The Empirical Study Of The Impact Of Development Level On Entrepreneurial Activity

Entrepreneurial activity has gradually become an important form of stimulating regional economic growth, it is also a key measure to alleviate the pressure of employment in China. Entrepreneurial activity can be divided into three stages: entrepreneurial motivation, entrepreneurial opportunity search and entrepreneurial opportunity realization. The stage of entrepreneurial opportunity represents whether the preparation process can be transformed into the final result, so it is very important. In this stage, the source of venture capital is the most important factor in all factors. As the behavior of the optimal allocation of resources across time, finance has a very important impact on entrepreneurial activity. The level of financial development represents the ability whether a country or region can provide the support of venture capital for entrepreneurial activities or not, whether resource can be configured and integrated positively and reasonably or not, whether it can be encouraged to prove competition and capital utilization efficiently as far as possible in today's marketing economy environment. What we can see is the level of financial development in a country or region has a close relationship with the entrepreneurial activity of the region. In China, the entrepreneurial activities in all regions are facing financing difficulties, the entrepreneurial activity among the provinces also have a large disparity. Thus, this paper takes Jiangxi and Jiangsu as a comparative object of study, combined with theoretical and empirical analysis, to explore the impact of the level of financial development in the two provinces of its entrepreneurial activity and then make the comparative analysis.Based on collecting the relevant theory, using the time series data from 1992 to 2014 of Jiangxi Province and Jiangsu Province, this paper takes multiple linear regression method to make an empirical analysis on how the level of financial development in two provinces is impacted on entrepreneurial activity. The three dimensions of financial scale, financial structure and financial efficiency describe the financial development level in the region. Chinese Private Entrepreneurship Activity(CPEA) proposed by GEM which has improved measures regional entrepreneurial activity levels. Through the multiple linear regression model, the following conclusions are drawn: The improvement of financial structure and financial efficiency in Jiangxi province will promote the promotion of entrepreneurial activity, financial scale has no significant impact on entrepreneurial activity; The improvement of the financial scale and financial structure of Jiangsu province has a promoting effect on entrepreneurial activity, financial efficiency has no significant impact on entrepreneurial activity; for the contribution to the extent of their entrepreneurial activity of three dimensions between the two provinces, financial scale and financial structure have greater contribution in Jiangsu Province, while the impact of the financial efficiency on entrepreneurial activity in Jiangsu Province is not as good as in Jiangxi Province.