Research Article of Journal of Modern Economy
Research on the Impact of Chinese Science and Technology Finance on Entrepreneurial Efficiency
JIANG GAI, WANG LUAN FENG*
This paper is based on panel data of 30 provinces and cities in China from 2008 to 2017, The convergence of innovation efficiency is tested by σ convergence and β convergence test, Using stochastic frontier model and principal component analysis to analyze the impact of Chinese science and technology finance on entrepreneurial efficiency. The study found: Venture capital investment is more flexible than the output of entrepreneurial man-power investment, technology finance has a significant positive impact on entrepreneurial efficiency, but there is a problem of regional development imbalance. Convergence and divergence analysis found, the gap in entre-preneurial efficiency between the central, eastern and western regions is gradually narrow; Factors such as social capital, economic development level and foreign direct investment also have a positive impact on entrepreneurial efficiency. Finally, this paper also puts forward some suggestions on improv-ing the efficiency of entrepreneurship from the perspectives of upgrading science and technology financial services, developing science and technology financial innovation and entrepreneurial environment.
Keywords: Fintech, Social capital, Entrepreneur efficiency, Conversion efficiency
How to cite this article:
JIANG GAI, WANG LUAN FENG.Research on the Impact of Chinese Science and Technology Finance on Entrepreneurial Efficiency Journal of Modern Economy, 2019,2:7. DOI: 10.28933/jme-2019-01-1808
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