Sci-tech finance and urban entrepreneurial activity: evidence from China

Wenhui Liu () and Guangqin Li ()
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Wenhui Liu: Ocean University of China
Guangqin Li: Anhui University of Finance and Economics

Economic Change and Restructuring, 2025, vol. 58, issue 3, No 8, 31 pages

Abstract: Abstract Using Chinese prefecture-level city panel data from 2003 to 2022, this paper examines the impact of sci-tech finance policies on urban entrepreneurial activity. Results show that these policies significantly enhance entrepreneurial activity. Mechanism tests show that these policies positively influence entrepreneurial activity through three channels: innovation ability, entrepreneurial support and entrepreneurial environment. Heterogeneity analysis shows that the entrepreneurial driving effects of these policies vary due to differences in policy environment, regional features and industries.

Keywords: Entrepreneurial activity; Sci-tech finance policies; Entrepreneurship support; Difference-in-difference (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s10644-025-09880-5

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