Kaiyang Sun

Dr. Kaiyang Sun

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Research Focus & Metrics

Academic Career Length

6Years (2021-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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BFBing Feng
Bing Feng
KSKaiyang Sun
Kaiyang Sun
ZZZoe Ziqi Zhong
Zoe Ziqi Zhong
MCMin Chen
Min Chen
In order to explore the internal connection between information sharing and investment performance in the venture capital network community, this study took environmental-governance start-ups as the research object and used the 2009–2020 environmental-social enterprise start-up venture capital investment events as a data sample. The successful exit rate of the venture capital portfolio and the successful listing rate of investment ventures were used as the measurement criteria. Combined with regression analysis, the relationship between information sharing and investment performance in the venture capital network community was analyzed in detail. Research shows that there are differences between the ways of information sharing in the venture capital network communities. In the regression results, all coefficients are less than 0.01. There is a positive correlation between information sharing and investment performance in the venture capital network community. With the increase in enterprise characteristic variables, the degree of enterprise risk information sharing is getting higher and higher. This ultimately leads to more and more frequent corporate investment performance and a higher possibility of acquisition. Among them, the degree of information sharing in the venture capital network community is relatively high, and venture capital companies that are supported by corporate venture capital institutions will benefit even more from listed capital. Not only was the analysis of the relationship between finance and investment in the venture capital network community pointed out in this research, but also the investment development of entrepreneurial enterprises was also provided with feasible suggestions.

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Ruosu GaoRuosu Gao
Ruosu Gao
QGQL Gao
QL Gao
XZXiaolin Zhuang
Xiaolin Zhuang
KSKaiyang Sun
Kaiyang Sun
The Uppsala model explains the traditional internationalisation process of multinational enterprises (MNEs), which gradually begin to internationalise from countries with smaller psychic distances. However, in the turbulent global economy, an increasing number of MNEs from emerging markets (EMNEs) adopts a more radical and aggressive approach, strategically using international expansion as a springboard to enter an overseas market and radiate surrounding countries and regions. By combining the springboard perspective and the Uppsala model, we analyse a series of processes from EMNE’s first entry into an overseas market to the successful localisation and expansion of international business. This radical model of international expansion has not been thoroughly studied. This empirical study aims to address this research gap by using a qualitative method and an in-depth case study. This paper conducted a semi-structured interview with 16 expatriates, executives, and middle-level managers from the case company in 2016. As one of the few single case studies that systematically studies the internationalisation process of EMNEs and provides first-hand empirical evidence, it contributes to practice and provides a contextual reference for EMNEs.

1 April 2022 in Sage Open
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KSKaiyang Sun
Kaiyang Sun
RWRumintha Wickramasekera
Rumintha Wickramasekera
ATAlvin Tan
Alvin Tan
The aim of this research is to investigate the relationship between family involvement and innovative capability in Chinese family small-medium sized enterprises (SMEs). Although previous studies based on the behavior agency model have investigated how financial factors could influence the relationship between family involvement and innovative capability, there is a dearth of studies with an emphasis on the impact of non-financial factors. Notably, the moderating role played by family firms’ human resource (HR) redundancy in this relationship has not been sufficiently explored in the literature. Our research analyzed secondary data of Chinese family SMEs listed in the China Stock Market and Accounting Research (CSMAR) database. Standard multiple regression and moderated multiple regressions were conducted to test the main and moderating effects, respectively. According to the results of our study, the three dimensions of family involvement (ownership, management, and governance) have a negative influence on Chinese SMEs innovative capability, but this influence can be partially moderated by HR redundancy. Based on the socio-emotional wealth (SEW) perspective, this research contributes to family business literature by addressing previously noted research gaps in related studies.

1 April 2022 in Journal of Global Information Management
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KSKaiyang Sun
Kaiyang Sun
ATAlvin Tan
Alvin Tan
YWYing Xian Wang
Ying Xian Wang
RWRumintha Wickramasekera
Rumintha Wickramasekera
Because of the growing competition and challenges within the global business environment, understanding performance management has become essential to small- and medium-sized enterprises (SMEs) as they have traditionally dominated the Chinese economy. In recognition of the limited studies with a specific focus on Chinese family SMEs, this study modelled and tested performance management by analysing four factors and eighteen indicators using structural equation modelling (SEM) and back-propagation neural network (BPNN). Secondary data from the Chinese Stock Market and Accounting Research (CSMAR) database were collected for this study. The results provide a better understanding of the proposed relationships between these variables through a review of their impact and correlations. This study suggested that four factors, including financial performance, external environment, internal environment, and enterprise development potential, will significantly impact performance management.

19 September 2022 in Cogent Business & Management
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KSKaiyang Sun
Kaiyang Sun
Drawn the socio-emotional wealth perspective, this paper investigates the relationship among CEO power, innovative investment and family board involvement in family enterprises. Secondary data on listed Chinese family small- and medium-sized enterprises from 2015 to 2019 was accessed via the China Stock Market and Accounting Research database and analysed using hierarchical multiple regression. The findings suggest a significant positive effect of CEO power on innovative investment in Chinese family SMEs. This study also found the moderating effect of family board involvement could inhibit the positive relationship between CEO power and family SMEs’ innovativeinvestment. Further, compared with hiring external professional managers as CEO, the inhibitory moderating effect of family board involvement is more significant when a family member is appointed as a CEO in family SMEs. In order to better adapt to the increasingly competitive market environment, the findings of this paper suggest that internal family board members should appropriately reduce their influence on the CEO power to stimulate Chinese family SMEs to conduct more innovative investment for their long-term prosperity.

24 March 2026 in Journal of International Management
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KSKaiyang Sun
Kaiyang Sun
HSHenry Shi
Henry Shi