摘要
文章利用中国家庭跟踪调查(CFPS)2014年度数据,采用离散选择模型和两阶段最小二乘方法,从广度和深度两个方面研究了"互联网+"下包容性金融对家庭创业决策的影响。结果表明:"互联网+"与包容性金融的融合发展将通过"信息流"融通"资金流",降低家庭创业融资中的风险,增加其正规金融市场参与度,从而提升一般家庭的创业可能性,特别是对城市家庭、高收入家庭和受教育程度高的家庭的创业决策具有明显的促进作用;此外,"互联网+"与包容性金融的融合发展还将使家庭更积极地投身于机会型创业活动中。文章进一步检验了"互联网+"下包容性金融影响家庭创业决策的正规金融融资偏好渠道和风险偏好渠道的有效性,这对于在当下的"双创"工作中改善创业者的金融支持环境具有重要的意义。
By using the data of China Family Panel Studies 2014, this paper investi- gates the effect of financial inclusion under ＂Internet Plus＂ on household entrepreneurial decisions from two perspectives of width and depth based on discrete variables selection model and two-stage least-squares estimation method. It arrives at the following conclu- sions, through the fusion of the information flow and the financing flow, the fusion of ＂In- ternet Plus＂ and financial inclusion reduces the risks in household business financing and increases its participation in formal financial market, thereby promoting ordinary house- hold entrepreneurial probability~ especially in urban families, high income families and families at higher education level, it plays a significantly promotion role in their entrepre- neurial decisions~ besides, the fusion of ＂Internet Plus＂ and financial inclusion also makes families be more active in opportunity-based entrepreneurial activities. This paper validates the availability of the effects of financial inclusion under ＂Internet Plus＂ on formal financial financing preference and risk preference channels in household entrepreneurial decisions, which is of great significance to the improvement of financial supportive environment in present work of ＂popular entrepreneurship and innovation＂.
出处
《财经研究》
CSSCI
北大核心
2017年第9期62-75,F0003,共15页
Journal of Finance and Economics
基金
国家社会科学基金项目(15BJL015)
关键词
“互联网+”
包容性金融
家庭创业
＂Internet Plus＂
financial inclusion
household entrepreneurship
