A Meta-Analysis of the Relationship between Financing Efficiency and Entrepreneurial Vitality: Evidence from Chinese College Students

Abstract

Entrepreneurial financing has a profound impact on young college students’ involvement in entrepreneurial practice and entrepreneurial performance. A certain amount of research literature about the relationship between financing efficiency and entrepreneurial vitality of college students has been accumulated, but the relevant analysis and research conclusions are not unified, which requires us to summarize general conclusions through the meta-analysis method. Based on 444,106 samples from 21 studies on the relationship between financing and entrepreneurship in college students from 2015 to 2022, this study conducts a meta-analysis on the relationship between their financial efficiency and entrepreneurial vitality. The moderating effects of five variables, entrepreneurial competence, entrepreneurial education level, age, entrepreneurial location environment and entrepreneur social capital are analyzed. The results of meta-analysis show that financing efficiency has a significant positive impact on the entrepreneurial vitality of college students. Entrepreneurial competence, entrepreneurial education and entrepreneurial location environment have significant positive moderating effects on the relationship between financing efficiency and the entrepreneurial vitality of college students, Financing effectiveness and availability have significant positive effects on entrepreneurial intention and entrepreneurial performance. On the basis of these conclusions, this study puts forward relevant suggestions from the perspective of government, universities and entrepreneurs.