biostudies-literatureUnknown14Han JVenture capital not only affects enterprise innovation decisions by providing funds, value-added services and allocating control rights, but also the psychological capital of venture capital can enhance its tolerance for failure in innovation activities of enterprises, and thus have a positive impact on innovation performance of enterprises. This paper uses multivariate and negative binomial regression models, propensity score matching method and Heckman treatment effect model to study the impact mechanism of venture capital on enterprise innovation performance, and the mediation role of venture capital's tolerance for innovation failure in the relationship between the above two; this paper studies the moderating effect of the characteristics of heterogeneous venture capital institutions, Frontiers in psychology1133324https://www.ebi.ac.uk/biostudies/studies/S-EPMC9975738biostudies-literatureThe study on the relationship between venture capital, tolerance to failure, and enterprise innovation performance.PMC9975738Chen MWang SJing QChen YHan JfalseThe study on the relationship between venture capital, tolerance to failure, and enterprise innovation performance.Venture capital not only affects enterprise innovation decisions by providing funds, value-added services and allocating control rights, but also the psychological capital of venture capital can enhance its tolerance for failure in innovation activities of enterprises, and thus have a positive impact on innovation performance of enterprises. This paper uses multivariate and negative binomial regression models, propensity score matching method and Heckman treatment effect model to study the impact mechanism of venture capital on enterprise innovation performance, and the mediation role of venture capital's tolerance for innovation failure in the relationship between the above two; this paper studies the moderating effect of the characteristics of heterogeneous venture capital institutions, 2023-01-01T00:00:00Z20232025-04-04T20:09:43.858Z2025-02-19T02:21:22.527ZS-EPMC99757383687481410.3389/fpsyg.2023.1133324