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Taking entrepreneurial opportunity identification activity as a starting point, the purpose of this paper is to provide insight into the differences within the social background of the Chinese nascent entrepreneurs and to illuminate differences in the success of their economic activities.

This study will analyze the impact of the nascent entrepreneurs' social class identity and prior experience affiliation on entrepreneurial opportunity identification and the moderation effect of opportunity identification modes. The empirical study was conducted with the data from the “Chinese Panel Study of Entrepreneurial Dynamics (CPSED)” project, especially targeting new technology venture samples.

The findings indicate that the social class identity and prior experience affiliation of nascent entrepreneurs (pre‐determined factors) have a significant impact on the innovativeness of their entrepreneurial identification. Because they determine opportunity identification results, these pre‐determined factors play a much more important role than the mode of the opportunity identification.

The findings provide a theoretical contribution to the transitional study with the unique data of the CPSED project. This study could be taken as the comparison for transnational cooperation and provides suggestions to government and entrepreneurship supporting agencies.

The promoting effects of entrepreneurship on economic development, innovation, and employment has been explained in the literature. However, research on micro‐level entrepreneurial activity, falls far behind practice. The purpose of this paper is to analyze the general laws of Chinese entrepreneurial activities at the micro level.

The paper takes a combination of stratified and random digital dialing sampling, and conducts a longitudinal survey on nascent entrepreneurs. In total, 293 nascent entrepreneurs were interviewed by telephone.

Preliminary analysis results of the first‐wave survey show that nascent entrepreneurs are featured as young, educated, and experienced. Most entrepreneurial activities are opportunity oriented, which is primarily sought via systematic searching. Most entrepreneurs start their businesses by making full use of available resources or abilities. Saving funds, collecting information of target customers and markets, and analyzing and forecasting financial risks are three main activities most frequently undertaken by Chinese nascent entrepreneurs; and most entrepreneurs create their businesses independently. Most new ventures are small businesses, over half of which take the second‐mover strategy and target mature and developing markets. Only a small number of new ventures exhibit high growth aspiration and entrepreneurs tend to pay more attention to the control of their businesses.

The paper presents an overall deconstruction of Chinese nascent entrepreneurs and the pre‐establishment activities of new ventures. The government and VCs can make decisions based on its findings.

The Chinese Panel Study of Entrepreneurial Dynamics is the first survey research program focused on the micro‐level entrepreneurial activities in China. This paper expands understanding of the entrepreneurial process.

The purpose of this paper is to build a research model to examine the effects of business planning on the new venture emergence, as well as to examine the moderating effects of innovativeness of products.

Four hypotheses are put forward and examined by hierarchical binary logistic regression. The data of this paper are based on the first two waves of data from Chinese Panel Study of Entrepreneurial Dynamics project.

Results show that engaging in business planning has a positive effect on the new venture emergence, and the timing of business planning does not affect the new venture emergence significantly. This study also finds that the innovativeness of products has a positive moderating effect on the relationship between the timing of business planning and the new venture emergence.

This study has some limitations. The innovativeness of products is measured by a single indicator, which may not completely reflect the meaning of the attribute. Moreover, this study explores new ventures only in the nascent stage.

The study is useful for entrepreneurs to realize the importance of business planning. First, engaging in business planning in early start-up stage is a very valuable activity, because business planning can help new ventures reduce the loss caused by trial and error learning. Second, engaging in business planning is more likely to ensure high innovative products quickly be accepted by the market. Because in the process of new venture emergence, the legitimacy signal to stakeholders can be transmitted and new products can be promoted to get support and recognition from stakeholder through the business plan.

This paper focuses on the early stage of new venture life cycle and the contextual factors to explore the influence of business planning on the new venture emergence under the logic of legitimacy. This paper could enrich business planning research from the perspective of legitimacy theory by inspiring scholars to focus on the differences between new ventures and mature enterprises and to offer proposals of legitimation strategies suitable for new ventures. Meanwhile, this study contributes to the understanding of the contextual factors of business planning. And it discusses the impact of the attribute in business planning on the new venture emergence, which helps scholars to get a deep thought about the value of business planning in entrepreneurial process.

This exploratory research aims to utilize a unique dataset obtained from the China Project of “Global University Entrepreneurial Spirits Students Survey” (GUESSS) to assess Chinese students' career choice intentions in general and entrepreneurial intention in particular, the dynamics of changes in career choice intentions, and impacts of career motives, university environment and perceived barriers.

The research followed the survey instrument and protocol designed by the organizer of the international GUESSS project. The sample in the dataset contains data of about 850 students who participated in China and 450 overseas Chinese students who participated in other countries in the international GUESSS project.

The most preferred career choice option for Chinese students right after leaving university is to work in a large company and their intention to start an own company is low. However, in five years after graduation, founding an own company is identified as the most preferred option. The change appears to be primarily associated with students' perception of own maturity, confidence and improved financial position.

The results indicate that the support of graduate entrepreneurship at universities shows first positive impacts, the entrepreneurship programs however still need to be extended to bridge the gap to realization. The insights into Chinese students' entrepreneurial intention are therefore of great value for educators, policy makers, and future student generations.

GUESSS is the first study to explore the entrepreneurial spirit of Chinese students in great depth and to enable an international comparison of the findings.

This paper aims to assess the comparative position of the national innovation system of Chinese state entrepreneurship versus liberal market entrepreneurship. Based on the comparative institutional framework, it asks whether Chinese state entrepreneurship has a comparative disadvantage because of its incoherent institutions in liberal or coordinated economies. Hence, does the Chinese institutional system of innovation lag behind that of US or liberal countries of Organisation for Economic Co-operation and Development (OECD) economies in the transformation of national science into economic products measured as high-technology exports?

This study uses panel data analysis based on 29 OECD economies and the Chinese economy over 23 years. Regarding national science productivity (explorative capabilities), it includes published and patented science streams; regarding technological transformation (exploitative capabilities), it measures the percentage of high-technology exports in gross domestic product (GDP). The interactions between the types of entrepreneurship and national science institutions serve as predictors in the design.

The results show that Chinese state entrepreneurship has a comparative advantage over liberal economies in published science. However, Chinese state entrepreneurship has a comparative disadvantage compared to liberal entrepreneurship in patent science. Regarding the dyadic level of comparability between the national economies, there are mixed results in the transformation of national science.

This study supports the three following theoretical points: national institutions differ regardless of the pressure of convergence through globalization; national science contingencies influence different paths of the transformation of national science to technology; and mixed economies, such as state entrepreneurship, can achieve high performance without fully conforming to liberal markets.

This study emphasizes institutional mechanisms for future research to support the innovation of incoherent institutions and suggests the benefit of cross-pollination of senior managers between state and private organizations for a defined duration.

Theoretically, this research combines an interdisciplinary and interinstitutional level of analysis, and in so doing, it deals with the transformation of national science in scientific publications and patents in the vertical value chain. Empirically, this study links the national published and patented science with the national economic artifacts in high-technology sectors. This novel approach to assess the national and discipline-level interaction sets a context for the future research in other settings. It also informs policy decisions regarding the growth of science, innovation and development.

The purpose of this paper is to examine whether, how and when new venture creation progress (NVCP) affects work-to-family conflict (WFC) by introducing coping behavior strategies as mediators, entrepreneurs’ prior experience and family involvement in business as moderators.

This study performs multivariate regression analysis based on a sample of 260 nascent entrepreneurs from the Chinese Panel Study of Entrepreneurial Dynamics.

This study reveals that an entrepreneur’s WFC tends to increase along with the growth of the new venture. Specifically, NVCP impels entrepreneurs to adopt reactive role behavior strategy and meet both entrepreneurial and family demands; meanwhile, NVCP propels entrepreneurs to adopt prioritizing entrepreneurship behavior strategy for the increasing work demands, thus leading to more WFC; the mediation effect of prioritizing entrepreneurship behaviors is stronger than that of reactive role behaviors, which leads to an overall positive main effect. Moreover, the preceding mediating paths are moderated by entrepreneurs’ prior experience and family involvement.

First, the authors have investigated how NVCP influenced WFC. However, the authors did not extend the research to the possible effect of WFC on entrepreneurial performance. Second, in the work-family-conflict literature, unmarried and those without children are often excluded since their private life demands differ significantly from parents’ demands. Although the authors control for marital status in the model, the number of children is still left uncontrolled. Furthermore, the authors only used the first two waves of data, leading to a potential selection bias. In addition, the Chinese context may have influenced the generalizability of the results in a complex manner.

This paper indicates that reactive role behavior strategy will decrease WFC, while prioritizing entrepreneurship behavior strategy will increase WFC. Therefore, the authors suggest entrepreneurs adopt more reactive strategy to reduce WFC. Besides, both prior experience and family involvement strengthen the relationship between NVCP and prioritizing entrepreneurship behavior strategy, thereby leading to more WFC. Therefore, entrepreneurs with prior experience and family involvement should pay more attention to their roles in family. Furthermore, entrepreneurs with family involvement can try to segment the entrepreneurship-family boundary psychologically. For example, entrepreneurs can avoid business talking with families but show concerns for them at rest time.

WFC has been found negatively related to individual health and well-being. And entrepreneurs experienced even more WFC than employees in established organizations. Therefore, it is of great importance to focus on the topic of reducing entrepreneurs’ WFC. This research indicates that entrepreneurs can experience less WFC by choosing reactive role behavior strategy. Prior experience and family involvement can induce them to be more attached to new venture creation. This research provides practical suggestions and reminders for entrepreneurs.

This mediated moderation model elaborates whether, how and when NVCP affects WFC, thereby contributing to the knowledge of entrepreneurship-family interface and enlightening nascent entrepreneurs about balancing their start-up responsibilities with their family life.

The purpose of this paper is to bridge the obvious gap presented in research on antecedents of effectuation by building a research model from the perspectives of effectuation and entrepreneurial opportunity.

This paper examines the effects of patterns of opportunity discovery and the innovativeness of entrepreneurial opportunity on the decision-making process of effectuation in new venture creation. Eight hypotheses are put forward and examined by hierarchical multiple logistic regression. The data in this paper are based on the first two rounds of survey data from Chinese Panel Study of Entrepreneurial dynamics.

The empirical results show that patterns of opportunity discovery have significant positive effects (at least partially) on effectuation. Namely, entrepreneurs employing fortuitous discovery tend to use available means and leverage contingency. And with lower innovativeness of opportunity, entrepreneurs are more likely to use affordable loss and leverage contingency.

The study is limited to each dimension of effectuation based on the single-item measure, which cannot completely reflect the effectual construct. More research should to be done to improve measures of effectuation.

The findings are useful for entrepreneurs to make effective decisions whether to choose effectuation in the face of different patterns of opportunity discovery. Besides, it provides the advice on how to cope with the innovativeness of opportunity and seize entrepreneurial opportunities to entrepreneurs.

This paper first systematically studies the effects of entrepreneurial opportunity on effectuation, making up for the obvious gap of research on antecedents of effectuation.

The purpose of this article is to analyze the supply (technology, education, labour, unemployment and real estate development) and demand (fiscal revenue and resident income) factors that influence regional entrepreneurial activity in China. Entrepreneurship develops at a rapid pace in China with significant differences among the country’s regions.

Statistics of 31 Chinese provinces from 2005 to 2010 were collected, and an econometric model of the panel data was established.

Empirical results show that technology and employment positively impact on regional entrepreneurial activity. A subsequent analysis comparing data from 2005-2008 to 2009-2010 showed that different variables on regional entrepreneurship weaken during a period of financial crisis, with technology remaining as the only significant variable across all models. Finally, the study summarizes China’s entrepreneurial activity as primarily supply-driven.

This study is limited by the data sources and index design, which may not fully capture all influences on regional entrepreneurship to determine whether an inflection point or other interaction mechanisms exist.

The study demonstrates a differential emphasis on the impact of economic supply factors in a developing economy to positively affect entrepreneurial activities and sustained economic growth at the regional level. Conversely, it can be inferred that increased government spending during an economic crisis positively influences regional entrepreneurial activities.

The study contributes toward the development of a theoretical framework that emphasizes the relationship between entrepreneurial activities and its regional supply and demand factors. The overall model and findings highlight technology’s importance on the development of innovation clusters that spur industrial agglomeration.

Based on the density dependence theory, this paper attempts to explore how two types of interdependence among firms located in the same national high-tech zones (NHTZs) – mutualism and competition – affect entrepreneurship in the NHTZs. The authors suggest that increasing firm density can help enhance legitimacy and form mutual networks. However, as the competition becomes fierce, the above positive relationship will weaken when the firm density exceeds a certain level. In addition, the authors are interested in whether the age of NHTZs would affect their sensitivity to legitimacy and competition and whether firm density affects entrepreneurship.

This article formulates two hypotheses from the theoretical deduction. The hypotheses are examined using the ordinary least squares (OLS) regression with a unique, unbalanced panel dataset of Chinese NHTZs spanning from 2014 to 2021. Considering potential endogeneity risk among the variables, the authors attempt to lag variables and ultimately find the results are still robust.

Drawing upon the density dependence theory, the empirical results show firm density is conducive to promoting entrepreneurship, while the positive relationship between community density and NHTZs' entrepreneurship gradually weakens as the firm density surpasses a certain level. The dynamics between mutualism and competition have different impacts on NHTZs' entrepreneurship. In addition, the results demonstrate that the linkage between firm interdependence and entrepreneurship is stronger for younger NHTZs. Firm density has an impact on entrepreneurship through legitimacy and excessive competition effects.

On the one hand, the research period of this paper is 2014–2021, as the China Torch Statistical Yearbook only started to publish operating revenues in 2014, so the data period of this paper is relatively short. More research can be done in the future when more data is disclosed. On the other hand, the qualitative analysis cannot be conducted because of the limited data and materials. In future research, the qualitative analysis of entrepreneurial activities in NHTZs, such as questionnaires or case studies, needs to be supplemented, which will be an interesting direction.

Most existing research has not distinguished the differences between NHTZs (Wang et al., 2019), especially the differences in legitimacy and access to resources caused by the age of NHTZs. This article considers the heterogeneity between NHTZs, which helps to provide theoretical and practical evidence for a transition economy like China to make trade-off decisions on balancing absorbing new entrants with promoting the efficient allocation of resources based on the density and age of NHTZs.

Drawing upon density dependency theory, this paper enriches the literature on agglomeration and entrepreneurship with a new perspective and extends the study to NHTZs.

First, this paper provides new evidence on how agglomeration affects entrepreneurship from an ecological perspective with the help of mutualism and competition interdependence. Most studies have explored the role of agglomeration in entrepreneurship, focussing on social networks, knowledge spillovers or resource endowments (Acs et al., 2013; Capozza et al., 2018; Yu, 2020). Drawing upon density dependency theory, this paper enriches the literature on agglomeration and entrepreneurship with a new perspective and extends the study to NHTZs. Second, the emphasis of science parks has been primarily on qualitative or case studies (Salvador et al., 2013; Guo and Verdini, 2015; Xie et al., 2018). We have diversified the quantitative research between agglomeration and entrepreneurship by using panel data from Chinese NHTZs from 2014 to 2021. Third, most existing research has not distinguished the differences between NHTZs (Wang et al., 2019), especially the differences in legitimacy and access to resources caused by the age of NHTZs. This article considers the heterogeneity between NHTZs, which helps to provide theoretical and practical evidence for a transition economy like China to make trade-off decisions on balancing absorbing new entrants with promoting the efficient allocation of resources based on the density and age of NHTZs. Finally, this paper meticulously investigates the profound influence and underlying mechanisms of firm density within NHTZs on entrepreneurship. It discerns two distinct mechanisms at play: the legitimacy effect and the impact of excessive competition resulting from firm density. This comprehensive analysis significantly contributes to our comprehension of the intricate interplay between firm density and entrepreneurship, shedding light on the dynamics of competition and mutual benefits.

The purpose of this paper is to build a research model from the perspectives of entrepreneur and entrepreneurial opportunity examining the effects of entrepreneurial growth aspiration and the innovativeness of entrepreneurial opportunity and their interactive effect on the business planning in the new venture emergence.

Six hypotheses are put forward and examined by hierarchical multiple linear regression and multiple logistic regression. The data of this paper are based on the first two rounds of survey data from Chinese Panel Study of Entrepreneurial Dynamics.

The empirical results show that entrepreneurial growth aspiration has significant positive effects on the business planning, namely, compared to the comfortable size entrepreneurs, the growth-oriented entrepreneurs are more likely to do the business planning in the new venture emergence. Different from prior discoveries, the innovativeness of opportunity has no effect on the business planning, but it positively influences the time of doing business planning, and entrepreneurial growth aspiration has a positive moderate effect on this relationship.

Entrepreneurial growth aspiration in this paper is divided into growth-oriented entrepreneur and comfortable size entrepreneur from the single perspective of scale. Future research should define growth aspiration as a continuous variable in light of several dimensionalities.

The findings are useful for entrepreneurs to make rational and effective decisions whether to do business planning and when to do on the basis of their growth aspiration and the innovativeness of opportunity. The growth-oriented entrepreneur should do the business planning in the new venture emergence. The higher innovative the opportunity is, the latter the entrepreneur had better do the business planning. Besides, it provides the theoretical foundation for entrepreneurship training courses about business planning offered by governments, educational institutions and social training institutions.

This paper absorbs growth aspiration into the analysis framework about business planning based on expectancy theory, making up for deficiencies that prior researches excessively focus on entrepreneurial experience and opportunity. Additionally, the study will inspire scholars to research the mechanism of action relative to business planning from the interactive relationship between entrepreneur and entrepreneurial opportunity.