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| Research on Stage Characteristics Evolution of Entrepreneurial Ecosystem from the Perspective of Integration: A Text Analysis Based on Listed Companies in Shenzhen |
| LI Xueling，LONG Yujie，LI Wei，LIU Jing |
| Jilin University， Changchun， China |
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Abstract This paper combines the three theoretical lenses of entrepreneurship, ecological metaphor and system theory to construct the characteristic analysis framework of the entrepreneurial ecosystem, and takes the annual reports of 271 locally listed companies in Shenzhen Stock Exchange as text analysis samples to verify the characteristic framework while identifying the evolution stage of the entrepreneurial ecosystem in Shenzhen. The results show that the degree of innovation of entrepreneurial opportunity set, the degree of niche overlap and the degree of interagency symbiosis are the criteria for the evolution of stage characteristics of entrepreneurial ecosystem. The entrepreneurial ecosystem in Shenzhen follows the characteristic evolution path of “low overlap of niches—creative opportunity set—line symbiosis”→“high overlap of niches—replicating opportunity set—surface symbiosis”→“low overlap of niches—improved opportunity set—body symbiosis”.
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Received: 23 April 2022
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