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Keywords = innovative entrepreneurial vitality

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21 pages, 579 KB  
Article
Entrepreneurial Education and Innovation Intentions Among University Students: A Structural Assessment of Opportunity Recognition, Psychological Capital, and Fear of Failure
by Suha Tahan
Adm. Sci. 2025, 15(7), 261; https://doi.org/10.3390/admsci15070261 - 7 Jul 2025
Viewed by 787
Abstract
In academia, innovation intentions among students are a highly sought-after outcome due to their overarching positive impacts on performance and well-being, especially in the higher education context. This research addresses entrepreneurial education and its influence on innovation intentions across several universities in Beirut, [...] Read more.
In academia, innovation intentions among students are a highly sought-after outcome due to their overarching positive impacts on performance and well-being, especially in the higher education context. This research addresses entrepreneurial education and its influence on innovation intentions across several universities in Beirut, Lebanon. The research also examines the indirect effects of opportunity recognition and psychological capital as mediators and fear of failure as a moderator. Through the lens of the theory of planned behavior, the stimulus-organism-response model, and the entrepreneurial event model, a survey was designed. A total of 263 samples were collected from the students of three universities in Beirut where the academic setting was English, and international students were present. Using Partial Least Squares—Structural Equation Modeling, the data was analyzed, and the hypotheses were supported. Results suggest that the learning environment in universities is a major determinant of innovative outcomes for students. However, implementation of entrepreneurial education alone cannot be as effective as it needs to be; it must be complemented by initiatives that enhance perceptions and internal capabilities of students to achieve innovation in their behaviors. This highlights the vitality of psychological capital and fear of failure in this context. Full article
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34 pages, 1458 KB  
Article
Entrepreneurial Abilities and Business Performance: Enacting Business Survival Paradigm from Electronics Informal Market, Nigeria
by Adebanji Adejuwon William Ayeni
World 2025, 6(2), 75; https://doi.org/10.3390/world6020075 - 1 Jun 2025
Cited by 1 | Viewed by 2976
Abstract
In today’s evolving society, meaningful development cannot be fully realized without acknowledging the vital role of the electronics sector, especially as it functions within informal markets. These markets have become more than just centers of commerce; they serve as informal learning grounds where [...] Read more.
In today’s evolving society, meaningful development cannot be fully realized without acknowledging the vital role of the electronics sector, especially as it functions within informal markets. These markets have become more than just centers of commerce; they serve as informal learning grounds where many young people acquire entrepreneurial skills, develop resilience, and find alternatives to social vices. For many, informal entrepreneurship is not just an option but a means of survival and self-empowerment. Despite their growing relevance, the link between the entrepreneurial abilities nurtured in these informal markets and actual business performance has not been adequately examined. This study, therefore, aimed to explore how informal electronics entrepreneurs in a developing economy navigate their environment, overcome challenges, and create wealth through vision, innovation, and calculated risk-taking. Anchored in institutional theory, the research employed a qualitative approach, using cluster, purposive, and simple random sampling to select participants from key informal business units. Interviews were conducted, transcribed, and analyzed using QSR NVivo 12, allowing for deep insight into the lived experiences of the entrepreneurs. Findings revealed that 78% of participants emphasized practical suggestions that aid informal business survival, such as customer-driven innovations, adaptive strategies, and avoiding confrontations with regulatory agencies. Key attributes such as foresight, adaptability, and risk management accounted for 66% of the variance in corporate success. Strategic and innovative approaches are enabling informal firms to endure and prosper, since 61% of respondents associated these competencies with organizational success. The new BSP framework, which integrates institutional and contingency theories, illustrates how informal enterprises endure by conforming to or opposing institutional pressures and adjusting to environmental changes. The results indicate that, when properly understood and supported, the informal electronics sector may develop sustainably. This study demonstrates that informal entrepreneurship is influenced by formal regulations, informal norms, and local enforcement mechanisms, therefore enhancing institutional theory and elucidating business behavior in developing nations. The Business Survival Paradigm [BSP] illustrates how informal enterprises navigate institutional obstacles to endure. It advocates for policies that integrate the official and informal sectors while fostering sustainable development. The paper advocates for ongoing market research to assist informal firms in remaining up-to-date. It implores authorities to acknowledge the innovative potential of the informal sector and to provide supportive frameworks for sustainable growth and formal transition where feasible. Full article
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17 pages, 269 KB  
Article
The Construction and Practice of Using a Fuzzy Comprehensive Evaluation System for Project Maturity Based on the Sustainable Development of Entrepreneurship Among Chinese University Students
by Jianjun Zhang, Min Li, Weihui Wang and Limei Wang
Sustainability 2025, 17(2), 703; https://doi.org/10.3390/su17020703 - 17 Jan 2025
Cited by 1 | Viewed by 1001
Abstract
There is a close connection between university student entrepreneurship programs and sustainable development, which are mutually reinforcing: university student entrepreneurship programs provide innovation and vitality for sustainable development, while concepts related to sustainable development can guide the development direction of university student entrepreneurship [...] Read more.
There is a close connection between university student entrepreneurship programs and sustainable development, which are mutually reinforcing: university student entrepreneurship programs provide innovation and vitality for sustainable development, while concepts related to sustainable development can guide the development direction of university student entrepreneurship programs. College students are the driving force of innovation and entrepreneurship. In view of the problems of the failure rate of college students’ entrepreneurial projects, this article constructs a fuzzy comprehensive evaluation model based on the fuzzy comprehensive evaluation method. Then, this study uses the hierarchical analysis method to clarify the comprehensive evaluation indexes affecting the maturity of college students’ entrepreneurial projects and takes a student entrepreneurial project of Qingdao University of Technology as an example. Ultimately, specific suggestions are offered to optimize the maturity of college students’ entrepreneurial projects based on the evaluation results so as to improve the probability of success of college students’ entrepreneurship. Great importance is placed on the quality of university entrepreneurship projects and the sustainability of society in this study. Full article
(This article belongs to the Special Issue Sustainable Education: Theories, Practices and Approaches)
16 pages, 309 KB  
Article
Shaping Students’ Entrepreneurial Intentions into Actions: South African Lecturers’ Views on Teaching Strategies and the Ideal Educator
by Tendai Makwara, Chux Gervase Iwu, Lucky Sibanda and Eugine Tafadzwa Maziriri
Adm. Sci. 2024, 14(12), 341; https://doi.org/10.3390/admsci14120341 - 20 Dec 2024
Cited by 3 | Viewed by 1627
Abstract
For several decades, entrepreneurship education (EE) has been identified as vital for preparing students to succeed in a changing economic landscape. Specifically, EE shapes students’ entrepreneurial intentions into actions. Considering the evolving expectations from graduates, this study explores South African entrepreneurship educators’ perspectives [...] Read more.
For several decades, entrepreneurship education (EE) has been identified as vital for preparing students to succeed in a changing economic landscape. Specifically, EE shapes students’ entrepreneurial intentions into actions. Considering the evolving expectations from graduates, this study explores South African entrepreneurship educators’ perspectives regarding the ideal educator and effective teaching strategies to shape the development of students’ entrepreneurial intentions. This empirical qualitative study examines data collected from 14 entrepreneurship educators across various South African public higher education institutions, collected using an open-ended questionnaire. Thematic analysis revealed a strong consensus on the importance of real-world experience teaching and the limited integration of online methodologies in EE. The results also emphasized the need for educators to embody entrepreneurial qualities, such as practical experience and a hands-on approach, to foster students’ transition from intention to action. Despite the desire for more innovative, action-oriented teaching strategies, traditional teaching theory in entrepreneurship remains an essential modality in the EE framework. These findings suggest that effective EE practices should integrate experiential learning and innovative strategies while maintaining core theoretical foundations. Full article
(This article belongs to the Special Issue Moving from Entrepreneurial Intention to Behavior)
18 pages, 424 KB  
Article
Green Finance, Land Transfer and China’s Agricultural Green Total Factor Productivity
by Xuan Liu and Xuexi Huo
Land 2024, 13(12), 2213; https://doi.org/10.3390/land13122213 - 18 Dec 2024
Cited by 1 | Viewed by 1410
Abstract
Promoting the role of green finance (GF) in agricultural green transformation is essential for easing resource constraints and achieving sustainable agricultural development. Based on provincial-level data from 2006 to 2022, this study considers the China GF reform and innovation pilot zone as a [...] Read more.
Promoting the role of green finance (GF) in agricultural green transformation is essential for easing resource constraints and achieving sustainable agricultural development. Based on provincial-level data from 2006 to 2022, this study considers the China GF reform and innovation pilot zone as a quasi-natural experiment. It empirically examines the impact and mechanism of GF on agricultural green total factor productivity (AGTFP). The following results are obtained: (1) GF exerts a significant enhancement effect on AGTFP. (2) GF can improve AGTFP by increasing the degree of land transfer (LT). (3) The effect of GF on AGTFP is heterogeneous, and GF has a significant enhancement effect on high-environmental-regulation provinces, the eastern region, and nonmajor grain-producing regions. From these findings, this study suggests accelerating the development level of GF, improving LT policies, continuously stimulating rural entrepreneurial vitality, and further leveraging the role of GF in promoting agricultural green transformation through coordinating regional economic development. Full article
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21 pages, 3268 KB  
Article
Unveiling Sustainable Co-Creation Patterns in Entrepreneurial Ecosystems of Shanghai’s High-Density Urban Communities
by Chenhan Jiang, Rui Huang, Shengyu Huang and Tao Shen
Sustainability 2024, 16(23), 10642; https://doi.org/10.3390/su162310642 - 4 Dec 2024
Cited by 1 | Viewed by 1349
Abstract
Communities in China’s high-density cities, like Shanghai, are evolving from traditional residential roles into vibrant centers of entrepreneurial innovation. This research delves into the development of community-supported entrepreneurial ecosystems (CSEEs) in the city, with a specific focus on the sustainable co-creation mechanisms facilitated [...] Read more.
Communities in China’s high-density cities, like Shanghai, are evolving from traditional residential roles into vibrant centers of entrepreneurial innovation. This research delves into the development of community-supported entrepreneurial ecosystems (CSEEs) in the city, with a specific focus on the sustainable co-creation mechanisms facilitated by stakeholders, explored through a comparative study framework. By utilizing Kelly’s Repertory Grid Technique, 14 essential elements of co-creation are identified, which form the framework for classifying the cases into three distinct types. This study employs in-depth interviews and content analysis to analyze and contrast how these co-creation patterns are applied across cases representing each type. The results show that key factors, such as resource origins, the interaction between CSEEs and embedded communities, and participant selection strategies, significantly shape the variations in value co-creation mechanisms, processes, and outcomes. Recognizing the variety of co-creation models is crucial for enhancing both the vitality and efficiency of Shanghai’s CSEEs. Furthermore, this study offers valuable insights into managing co-creation efforts and predicting risks in similar contexts, contributing to the sustainable regeneration of urban areas through community-driven entrepreneurship and innovation. Full article
(This article belongs to the Section Sustainable Products and Services)
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16 pages, 591 KB  
Article
Can the Inclusiveness of Foreign Capital Improve Corporate Environmental, Social, and Governance (ESG) Performance? Evidence from China
by Bing He and Cancan Ma
Sustainability 2024, 16(22), 9626; https://doi.org/10.3390/su16229626 - 5 Nov 2024
Cited by 6 | Viewed by 2157
Abstract
Foreign direct investment (FDI) has become an important factor influencing corporate operational strategies, yet the impact of its inclusiveness on corporate environmental, social, and governance (ESG) performance remains unclear. In this study, the correlation of city-level FDI inclusiveness with corporate-level ESG performance was [...] Read more.
Foreign direct investment (FDI) has become an important factor influencing corporate operational strategies, yet the impact of its inclusiveness on corporate environmental, social, and governance (ESG) performance remains unclear. In this study, the correlation of city-level FDI inclusiveness with corporate-level ESG performance was investigated based on data from 1258 Chinese A-share listed companies between 2011 and 2021. The effects of FDI inclusiveness on corporate ESG performance and its underlying mechanisms were investigated. The findings indicate that an increase in FDI inclusiveness significantly improves corporate ESG performance. Additionally, the moderating role of corporate competitive advantage and urban entrepreneurial vitality was analyzed, and the findings indicate that an increase in urban FDI inclusiveness significantly improves corporate ESG performance. Managerial green attention and corporate innovation capability play intermediary roles in the overall impact, with the total impact being positively moderated by investor attention. Furthermore, the influence of FDI inclusiveness on corporate ESG performance exhibits significant heterogeneity resulting from variations in digital policies, environmental policies, and ownership structures. Full article
(This article belongs to the Section Economic and Business Aspects of Sustainability)
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34 pages, 1600 KB  
Article
Empowering Women in Tech Innovation and Entrepreneurship: A Qualitative Approach
by Teresa Felgueira, Teresa Paiva, Catarina Alves and Natália Gomes
Educ. Sci. 2024, 14(10), 1127; https://doi.org/10.3390/educsci14101127 - 17 Oct 2024
Cited by 4 | Viewed by 5813
Abstract
Women’s participation and leadership in technology and entrepreneurship are crucial for advancing innovation and ensuring inclusive economic development. Despite progress in gender equality, women in tech face challenges like under-representation and systemic biases. This research delves into the multifaceted experiences of women in [...] Read more.
Women’s participation and leadership in technology and entrepreneurship are crucial for advancing innovation and ensuring inclusive economic development. Despite progress in gender equality, women in tech face challenges like under-representation and systemic biases. This research delves into the multifaceted experiences of women in tech innovation and entrepreneurship, highlighting the barriers they face and the strategies they use to overcome them. This study used a qualitative, observational design with semi-structured interviews and thematic analysis to explore the experiences and perceptions of entrepreneurial women in the Science, Technology, Engineering, and Mathematics (STEM) field. It was possible to conclude that entrepreneurial women exhibit a strong sense of autonomy, competence, and leadership, enabling them to manage their ventures independently and effectively. Also, the success of entrepreneurial women is multifaceted, combining personal fulfilment, professional achievements, and financial stability, with positive feedback and recognition playing a key role. Building strong social and supportive relationships is vital for entrepreneurial women, providing a sense of belonging, community, and emotional support. In this context, to empower women in STEM and entrepreneurship, Higher Education Institutions (HEIs) should promote entrepreneurship as a career path, provide practical and value-based education, and foster a work environment of trust, communication, and continuous learning. Full article
(This article belongs to the Special Issue Gender and STEM Education)
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25 pages, 7043 KB  
Article
A Decision Support Evaluation Framework for Community-Based Collaborative Urban Regeneration Processes
by Lucia Della Spina
Sustainability 2024, 16(15), 6434; https://doi.org/10.3390/su16156434 - 27 Jul 2024
Cited by 1 | Viewed by 1873
Abstract
The current debate on urban regeneration highlights the significance of social innovation and the reuse of cultural heritage to develop new economic and entrepreneurial models, creating value chains and benefits for communities. International and European directives, such as the European Agenda 2030 and [...] Read more.
The current debate on urban regeneration highlights the significance of social innovation and the reuse of cultural heritage to develop new economic and entrepreneurial models, creating value chains and benefits for communities. International and European directives, such as the European Agenda 2030 and the New European Bauhaus, advocate for inclusive and sustainable urbanization, encouraging participatory and circular urban regeneration processes. This study presents a decision support framework for community-based collaborative urban regeneration processes, focusing on the urban area of Reggio Calabria in Southern Italy. In this region, some cultural assets have been reactivated and made accessible, while others remain inactive, underutilized, or abandoned. The research aims to explore how to effectively enhance cultural heritage and promote urban regeneration through a collaborative network strategy. By employing multicriteria analysis, involving the selection and definition of specific criteria and indicators for each site, a priority map is created to facilitate the implementation of regeneration processes. The application of this approach in the urban center of Reggio Calabria demonstrated its effectiveness in revitalizing unused or abandoned cultural heritage, transforming it into a catalyst for urban vibrancy and vitality. Full article
(This article belongs to the Section Sustainable Urban and Rural Development)
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19 pages, 708 KB  
Article
The Impact of Entrepreneurial Capital on CSR and New Joint Venture Performance in Emerging Economies
by Md Jahir Uddin Khan, Md Abid Hasan, Ahmed Rabeeu and Mohammad Ashraf Hossain
Sustainability 2024, 16(13), 5571; https://doi.org/10.3390/su16135571 - 29 Jun 2024
Cited by 2 | Viewed by 2575
Abstract
This research highlights the critical role that entrepreneurial capital (EC) plays in organizational development and resilience by examining the connections between EC and the success of new joint ventures (NJVs) in developing nations. Corporate social responsibility (CSR) is becoming more popular in the [...] Read more.
This research highlights the critical role that entrepreneurial capital (EC) plays in organizational development and resilience by examining the connections between EC and the success of new joint ventures (NJVs) in developing nations. Corporate social responsibility (CSR) is becoming more popular in the early phases of a company’s growth because of its capacity to improve credibility and competitive differentiation. Traditionally associated with well-established corporations. This study uses a mediated-moderation model to explore theories on how EC affects the disruptive innovation, economic, social, legal, and environmental sustainability of NJVs. Using quantitative survey data from 270 NJVs, this paper highlights the strategic interdependencies influencing NJV trajectories, as well as the functions of disruptive innovation and CSR. The findings demonstrate that EC greatly enhances NJVs performance in every category, promoting CSR and innovative projects. NJVs benefit from early CSR participation because it reduces risks and boosts entrepreneurial vitality. Disruptive innovation transforms EC into measurable performance advantages. This study has important policy and management implications because it shows that NJVs can stay ahead of the competition and improve their performance by strategically using EC for CSR and innovation projects. Overall, this study emphasizes how crucial CSR is to the startup environment, supporting resilient and long-term growth in emerging economies. Full article
(This article belongs to the Collection Business Performance and Socio-environmental Sustainability)
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27 pages, 2669 KB  
Article
The Dysfunction of Mission-Oriented Innovation Policy: Impeding the Accumulation of Scientific Knowledge in the Japanese Academic Sector
by Takashi Hirao and Yusuke Hoshino
Adm. Sci. 2024, 14(6), 115; https://doi.org/10.3390/admsci14060115 - 30 May 2024
Cited by 1 | Viewed by 1586
Abstract
Since the Organisation for Economic Cooperation and Development presented its comprehensive Innovation Strategy in 2010, numerous countries have been updating their innovation policies. Subsequent to the promulgation, the innovation policies of Japan shifted the focus from discipline-specific to social issue-oriented approaches. This study [...] Read more.
Since the Organisation for Economic Cooperation and Development presented its comprehensive Innovation Strategy in 2010, numerous countries have been updating their innovation policies. Subsequent to the promulgation, the innovation policies of Japan shifted the focus from discipline-specific to social issue-oriented approaches. This study investigates the response of the Japanese academic sector to this policy shift and the characteristics of the research projects associated with innovation policy by utilizing descriptive statistics from policy documents and the database of Grants-in-Aid for Scientific Research. The findings reveal that Japanese researchers have increasingly aligned their efforts with government-proposed research themes in recent years, with a notable shift toward short-term research projects. Moreover, Japanese universities are undergoing reforms that are transforming them into entrepreneurial institutions by altering incentive structures. Although these reforms may yield short-term research outcomes, they may not always address long-term societal needs. The narrowing focus on research themes could restrict the potential impact of research and impede the development of innovative solutions to societal challenges. From this viewpoint, assessing the relationship between government-proposed research themes and the research productivity of Japan is critical. Universities and public research institutions play a vital social role in broadening the foundational knowledge base through basic research, while private enterprises may lack the motivation to invest in research and development with low appropriability. These results may be beneficial for policymakers in reconsidering the division of labor in industry-academic collaboration in a knowledge-intensive economy. Full article
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20 pages, 920 KB  
Article
Does Urban Innovation Promote Rural Entrepreneurship? Quasi-Natural Experimental Evidence from Microdata on New Agricultural Subjects
by Linfeng Li, Yang Liu, Wensi Luo and Xin Jiang
Sustainability 2024, 16(10), 3981; https://doi.org/10.3390/su16103981 - 9 May 2024
Cited by 4 | Viewed by 1938
Abstract
Rural entrepreneurship has injected new vitality into the comprehensive realization of rural revitalization, and exploring the impact of urban innovation and development on rural entrepreneurship is of great significance in promoting the comprehensive revitalization of the countryside and achieving the coordinated development of [...] Read more.
Rural entrepreneurship has injected new vitality into the comprehensive realization of rural revitalization, and exploring the impact of urban innovation and development on rural entrepreneurship is of great significance in promoting the comprehensive revitalization of the countryside and achieving the coordinated development of urban and rural areas. This paper utilizes the panel data of 284 cities in China from 2005 to 2020 and adopts the multi-period double-difference method to test the effect of innovative city pilots on the entrepreneurial level of new agricultural management subjects, so as to reflect the impact of innovation policy on rural entrepreneurship. The study finds that innovative city construction significantly improves the entrepreneurship level of new agricultural business subjects and that the policy effect continues to increase over time, which is still robust after considering endogeneity issues. The above effects are mainly achieved through improving scientific and technological inputs, enhancing credit support effects, and promoting scientific and technological progress. In the heterogeneity test, innovative city construction significantly promotes the entrepreneurship level of new agricultural business subjects in both small and medium-sized cities and cities with a high level of science and education, but significantly inhibits the entrepreneurship level of new agricultural management subjects in large cities and cities with a high level of science and education. At the same time, innovative city development promotes higher levels of entrepreneurship only in agricultural cooperatives and agribusinesses, with no significant effect on family farms. This study has important policy references for accelerating innovative city construction and rural revitalization development in China in the new era. Full article
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19 pages, 3293 KB  
Review
Development and State of the Art of Entrepreneurship Education: A Bibliometric Review
by Saurav Chandra Talukder, Zoltán Lakner and Ágoston Temesi
Educ. Sci. 2024, 14(3), 295; https://doi.org/10.3390/educsci14030295 - 11 Mar 2024
Cited by 11 | Viewed by 12661
Abstract
Entrepreneurship education (EE) plays a vital role in fostering an entrepreneurial culture and promoting the growth of the small- and medium-sized business sector in a nation. Research on EE has advanced extremely rapidly in the last two decades. These changes are evident not [...] Read more.
Entrepreneurship education (EE) plays a vital role in fostering an entrepreneurial culture and promoting the growth of the small- and medium-sized business sector in a nation. Research on EE has advanced extremely rapidly in the last two decades. These changes are evident not only in the quantity of published works but also in the evolving methods of academic communication, the rise of emerging nations as prominent contributors to EE research, and the shifting areas of focus in study themes. This current study aims to provide a comprehensive picture of these processes based on a big-data-centred bibliometric analysis of a corpus of 3787 articles that appeared in the Web of Science literature database. The bibliographic metadata was analysed using Biblioshiny, CitNetExplorer, and VOSviewer. To understand the most significant development trends, researchers employed the triangulation method, which included scientific mapping and epistemological analysis in addition to standard tools of bibliometric analysis. This has led to the identification of some study needs. First, improving EE methods in secondary school curricula; second, EE in adult education and the practicality of the findings for andragogy; third, EE in least developed countries and its unique challenges; fourth, combining EE with internet-based, innovative training and education approaches like gamification and simulations; fifth, EE’s role and methodological development in societal economic integration; and sixth, women’s unique EE requirements. On top of that, this study provides the basis for policymakers and practitioners to consider incorporating entrepreneurial education programmes, which can help to create a prosperous entrepreneurial ecosystem. Full article
(This article belongs to the Special Issue Towards an Entrepreneurial Education and Global Citizenship)
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23 pages, 693 KB  
Article
Cross-Border E-Commerce and Urban Entrepreneurial Vitality—A Quasi-Natural Experiment Evidence from China
by Qigang Yuan, Yongsheng Ji, Wei Zhang and Ting Lei
Sustainability 2024, 16(5), 1802; https://doi.org/10.3390/su16051802 - 22 Feb 2024
Cited by 7 | Viewed by 3182
Abstract
Cross-border e-commerce, as a new form of trade driven by digital technology, provides an opportunity to enhance the entrepreneurial vitality of cities. With the help of the comprehensive pilot area for cross-border e-commerce, also called a “quasi-natural” experiment, and using 2010–2020 panel data [...] Read more.
Cross-border e-commerce, as a new form of trade driven by digital technology, provides an opportunity to enhance the entrepreneurial vitality of cities. With the help of the comprehensive pilot area for cross-border e-commerce, also called a “quasi-natural” experiment, and using 2010–2020 panel data and Chinese business enterprise registration data for 278 cities in China, this paper examined the impact of cross-border e-commerce on enterprise vitality. The study found that the pilot policy in the comprehensive pilot area promoted the entrepreneurial vitality to increase by about 13.3%, and it remained stable after a series of tests. The heterogeneity analysis shows that the pilot policies in the comprehensive pilot areas have a stronger effect on the promotion of enterprise vitality in the eastern and western regions. At the same time, the pilot policy has expanded the scope of enterprise subjects and plays a more prominent enterprise incentive effect in small and medium-sized cities, cities with low innovation, and small and medium-sized registered enterprises. In addition, the pilot policy stimulates the entrepreneurial vitality of the service industry, but has no significant impact on agriculture and manufacturing. In terms of the influence mechanism, the comprehensive pilot area mainly affects the entrepreneurial vitality by means of optimizing the business environment, reducing the entry cost, promoting the synergistic agglomeration of manufacturing and producer services, and stimulating market demand. The further spatial spillover effect found that the comprehensive pilot area not only improves the entrepreneurial vitality of the pilot cities, but also radiates the enterprise development of neighboring and surrounding cities with similar economic development. Full article
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19 pages, 304 KB  
Article
Usage of AI in Sustainable Knowledge Management and Innovation Processes; Data Analytics in the Electricity Sector
by Lea Kocjancic and Sergej Gricar
FinTech 2023, 2(4), 718-736; https://doi.org/10.3390/fintech2040040 - 17 Nov 2023
Cited by 2 | Viewed by 2430
Abstract
Successful organisations prioritise product quality and customer satisfaction. Non-financial indicators are crucial for measuring performance, requiring specific financial and technology management knowledge. Effective knowledge management and entrepreneurial activity significantly impact performance, vital to the country’s economic factors. Electricity is crucial to society’s development. [...] Read more.
Successful organisations prioritise product quality and customer satisfaction. Non-financial indicators are crucial for measuring performance, requiring specific financial and technology management knowledge. Effective knowledge management and entrepreneurial activity significantly impact performance, vital to the country’s economic factors. Electricity is crucial to society’s development. Renewable energy sources such as solar, wind, hydropower, and biomass can generate sustainable electricity. Managing environmental, social, and economic aspects is essential for sustainable societal and virtual development. In this study, the central element of novelty is associated with the dependent variable Nominal Labour Productivity per Employee. This research shows that effective knowledge management impacts a company’s business performance. Based on secondary data from various sources, we have used factor analysis to assess the interrelationship between the factors and econometric dimensionalities. Accompanied by this econometric approach, the research methodology aims to present hybrid models based on econometric techniques and artificial intelligence (AI) networks. Based on the principal component method analysis results, we show the interdependence of 30 variables in the micro and macro environment. The new components of the correlated variables show how knowledge and innovation are related to the economic performance of society, and nominal employee productivity is a valuable indicator for measuring economic efficiency. Nevertheless, AI, a knowledge management product, provides helpful comments on the econometric results. Full article
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