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The long-term impact of entrepreneurial financing on job creation based on the roles of venture capital and angel investment

Author

Listed:
  • Zhang, Mi
  • Zhou, Ning
  • Gao, Jie
  • Jiang, Ping
  • Zhang, Yang
  • Wang, Yining
  • Chen, Lusha

Abstract

This study explores the long-term impact of angel investment and venture capital on job creation, and examines the moderating effect of executives' financial backgrounds. The findings are as follows: both angel investment and venture capital have a significant positive impact on job creation, and executives' financial backgrounds can moderate the effect of entrepreneurial financing on job creation. Furthermore, the role of executives' financial backgrounds exhibits heterogeneity between profitable and non-profitable enterprises, influencing the effectiveness of entrepreneurial financing on job creation. Through empirical analysis, this study aims to provide valuable insights and recommendations for policymakers, investors, and entrepreneurial companies.

Suggested Citation

  • Zhang, Mi & Zhou, Ning & Gao, Jie & Jiang, Ping & Zhang, Yang & Wang, Yining & Chen, Lusha, 2025. "The long-term impact of entrepreneurial financing on job creation based on the roles of venture capital and angel investment," Finance Research Letters, Elsevier, vol. 85(PA).
    • Handle: RePEc:eee:finlet:v:85:y:2025:i:pa:s1544612325011882
    DOI: 10.1016/j.frl.2025.107930
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    References listed on IDEAS

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