Research On The Influence Mechanism Of Venture Capital Network On The Innovation Performance Of New Energy Automobile Enterprises

Driven by the policies of "mass entrepreneurship and innovation" and the "14th Five-Year Plan",a large number of innovative new energy automobile enterprises have emerged in my country.However,these enterprises usually have problems such as insufficient internal resources and lack of external communication means in the early stage of development.At the same time,due to the impact of the complexity of innovation activities and the increased degree of collaboration in recent years,the innovation potential of a single company has also been severely challenged.More and more companies are in urgent need of seeking partners to form a closer social network.Facilitates the effective exchange of information with other resources.As the most important financing method for enterprises,venture capital has begun to be selected and recognized by more and more enterprises due to its extensive social attributes.Existing studies have shown that in the process of joint investment,the contact and cooperation between venture capital institutions,which are characterized by trust and mutual benefit,gradually form a special connection relationship in the venture capital network.Optimize the allocation of innovation resources,and then achieve the purpose of improving the innovation level of enterprises.From the perspective of social network structure,this paper analyzes the influence mechanism of venture capital network on the innovation performance of new energy vehicle enterprises.First,the characteristics of the network are described from the overall and individual aspects by relevant indicators,and the evolution process of the venture capital network is clarified;then,the relevant hypotheses put forward are tested through empirical analysis,and on the basis of the subsequent introduction of intermediary and moderating variables,discusses the inherent relationship between the network structure of venture capital and enterprise innovation performance;finally,on the basis of the existing conclusions,it puts forward pertinent opinions for venture capital institutions,new energy vehicle enterprises and relevant government management departments to realize the rapid development and effective innovation of venture capital institutions and enterprises.Using innovative companies that have obtained joint venture capital in the new energy vehicle industry from 2008 to 2020 as research samples,the topology structure among investment institutions is established according to joint investment events,and Gephi software is used to describe the evolution process of the venture capital network,and then use UCINET.The 6.0 software calculates the network centrality,structural holes and other indicators,and uses Stata 16 software for data analysis and hypothesis testing.The empirical results show that the relevant hypotheses are all established.In general,based on social network theory,social embedding theory,and structural hole theory,this study conducts an in-depth analysis of the intrinsic link between venture capital networks and innovation performance of new energy vehicle companies,and broadens existing venture capital investments from a theoretical perspective.The field of network research helps venture capital institutions to understand their own development stages and conditions from a practical perspective,and also provides reference suggestions for new energy vehicle companies to optimize financing decisions,and provides theoretical support for the investment of government guidance funds.