Abstract
This study examines the effect of investment by universities on student entrepreneurial activities, with an emphasis on the mediating effect of educational support. The effectiveness of university support on students’ entrepreneurial aspirations and motivations has long been of interest to researchers; however, the outcomes of previous studies are inconclusive. These studies mostly used survey data from a fraction of universities in a given country. To treat this topic more comprehensively, we empirically analyze how university support of entrepreneurial activities affects the number of student founders using a nationwide panel data set annually collected by a government agency in South Korea. Our findings suggest a significant and positive effect of university investment in entrepreneurship on the number of student founders. Differential mediating effects are observed according to the type of educational support. The results of this study may provide guidance in policy development for university and college educators in the form of a few recommendations for policymakers based on an understanding of the effectiveness of investments related to entrepreneurial activities.
Funding statement: This work was supported by Korea Small and Medium Business Administration (Grant/Award Number: ‘10016911’).
Acknowledgements
This work was supported by the POSTECH Entrepreneurship Center (PEC) (Grant No.10016911), funded by the Korea Small and Medium Business Administration. This work was also supported by the Ministry of Education of the Republic of Korea and the National Research Foundation of Korea (NRF-2016S1A5A8019917). We also thank Woo-sung Jung at POSTECH for providing generous support and helpful comments for this study.
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Articles in the same Issue
- Entrepreneurial Causation vs. Effectuation in a Business Incubation Context: Implications for Recruiting Policy and Management
- Are the Intentions to Entrepreneurship of Men and Women Shaped Differently? The Impact of Entrepreneurial Role-Model Exposure and Entrepreneurship Education
- The Impact of University Support on the Creation of Student Entrepreneurs: Evidence from South Korea
- Entrepreneurial Orientation and Firm Performance: Is Product Quality a Missing Link?
Articles in the same Issue
- Entrepreneurial Causation vs. Effectuation in a Business Incubation Context: Implications for Recruiting Policy and Management
- Are the Intentions to Entrepreneurship of Men and Women Shaped Differently? The Impact of Entrepreneurial Role-Model Exposure and Entrepreneurship Education
- The Impact of University Support on the Creation of Student Entrepreneurs: Evidence from South Korea
- Entrepreneurial Orientation and Firm Performance: Is Product Quality a Missing Link?