This paper examines the pre-factors of college students’ entrepreneurial behaviors and how their background characteristics affect corporate financial performance in high-tech businesses.
About 67 high-tech businesses in China focusing on technical innovation from the Guotai’an database are selected to carry out empirical analysis.
It is observed that the age, educational and professional backgrounds of college entrepreneurs profoundly influence their ventures geared toward high-tech innovation. Moreover, the transformation abilities, managerial proficiency and growth capabilities, which characterize these ventures, notably affect business performance. They further serve as a moderator in the relationship between the entrepreneurial backgrounds of college students and the overall business performance of their enterprises.
It insinuates novel strategic avenues for collegiate entrepreneurs’ entrepreneurial mindset and industrial positioning. Moreover, our findings will not only augment the practical research in the realm of collegiate entrepreneurship but also enhance the study of technological innovation theories, thereby offering further insight and guidance for collegiate entrepreneurs’ innovative endeavors and entrepreneurial pursuits.
