Research On The Influence Mechanism Of Government-led Venture Philanthropy On The Capacity Building Of Social Organizations

With the functional positioning of supporting and cultivating social organizations,strengthening the capacity building of social organizations and improving the quality of public service supply,the public benefit venture capital system is highly favored by local governments and has become a useful exploration of various localities to transform government functions and innovate the way of government purchasing public services.What is the operation mode of government-led public welfare venture capital? Since the implementation of the government-led public welfare venture capital system,how has it incubated and nurtured social organizations and injected sustainable development momentum into social organization capacity building? What are the mechanisms of recruitment,evaluation and contracting,implementation monitoring,and evaluation and acceptance of the projects that have transformed the capacity building of social organizations? What are the changes in the capacity building of social organizations in terms of resource extraction,internal governance and embedding in community governance? Based on the above research questions,this paper analyzes the case study of public interest venture capital operation in County C.Combining the literature on public interest venture capital and capacity building of social organizations,this paper analyzes the mechanisms of public interest venture capital system on capacity building of social organizations into four categories: coercive mechanism,imitation mechanism,normative guidance mechanism and empowerment mechanism,and constructs an analytical framework for the impact of public interest venture capital system on capacity building of social organizations.The analysis framework of the impact of the public welfare venture capital system on the capacity building of social organizations.At the same time,we analyze the capacity building of social organizations based on the empowerment theory,and analyze and explain the performance of social organizations in terms of resource extraction,internal governance and embedding in the community governance field under the mechanism of the public welfare venture capital system,and delineate the mechanism of capacity building of social organizations under the government-led public welfare venture capital system.This study provides suggestions for improving the capacity building of social organizations through the public service venture capital system and promoting the construction of a new pattern of social governance.Through the analysis of the case study of public welfare venture capital in County C,we found that:(1)government-led public welfare venture capital exists in the form of government purchase projects,and generally follows the idea of project-based system,and there are dilemmas of project-based system in the implementation process,such as short-term purchase of projects.The way of bidding for public welfare projects inevitably converges with the conventional way of bidding for government purchased services,which weakens the function of "venture capital".(2)The four mechanisms of the venture capital system are not uniform in their strengths and weaknesses for organizational capacity building.The coercive and empowering mechanisms have a strong influence on the capacity building of social organizations,while the imitative and guiding mechanisms have a weak influence on the capacity building of social organizations.(3)Social organizations’ capacity building undergoes a transformation.On the one hand,this transformation is manifested in the improvement of resource extraction ability and personnel and financial management ability;on the other hand,there are also dilemmas such as asymmetric dependence and weak sustainable development ability.Therefore,it is necessary to continuously improve the public welfare venture capital system and explore the best public welfare venture capital model in the process of practice.