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| The Mechanism of Science and Technology Entrepreneurship Policy:A Perspective of continuity and stability of the policyand the Multiplier Effect |
| 1. Wuhan University of Technology, School of Management, Wuhan 430070,China；2. Hubei Enterprise Culture Research Center，Wuhan 430205,China |
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Abstract Abstract：Science and technology entrepreneurship activities associated with enterprise formation, achievement transformation, product produced, value creation and other complex and varied activities,which determines configuring resources independently only rely on the current China's less mature entrepreneurial market is difficult to meet the requirements, so the urgent need for national and local governments is to provide a strong policy support. Based on entrepreneurial cognition theory, entrepreneurial orientation theory and entrepreneurial network theory, this paper builds the theoretical framework. 243 science and technology startups in Wuhan are analyzed by using the structural equation model and regulating effect model. The results of the study mainly include: the theme of science and technology entrepreneurship policy has no significant positive effect on the effect of science and technology entrepreneurship policy; the continuity， stability and the multiplier effect of science and technology entrepreneurship policy have a significant positive adjustment effect on the above effect.
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