Entrepreneurship and high-quality economic development: based on the triple bottom line of sustainable development

Abstract

High-quality development has recently become an inevitable requirement for sustainable and healthy economic development in China, which pursues a sustainable ecology and a happy society for people while developing economy. Entrepreneurship is believed to be the essence of enterprise and one of the important factors of social economic development. This paper uses triple bottom line of sustainable development to measure high-quality economic development and studies the mutual influences between entrepreneurship and triple bottom line of sustainable development. Furthermore, this paper uses three moderating variables to study the moderation effect, including business environmental index, environmental regulation and foreign direct investment. The empirical results show that there exists a close relationship between entrepreneurship and triple bottom line of sustainable development. There are different influences of entrepreneurship and triple bottom line of sustainable development in different areas in China. The results also show that the business environment and foreign direct investment not only have direct impacts but also moderation effects on entrepreneurship towards triple bottom line of sustainable development. Environmental regulation affects environmental pollution only by the moderation effect towards entrepreneurship, and the effects are different in various areas.