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

Author

Listed:
  • Wenhui Liu

    (Ocean University of China)

  • Guangqin Li

    (Anhui University of Finance and Economics)

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.

Suggested Citation

  • Wenhui Liu & Guangqin Li, 2025. "Sci-tech finance and urban entrepreneurial activity: evidence from China," Economic Change and Restructuring, Springer, vol. 58(3), pages 1-31, June.
    • Handle: RePEc:kap:ecopln:v:58:y:2025:i:3:d:10.1007_s10644-025-09880-5
    DOI: 10.1007/s10644-025-09880-5
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