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Table 1 Statistics computed on the projected graphs of investors and firms.

From: Venture capital investments through the lens of network and functional data analysis

Covariate

Network interpretation

Note

Average neighbor degree

Affinity between neighbor nodes

 

Betweenness centrality

Role within flow of information

 

Closeness centrality

Spreading power (shortest average distance from all other nodes)

 

Clustering coefficient

Tight community

 

Core number

Importance within cluster

Computed only for firms

Degree centrality

Influence

 

Eigenvector centrality

Influence

 

Harmonic centrality (Marchiori and Latora 2000)

Spreading power

 

Newman betweenness centrality (Newman 2005)

Role within flow of information

 

Number of investors

 

Computed only for firms

PageRank (Page et al. 1999)

Influence

 

VoteRank (Zhang et al. 2016)

Best spreading ability

 
  1. Note: to link investors’ centrality measures to firms we consider investors involved in the first investment round of a given firm, and summarize the distributions of their statistics through maximum, minimum and median