Resources Dependence and Mobilization’s Effect on the Financing Efficiency of Chinese CSIE
Author:Enpei Liu, Maofu Wang Author Unit: Department of Sociology, Huazhong University of Science and Technology, Wuhan 430074, Hubei, People’s Republic of China
Abstract：This paper uses survey data to study the resources dependence and mobilization’s effect on the financing
efficiency of Chinese college students innovative entrepreneurship (abbreviated as CSIE). The findings are as
follows: first, among the internal resources dependence, the management resource as an independence variable
has a significant impact on the transaction efficiency and financial efficiency of innovation-oriented start-up
financing, while the technical resource dependence only has an impact on the transaction efficiency of innovation-
oriented start-up financing, but has no significant impact on the financing efficiency. In the dependence of external
resources, the support of central government and local government has no significant influence on the financing
efficiency of CSIE.¬¬¬ The support of higher schools only affects the financial efficiency of innovation-oriented
entrepreneurship, but does not pass the test of significance level on transaction efficiency. Second, social support
in mobilization opportunities all passed the significance level of 1％ test in structural equations. That is to say,
social support has significant positive effects on the transaction efficiency and financial efficiency of innovative
venture financing. The breadth of social network has no significant effect on the financial efficiency and
transaction efficiency of innovative venture financing. And the depth of social network has a significant impact on
the financial efficiency and transaction efficiency of innovative venture financing.
