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Research on index construction of sustainable entrepreneurship and its impact on economic growth

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  • Gu, Wentao
  • Wang, Jiayi

Abstract

Based on the triple bottom line of sustainable development, sustainable entrepreneurship has been well studied; however, the existing literature on the measurement of sustainable entrepreneurship is still limited. This paper attempts to quantify sustainable entrepreneurship through three indicators, innovative spirit, entrepreneurial spirit and decision-making spirit, and constructs a new time-varying index of sustainable entrepreneurship by the time-varying coefficient state space equation model. Applying the new time-varying index, this paper studies the impact of sustainable entrepreneurship on Chinese regional economic growth and explores the role of technical R&D and financial intermediary development in the path of influence. The empirical results show following conclusions. First, sustainable entrepreneurship promotes regional economic growth. Second, there exists a positive mediation effect of sustainable entrepreneurship influencing regional economic growth through technical R&D. Third, financial intermediaries have a positive effect on sustainable entrepreneurship, and they play a moderating role in the first half of the path through which sustainable entrepreneurship affects regional economic growth through technical R&D.

Suggested Citation

  • Gu, Wentao & Wang, Jiayi, 2022. "Research on index construction of sustainable entrepreneurship and its impact on economic growth," Journal of Business Research, Elsevier, vol. 142(C), pages 266-276.
    • Handle: RePEc:eee:jbrese:v:142:y:2022:i:c:p:266-276
    DOI: 10.1016/j.jbusres.2021.12.060
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    5. Čater, Tomaž & Čater, Barbara & Milić, Patricia & Žabkar, Vesna, 2023. "Drivers of corporate environmental and social responsibility practices: A comparison of two moderated mediation models," Journal of Business Research, Elsevier, vol. 159(C).
    6. Ji Li & Qianhong Su & Hong Zhu & Wei Sun & Ying Zhang, 2023. "How international immigrants engage in sustainable entrepreneurship in their host countries? The moderating effects of collectivistic cultural values," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(3), pages 1244-1257, May.
    7. António Porfírio, José & Augusto Felício, José & Carrilho, Tiago & Jardim, Jacinto, 2023. "Promoting entrepreneurial intentions from adolescence: The influence of entrepreneurial culture and education," Journal of Business Research, Elsevier, vol. 156(C).
    8. Tao Zhu & Huatao Peng, 2022. "Research on the Impact of Ambidextrous Innovation on Sustainable Entrepreneurial Performance from a Policy-Oriented Perspective," Sustainability, MDPI, vol. 14(18), pages 1-17, September.
    9. Yasin Akkuş & Kıymet Çalıyurt, 2022. "The Role of Sustainable Entrepreneurship in UN Sustainable Development Goals: The Case of TED Talks," Sustainability, MDPI, vol. 14(13), pages 1-17, June.
    10. Sue Abdinnour & Sesan Oluseyi Adeniji, 2023. "Empirical analysis of the impact of entrepreneurial activity on economic growth of Global Entrepreneurship Monitor (GEM) countries," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 13(1), pages 1-11, December.
    11. Zhi-Guang Li & Yanrui Wu & Yao-Kuang Li, 2023. "Technical Founders, Digital Transformation and Corporate Technological Innovation: Empirical Evidence from Listed Companies in China’s STAR Market," Economics Discussion / Working Papers 23-03, The University of Western Australia, Department of Economics.
    12. Kazemi, Maha Zadeh & Elamer, Ahmed A. & Theodosopoulos, Grigorios & Khatib, Saleh F.A., 2023. "Reinvigorating research on sustainability reporting in the construction industry: A systematic review and future research agenda," Journal of Business Research, Elsevier, vol. 167(C).
    13. Gu, Wentao, 2023. "Impact of Managers’ overconfidence upon listed Firms’ entrepreneurial behavior in an emerging market," Journal of Business Research, Elsevier, vol. 155(PB).
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    15. de Lucas Ancillo, Antonio & Gavrila Gavrila, Sorin, 2023. "The Impact of Research and Development on Entrepreneurship, Innovation, Digitization and Digital transformation," Journal of Business Research, Elsevier, vol. 157(C).

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