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Entrepreneurship in the digital era

Author

Listed:
  • Zhou, Jun
  • Zhang, Xueyi
  • Korkmaz, Aslihan Gizem
  • Li, Youwei
  • Yue, Pengpeng

Abstract

This study uses panel data from 297 prefecture-level cities from 2010 to 2021 to explore the relationship between digital economy development and urban entrepreneurship. By leveraging the “Broadband China” pilot city policy as a quasi-natural experiment, we investigate how the growth of the digital economy influences entrepreneurship. The results show that digital advancements, indicated by the policy, contribute to increased entrepreneurial activity. This effect is stronger in cities with higher administrative status, better geographical positions, well-developed infrastructure, and greater market opportunities. Further analysis identifies venture capital investment, the business environment, human capital, and innovation as key channels through which the digital economy promotes entrepreneurship. These findings offer insights for understanding how digital development can support urban entrepreneurship and economic growth.

Suggested Citation

  • Zhou, Jun & Zhang, Xueyi & Korkmaz, Aslihan Gizem & Li, Youwei & Yue, Pengpeng, 2025. "Entrepreneurship in the digital era," Research in International Business and Finance, Elsevier, vol. 78(C).
    • Handle: RePEc:eee:riibaf:v:78:y:2025:i:c:s0275531925002211
    DOI: 10.1016/j.ribaf.2025.102965
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    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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