The pattern, evolution, and mechanism of venture capital flows in the Guangdong-Hong Kong-Macao Greater Bay Area, China
文献类型:期刊论文
作者 | Wu Kangmin1,2; Wang Yang4; Zhang Hong'ou1,2; Liu Yi1,3; Ye Yuyao1,2; Yue Xiaoli2 |
刊名 | JOURNAL OF GEOGRAPHICAL SCIENCES
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出版日期 | 2022-10-01 |
卷号 | 32期号:10页码:2085-2104 |
关键词 | venture capital Guangdong-Hong Kong-Macao Greater Bay Area collaboration scale |
ISSN号 | 1009-637X |
DOI | 10.1007/s11442-022-2038-x |
通讯作者 | Wang Yang(wyxkwy@163.com) |
英文摘要 | As an important innovation flow, venture capital has been examined in urban network research. However, the segmentation of capital categories and the cross-scale connection of capital remain scarcely analyzed. This study focuses on the structure and industry differentiation of venture capital flows in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) and its cross-scale network characteristics. Based on a venture capital database covering capital amount, investment subject address information, and industry information (2000-2018), this article examines the spatial distribution and network structure of venture capital in the GBA by means of a distance-based test of spatial concentration approach and social network analysis. Key findings show that: (1) Venture capital institutions and startups in the GBA present a high-concentration distribution pattern. In the past 20 years, venture capital activities in the GBA have substantially increased, forming a complex urban network structure with Guangzhou, Shenzhen, and Hong Kong as the core of this network. (2) Different types of venture capital show significantly different urban network structures, with manufacturing, the Internet industry, the financial sector, the cultural media industry, and the medical and health industry as the five industry types with the largest capital flow in the GBA. (3) Cross-scale research on the venture capital network reveals the position of the GBA as a capital hub in China, which forms a dense venture capital connection network with major cities on a national scale. (4) The network structure of venture capital in the GBA is influenced by multi-dimensional proximity, institutional factors, urban economy, and path dependence. Along with these three key mechanisms, the GBA has grown into a national-scale and even global-scale venture capital center. |
WOS关键词 | PEARL RIVER DELTA ; NETWORK ; INVESTMENT ; INNOVATION ; GEOGRAPHY ; SERVICE ; CITY ; HETEROGENEITY ; PROXIMITY ; POLICY |
资助项目 | National Natural Science Foundation of China[42101182] ; National Natural Science Foundation of China[42130712] ; Technology Plan of Guangzhou[202201010319] ; GDAS Special Project of Science and Technology Development[2021 GDASYL-20210103004] ; GDAS Special Project of Science and Technology Development[2020GDASYL-20200104001] ; GDAS Special Project of Science and Technology Development[2020GDASYL-20200102002] |
WOS研究方向 | Physical Geography |
语种 | 英语 |
WOS记录号 | WOS:000863598800012 |
出版者 | SCIENCE PRESS |
资助机构 | National Natural Science Foundation of China ; Technology Plan of Guangzhou ; GDAS Special Project of Science and Technology Development |
源URL | [http://ir.igsnrr.ac.cn/handle/311030/185549] ![]() |
专题 | 中国科学院地理科学与资源研究所 |
通讯作者 | Wang Yang |
作者单位 | 1.Inst Strategy Res Guangdong, Guangzhou 510070, Peoples R China 2.Guangdong Acad Sci, Guangzhou Inst Geog, Guangdong Prov Key Lab Remote Sensing & Geog Info, Guangzhou 510070, Peoples R China 3.Chinese Acad Sci, Key Lab Reg Sustainable Dev Modeling, Inst Geog Sci & Nat Resources Res, Beijing 100101, Peoples R China 4.Yunnan Normal Univ, Fac Geog, Kunming 650500, Yunnan, Peoples R China |
推荐引用方式 GB/T 7714 | Wu Kangmin,Wang Yang,Zhang Hong'ou,et al. The pattern, evolution, and mechanism of venture capital flows in the Guangdong-Hong Kong-Macao Greater Bay Area, China[J]. JOURNAL OF GEOGRAPHICAL SCIENCES,2022,32(10):2085-2104. |
APA | Wu Kangmin,Wang Yang,Zhang Hong'ou,Liu Yi,Ye Yuyao,&Yue Xiaoli.(2022).The pattern, evolution, and mechanism of venture capital flows in the Guangdong-Hong Kong-Macao Greater Bay Area, China.JOURNAL OF GEOGRAPHICAL SCIENCES,32(10),2085-2104. |
MLA | Wu Kangmin,et al."The pattern, evolution, and mechanism of venture capital flows in the Guangdong-Hong Kong-Macao Greater Bay Area, China".JOURNAL OF GEOGRAPHICAL SCIENCES 32.10(2022):2085-2104. |
入库方式: OAI收割
来源:地理科学与资源研究所
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