Exploring China's venture capital investment dynamics and influencing factors: a perspective of intercity flow
文献类型：期刊论文
| 作者 | Du, Delin3; Wang, Jiaoe1,3; Li, Jianjun2 |
| 刊名 | HABITAT INTERNATIONAL
 |
| 出版日期 | 2025-10-01 |
| 卷号 | 164页码:103528 |
| 关键词 | Venture capital City centrality Spatial structure Machine learning Explainable artificial intelligence |
| ISSN号 | 0197-3975 |
| DOI | 10.1016/j.habitatint.2025.103528 |
| 产权排序 | 1 |
| 文献子类 | Article |
| 英文摘要 | Venture capital (VC) investment process involves the movement of capital, information, and knowledge, influencing the city network. China's intercity VC investments have progressively expanded, giving rise to a large and complex network. The Yangtze River Delta (YRD), Pearl River Delta (PRD), and Beijing-Tianjin-Hebei (BTH) regions have emerged as the core regions of the network. Beijing, Shanghai, Shenzhen, and Hangzhou hold significant positions as VC centers in the country. As western cities like Chengdu have gained prominence, the network has gradually evolved into a diamond structure. Based on the XGBoost and SHAP algorithms, this study explored the importance of socioeconomic factors, geographical location and transportation, and administrative factors in the network evolution. Local financial markets and innovation potential, particularly the number of local VC firms, are pivotal in shaping the network evolution of intercity VC investments. The impact of transportation exhibits an initial increase, followed by a decline. In comparison to socioeconomic factors, geographical location and transportation as well as urban administrative governance, appear to have relatively limited influence. The findings contribute to a more profound understanding of the dynamics behind the evolution of financial capital flows among cities. |
| URL标识 | 查看原文 |
| WOS关键词 | SPATIAL DYNAMICS ; FIRM ; SYNDICATION ; TECHNOLOGY ; FINANCE ; MARKET |
| WOS研究方向 | Development Studies ; Environmental Sciences & Ecology ; Public Administration ; Urban Studies |
| 语种 | 英语 |
| WOS记录号 | WOS:001542518000002 |
| 出版者 | PERGAMON-ELSEVIER SCIENCE LTD |
| 源URL | [http://ir.igsnrr.ac.cn/handle/311030/215596]  |
| 专题 | 区域可持续发展分析与模拟院重点实验室_外文论文 |
| 通讯作者 | Wang, Jiaoe |
| 作者单位 | 1.Univ Chinese Acad Sci, Coll Resources & Environm, Beijing 100049, Peoples R China; 2.East China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China 3.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, Key Lab Reg Sustainable Dev Modeling, Beijing 100101, Peoples R China; |
| 推荐引用方式 GB/T 7714 | Du, Delin,Wang, Jiaoe,Li, Jianjun. Exploring China's venture capital investment dynamics and influencing factors: a perspective of intercity flow[J]. HABITAT INTERNATIONAL,2025,164:103528. |
| APA | Du, Delin,Wang, Jiaoe,&Li, Jianjun.(2025).Exploring China's venture capital investment dynamics and influencing factors: a perspective of intercity flow.HABITAT INTERNATIONAL,164,103528. |
| MLA | Du, Delin,et al."Exploring China's venture capital investment dynamics and influencing factors: a perspective of intercity flow".HABITAT INTERNATIONAL 164(2025):103528. |
入库方式： OAI收割
来源：地理科学与资源研究所
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