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Impact of digital technology innovation on entrepreneurial activity

Author

Listed:
  • Jie Zhu

    (Jiangxi University of Finance and Economics
    Jiangxi Economic Forecasting and Decision Research Center)

  • Zhichao Wang

    (Jiangxi University of Finance and Economics
    Jiangxi Economic Forecasting and Decision Research Center)

  • Zhi Xu

    (Jiangxi University of Finance and Economics
    Jiangxi Economic Forecasting and Decision Research Center)

  • Ye Xu

    (Jiangxi University of Finance and Economics
    Jiangxi Economic Forecasting and Decision Research Center)

  • ChangQi Tao

    (Jiangxi University of Finance and Economics
    Jiangxi Economic Forecasting and Decision Research Center)

Abstract

Using the data of A-share listed companies in Shanghai and Shenzhen from 2009 to 2020, this paper investigates the impact of digital technological innovation on entrepreneurial activity and its mechanism of action. It is found that: (Bachmann et al., 2024) digital technological innovation significantly improves entrepreneurial activity, and the higher the level of digital technological innovation, the more entrepreneurial activity can be improved, the above conclusions still hold after a series of robustness tests such as replacing the explanatory variables and instrumental variables method; the mechanism test shows that the digital technological innovation improves entrepreneurial activity by reducing the transaction cost and entrepreneurial risk; (Bonilla & Fica, 2022) the heterogeneity test suggests that digital technological innovation is more likely to increase the level of entrepreneurial activity in regions with strong intellectual property protection, high city administrative rank, and high market potential.

Suggested Citation

  • Jie Zhu & Zhichao Wang & Zhi Xu & Ye Xu & ChangQi Tao, 2025. "Impact of digital technology innovation on entrepreneurial activity," International Entrepreneurship and Management Journal, Springer, vol. 21(1), pages 1-21, December.
    • Handle: RePEc:spr:intemj:v:21:y:2025:i:1:d:10.1007_s11365-024-01053-6
    DOI: 10.1007/s11365-024-01053-6
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    References listed on IDEAS

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    1. Johan Hombert & Antoinette Schoar & David Sraer & David Thesmar, 2020. "Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France," Journal of Finance, American Finance Association, vol. 75(3), pages 1247-1285, June.
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    3. Yang, Laifeng & Wang, Qing Sophie & Lai, Shaojie, 2023. "Fair and square: The impact of judicial independence on entrepreneurship," Finance Research Letters, Elsevier, vol. 55(PB).
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