The Effect Of Governance Mechanisms Of Entrepreneurial Network On New Venture Performance

Increasingly active entrepreneurial activities has become an important endogenous force of social and economic development, however,most of the new enterprises are facing the problem of Low survival rate and short lifetime While they have an enormous social and economic benefits. Many scholars believe that the establishment of entrepreneurial network is an effective way to solve the above problems, and confirmed the positive role of entrepreneurial networks on the new venture Performance. However, most scholars tend to focus on verifying the relationship between the composition of the entrepreneurial network and the new venture performance. Few research on the impact of governance of the entrepreneurial network on new venture performance. Therefore, this article tries to explore the deep-seated reasons that affect new venture performance from the perspective of the governance mechanisms of entrepreneurial network.Firstly, Learn from the research of previous scholars, this article treats contract, trust, learning as the governance mechanisms of entrepreneurial network. Meanwhile, this article explores the relationships between these three governance mechanisms and new Enterprise Performance, and studies the regulatory role of the network strength and network scale on their relationships. Based on above research, this article builds the theoretical model and proposes the theoretical assumptions. Then using empirical analysis to analyze and validate the theoretical model and assumptions. Finally, draw a conclusion and offer some suggestions to the new enterprises. Through empirical analysis, we find that the contractual mechanisms do not have a positive impact on new venture performance, but trust mechanism as well as the learning mechanism is able to generate positive impact on venture performance. In addition, the network strength can not only positively regulate the relationship between contractual mechanism and new venture performance and the relationship between trust mechanism and new business performance, but also can positively regulate the relationship between learning mechanism and new venture performance. However, network scale can only positively regulate the relationship between contractual mechanism and new venture performance.At the theoretical level, the paper commences the study from the perspective of network governance,and provide an external perspective for entrepreneurship research, which makes the research of the sources of the new venture performance easy. At the practical level,, the paper will guide the new venture to build and manage its own network, and help the new venture turns the network advantages into the new venture performance.