创业网络(规模、强度和多样性)及其特殊子网络(派系)对企业的创业行为(创新和风险投资)会产生不同性质和程度的影响。为探究上述影响的内在机理，本文选取 “阿里系”的137家创业企业为研究对象，通过结构方程等实证研究后发现：①网络的规模对创新有直接的显著正向影响，而对风险投资没有显著影响。网络的强度和多样性对风险投资有直接的显著正向影响，而对创新没有显著影响。②比较而言，“派系”对创业者创新的影响程度远大于网络规模的影响；网络强度和多样性与“派系”对风险投资的影响程度几乎平分秋色。因此，对于高新技术产业和传统产业的创业，地方政府应采取不同的创业政策。

Entrepreneurial networks (scale, strength and diversity) and their special subnetworks (cliques) have different degrees and attributes of effects on entrepreneurial behavior (innovation and venture capital). In order to explore the intrinsic mechanism of the above-mentioned impacts, the paper selects 137 “Ali Clique” start-ups as the sample, and through empirical studies based on SEM and other methods, it has two findings. First, the network scale has a direct and significant positive impact on innovation, but has no significant influence on venture capital. The network strength and diversity have a direct and significant positive impact on venture capital, but no significant impact on innovation. Second, comparatively speaking, the influence of “cliques” on entrepreneurs’ innovation is far greater than that of network scale; whereas the influence of network strength and "factions" on venture capital are almost equal to that of network diversity and “cliques”. Therefore, different entrepreneurial policies should be adopted by local governments referring high-tech industries and traditional industries.

教育部人文社科规划基金项目“企业衍生、创业网络和创业行为：基于集群视角的研究”(17YJA630142)