Performance Model of Youth Entrepreneurship Platform in the Context of Common Wealth Returning to Hometown

Ailing Liu, Xiaojun Ma, Meimei Zhou (), Lichen Zeng and Jijian Lu ()
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Ailing Liu: Jinghengyi School of Education, Hangzhou Normal University, Hangzhou 310030, China
Xiaojun Ma: Jinghengyi School of Education, Hangzhou Normal University, Hangzhou 310030, China
Meimei Zhou: Jinghengyi School of Education, Hangzhou Normal University, Hangzhou 310030, China
Lichen Zeng: School of Economics, Hangzhou Normal University, Hangzhou 310030, China
Jijian Lu: Jinghengyi School of Education, Hangzhou Normal University, Hangzhou 310030, China

Sustainability, 2023, vol. 15, issue 19, 1-18

Abstract: The construction of business incubator platforms to assist young people who return to their hometowns to launch their own enterprises is urgently needed because youth entrepreneurship is seen as a crucial component of rural revitalization. Based on this, the authors of this study distributed surveys to 468 returning youths in rural startup spaces to gather data, built a structural model, and conducted interviews with 13 entrepreneurial youths to examine the relationship between government policies, services, and the design of rural startup spaces, as well as the self-efficacy of returning entrepreneurial youths and the innovation performance of businesses. The results demonstrate how important government policies are in encouraging youth entrepreneurship in their local communities. It has the potential to enhance both the development of rural crowdsourcing spaces and the self-efficacy of young entrepreneurs, thereby enhancing the innovative capabilities of local entrepreneurial businesses. Therefore, in order to encourage economic development in rural areas, the government should improve pertinent support measures, enhance the development of business incubation platforms, and encourage young people moving back to their hometowns to start their own businesses.

Keywords: homecoming pioneering; government policy; rural crowdsourcing spaces; self-efficacy; innovation performance; structural model (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2023
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