How to formulate entrepreneurship policies to improve college students’ entrepreneurial intention? ——An empirical study based on a sample of 4600 Chinese college students

Abstract

The purpose of this paper is to clarify the composition of policies on entrepreneurship by college students and explore its influencing mechanism, in particular the path mechanism, on an entrepreneurial intention. Framed by the multiple-regression models and structural equation models, we construct an evaluation model with four hypotheses and several variables. The research includes an empirical study using an online survey distributed to college students. Responses by participants (n = 5212) were further validated, producing valid responses (n = 4600). We used SPSS26.0 in a factor consistency test analysis and AMOS to examine the descriptive statistics, such as factor loading, correlation analysis and path test. We design a quadrant model to illustrate policy importance and corresponding satisfaction. After the performance of statistical analysis, the initial entrepreneurial impression has a weak positive correlation with entrepreneurial policies and ultimate entrepreneurial intentions and the most important factor that affects entrepreneurial intentions is entrepreneurial policies. Each policy plays an indispensable role in the entrepreneurial ecosystem and has a direct or indirect impact on the other policies, ultimately affecting the entrepreneurial intention of college students. This article empirically reveals five dimensions in entrepreneurial policies and the path that makes up their link to entrepreneurial intention. Further suggestions are offered based on our research findings on optimization of the entrepreneurial policy system, aimed at increasing students’ entrepreneurial intention.