资机构
外部资源获取
内部资源整合
投资绩效
venture capital firm
external resource acquisition
internal resource integration
investment performance
