Digital literacy has been increasingly important among workers in the labour market, and it also has been viewed as a micro reflection of the growing of China’s digital economy. Internet use is an integral part of workers’ digital literacy, which has a significant influence on entrepreneurial decision-making. This paper aims to explore the direct impact of Internet use on entrepreneurship, analyzing the mechanism and group differences of Internet use. It has a practical meaning to China’s policies of promoting employment. Based on the data of China Labour Dynamics Survey (CLDS), the paper uses Probit model and 2SLS regression analysis to examine the direct impact of Internet use on entrepreneurship, and to analyze its mechanism by adopting the mediation effect model. The study indicates that Internet use has significantly increased the probability of starting a business, the impact has been stronger on the new generation, rural residents and the groups with work experience. Further analysis shows that Internet use not only increases venture capital, social capital and income, but also helps to shape individual workers’ learning ability, which has an indirect effect on promoting entrepreneurship. The above results show the way of promoting workers’ willingness of entrepreneurship, which are expanding Internet access, promoting policies of improving workers’ Internet skills, focusing on cultivating comprehensive cognitive abilities including risk awareness and learning abilities.
Financial risk, as one of the most influential and destructive risks in business, will make enterprises unable to escape the fate of bankruptcy if not warned and prevented in time. In the paper, we conducted research on the financial risk early warning of listed companies. A total of 250 companies were randomly selected from the Chinese A-share market from 2019 to 2021. By building the 26 financial indicators of listed companies and constructing the PCA-BP neural network, we compared the financial risk early warning effects among PCA-BPNN, SVM, and Logistic. It is found that the financial data processed by PCA can better adapt to the financial risk early warning model. The PCA-BPNN model improved the prediction accuracy of the financial risk early warning, which has strong generalization ability for the prediction of financial risk. Research findings have certain reference significance for precise judgment on the financial risk of companies.
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