社会资本的治理机制——以硅谷风险投资为例

Governance Mechanisms of Social Capital Based on Venture Capital in Silicon Valley

本文以硅谷高新技术产业集群中的风险投资为背景,在分析硅谷中社会网络的结构以及社会资本构成的基础上,探讨了在风险投资中企业治理过程中,社会资本的治理作用与机制。提出硅谷中风险投资网络和社会资本特征能有效地减少交易成本,有利于信息的扩散以及知识和技术的溢出,特别是社会资本独特的治理机制创造了有利于自我实施模式实现的治理环境,促进了技术创新,推动了整个产业集群的发展。

In this article, I analyze the distinctive feature of venture capital networks and social capital in Silicon Valley, and outline a conceptual model of governance mechanisms of Social Capital based on the survey of empirical literature. These governance mechanisms creates better surroundings for self-enforcement model by punishing means of reducing deal flow ,or refusal of future business, network exclusion, reputation discount, and decreasing access to information and other resources.