scholarly journals Efficacy of Entrepreneurs' Psychological Capital on the Performance of New Ventures in the Development of Regional Economy in the Greater Bay Area

2021 ◽  
Vol 12 ◽  
Author(s):  
Hongbo Chen ◽  
Yitao Tao

The study aims to analyze the relationship between the psychological capital and enterprise performance of the entrepreneurs and provide direction for the optimization of regional economic development and talent introduction mechanism. First, the theoretical basis is established from regional economic development, innovative talent introduction, and individual psychological capital theory, according to which the questionnaire survey is designed, and four dimensions of self-efficacy (C), wish (W), toughness (T), and optimism (O) are selected to set the questions on psychological capital and innovation performance. Then, following statistical analysis, the characteristics of the new ventures are revealed. Finally, based on the empirical research model, the hypotheses are put forward based on psychological capital and its four subdimensions, and the relationship between the efficacy of the psychological capital and the performance of new ventures of the entrepreneurs is revealed through regression analysis. The results show that the proportion of the computer and education industry in the new ventures reaches 67.7%, and the proportion of enterprises with 1–5 entrepreneurial years reaches 78%. Meanwhile, the proportion of first-time entrepreneurship is 60.5%, and the proportion of entrepreneurs motivated by their ideal reaches 35.8%. The new entrepreneurs have a good grasp of the market situation, and the overall operation condition is stable. Most of them originate from micro and small enterprises (MSE). Psychological capital has a great influence on individual entrepreneurship. The empirical results show that the psychological capital of entrepreneurs has a positive effect on the performance of new ventures. Except for the subdimension of O, the other three subdimensions (C, T, and W) of psychological capital have a positive effect on the performance of new ventures, and psychological capital as a whole has the greatest impact. The results provide a reference for the relationship between the performance improvement of new ventures and regional economic development.

2018 ◽  
Vol 1 (4) ◽  
pp. 116
Author(s):  
Yunong Sang

Art has a positive effect on regional development. This paper believes that as an important part of art, artists play an important role in regional development. As an individual artist, using their personal influence to form a brand effect is worthy of study on the promotion of regional economic development, art education, and national art internationalization. However, in the development based on personal influence, it is worthwhile to think about the shortcomings caused by personal factors and how to solve them.


2019 ◽  
Vol 131 ◽  
pp. 01097
Author(s):  
Wei Li ◽  
Yi Li ◽  
Ya fei Liu ◽  
Sheng xi Ding

This paper according to the characteristics of Qinghai Province System, constructs the evaluation index of informatization and regional economic development level, and the relationship between informatization and regional economic development in Qinghai Province is analyzed and calculated emphatically based on gray correlation method. The results show that the influence of different indicators on the regional economic development of Qinghai Province is different. Finally, the author puts forward some suggestions on the coordinated development of informatization construction and regional economy in Qinghai Province.


2020 ◽  
Vol 12 (21) ◽  
pp. 8843
Author(s):  
Soogwan Doh

Although many discussions of regional economic development have been made to this day, the regional economic development sector is constantly looking for new models to address the many challenges of each region in a sustainable way. This study aims to empirically examine the relationship between social entrepreneurship and regional economic development, focusing on government-driven social enterprises in South Korea. I conduct an exploratory study of government support for social enterprises in South Korea at the local and central government level and empirically examine the relationship between social entrepreneurship and regional economic development by using time sequential panel data collected over an eight-year period from 2007 to 2014. Results from panel regression (fixed-effect and random-effect) models indicate that social entrepreneurship measured as the number of government-driven social enterprises has a positive relationship with regional economic development. As claimed in numerous previous studies on regional economic development, the fixed-effect regression results of this study also indicate that physical capital, human capital, knowledge capital, and entrepreneurship are all significant and important factors shaping regional economic output. The results of this study suggest a new direction for policy that focuses on instruments to promote social entrepreneurship. Thus, governments of each region need to make efforts to promote job creation in social enterprises because they possess the ability to efficiently respond to the immediate needs of local social enterprises. These government-driven social enterprises can contribute to regional economic development through creating new jobs in South Korea.


2021 ◽  
Vol 13 (3) ◽  
pp. 1305
Author(s):  
Shasha Xu ◽  
Weijun He ◽  
Liang Yuan ◽  
Dagmawi Mulugeta Degefu ◽  
Yang Yang ◽  
...  

The sustainable development of the water–energy–food (WEF) system has gained global attention as a result of limited land resources, inadequate energy supply and growing water stress. Coordination degree is an important indicator to measure the sustainable development of the WEF system. Improving the coordination degree contributes to the sustainable development of the WEF system and affects regional economic development. The extended Cobb–Douglas function is applied to examine the relationship between coordination degree of the WEF system and regional economic development in 31 provinces of China during the period of 2007–2018. By using the system generalized method of moments (GMM) estimation, empirical results indicate that in the regions with low coordination degree, improved coordination degree of the WEF system will hinder regional economic growth. In the regions with high coordination degree, it will promote regional economic growth. The results indicate that there is a lag period for the influence of improved coordination degree on regional economic growth. When making resources management policies, shortening the lag period is conducive to achieving sustainable development and promoting regional economic development. Governments of various regions should formulate different resource management policies based on the conditions of each region and the different relationships between coordination degree of the WEF system and regional economic development.


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