Research Article

Exploring Coinvestment Partner Selection Strategies Using Exponential Random Graph Models

Table 1

The statistical analysis models for the whole network.

ModelMethodAdvantageDisadvantage

Modified logit modelRegression analysisApplied to large datasetsIt cannot include complex configurations
Quadratic assignment procedureMatrix permutationApplied to large datasetsIt cannot include complex configurations
Exponential random graph model (p model)Monte Carlo simulationIncluding complex configurations and dealing with collinearityOnly applied to small datasets
Stochastic actor-oriented modelSimulationDistinguishing the social influence process and the social choice processOnly applied to small longitudinal datasets
Block modelingConjugate gradient methodExploring the structure of networksIt cannot test the influence of node characteristics