10106 
5133学界尚未对风险投资与企业创新的关系达成共识，而已有综述又局限于对关系“存在性”的定性解读，缺乏足够的理论和数据支撑去挖掘争议背后的本质原因和具体影响机制。本文结合文献计量学和文献评述的方法，在归纳分析1996—2020年692篇相关主题文献的演化路径和知识图谱的基础上，厘清了该领域在理论视角上的发展脉络和研究主题上的分化趋势，进而引入风险投资完整运作周期的环节和要素，梳理了信号、资源（知识）、制度、激励理论四种视角下风险投资影响创新的机制和路径，总结了个人、公司、政府三类风险投资主体的差异化组织特性、作用方式及影响效果，解构了中宏观环境中发挥调节作用的权变因素。在此基础上，本文最终构建出多维度整合模型，明确了风险投资差异化影响企业创新的先决要素、权变因素、驱动内核，并对未来研究方向进行展望。
风险投资如何影响企业创新？——研究述评与展望
摘要
参考文献
5 Bertoni F, Colombo M G, Quas A. The role of governmental venture capital in the venture capital ecosystem: An organizational ecology perspective[J]. Entrepreneurship Theory and Practice,2019, 43(3): 611-628. DOI:10.1177/1042258717735303
6 Chemmanur T J, Fulghieri P. Entrepreneurial Finance and Innovation: An introduction and agenda for future research[J]. The Review of Financial Studies,2014, 27(1): 1-19. DOI:10.1093/rfs/hht063
7 Colombo M G, Cumming D J, Vismara S. Governmental venture capital for innovative young firms[J]. The Journal of Technology Transfer,2016a, 41(1): 10-24. DOI:10.1007/s10961-014-9380-9
8 Colombo M G, D’Adda D, Pirelli L H. The participation of new technology-based firms in EU-funded R&D partnerships: The role of venture capital[J]. Research Policy,2016b, 45(2): 361-375. DOI:10.1016/j.respol.2015.10.011
9 Cumming D, Johan S. The problems with and promise of entrepreneurial finance[J]. Strategic Entrepreneurship Journal,2017, 11(3): 357-370. DOI:10.1002/sej.1265
11 Gompers P, Lerner J. The venture capital revolution[J]. Journal of Economic Perspectives,2001, 15(2): 145-168. DOI:10.1257/jep.15.2.145
12 Kelly R, Kim H. Venture capital as a catalyst for commercialization and high growth[J]. The Journal of Technology Transfer,2018, 43(6): 1466-1492. DOI:10.1007/s10961-016-9540-1
13 Kortum S, Lerner J. Assessing the contribution of venture capital to innovation[J]. The Rand Journal of Economics,2000, 31(4): 674-692. DOI:10.2307/2696354
14 Lahr H, Mina A. Venture capital investments and the technological performance of portfolio firms[J]. Research Policy,2016, 45(1): 303-318. DOI:10.1016/j.respol.2015.10.001
15 Nanda R, Rhodes-Kropf M. Investment cycles and startup innovation[J]. Journal of Financial Economics,2013, 110(2): 403-418. DOI:10.1016/j.jfineco.2013.07.001
16 Pahnke E C, Katila R, Eisenhardt K M. Who takes you to the dance? How partners’ institutional logics influence innovation in young firms[J]. Administrative Science Quarterly,2015a, 60(4): 596-633. DOI:10.1177/0001839215592913
17 Pahnke E C, McDonald R, Wang D, et al. Exposed: Venture capital, competitor ties, and entrepreneurial innovation[J]. Academy of Management Journal,2015b, 58(5): 1334-1360. DOI:10.5465/amj.2012.0777
18 Schildt H A, Maula M V J, Keil T. Explorative and exploitative learning from external corporate ventures[J]. Entrepreneurship Theory and Practice,2005, 29(4): 493-515. DOI:10.1111/j.1540-6520.2005.00095.x
19 Sorenson O, Stuart T E. Bringing the context back in: Settings and the search for syndicate partners in venture capital investment networks[J]. Administrative Science Quarterly,2008, 53(2): 266-294. DOI:10.2189/asqu.53.2.266
20 Stuart T E, Hoang H, Hybels R C. Interorganizational endorsements and the performance of entrepreneurial ventures[J]. Administrative Science Quarterly,1999, 44(2): 315-349. DOI:10.2307/2666998
引用本文
段勇倩, 陈劲. 风险投资如何影响企业创新？——研究述评与展望[J]. 外国经济与管理, 2021, 43(1): 136-152.
导出参考文献，格式为：
