摘要
创业活动的开展,推动了就业机会增加与产业结构优化升级,为经济增长提供了有力支撑。本文运用2017年中国家庭金融调查(CHFS)数据,研究移动支付对家庭创业决策和经营绩效的影响。考虑到模型可能存在内生性问题,本文选取是否拥有智能手机作为工具变量,使用工具变量法进行估计。研究发现,移动支付显著提高了家庭创业的概率和工商业项目的经营绩效,并且对创业成本高和受到信贷约束的家庭创业活动促进作用更大。移动支付显著提高了企业进行创新活动的概率,为经营绩效的改善提供了可能的解释;通过优化创业条件,移动支付使得家庭主动创业的概率提高。异质性分析表明,移动支付对相对落后地区家庭的创业决策与经营绩效的正向影响更大,显著提高了日常消费行业与微型企业的经营绩效。这可能是因为,这些地区基础设施建设较为落后、企业经营规模较小,致使他们创业成本相对较高、更易受到信贷约束,移动支付为创业者提供了节约成本、缓解信贷约束的新技术,因而对这些地区和企业的影响更为显著。基于以上分析,对如何更好地促进"大众创业、万众创新"提出了政策建议。
The entrepreheurship has promoted the creation of job opportunities, and the optimization and upgrading of industrial structure, thus providing strong support for economic growth. Based on the data collected in China Household Finance Survey(CHFS) in 2017, this paper studies the impact of mobile payment on household entrepreneurial decisions and business performance. Taking into account the possible endogeneity in the model, an instrumental variable method is employed where ownership of smartphone is set as the instrumental variable. The study showed that mobile payment significantly increasing the probability of household entrepreneurship and enhancing business performance. Moreover, it plays a greater role in promoting entrepreneurship activities of households with high start-up costs and credit constraints. Mobile payment improves the probability of enterprises’ innovative activities, this provides a possible explanation for the improvement of business performance. By optimizing entrepreneurial conditions, it also increases the probability of household initiative entrepreneurship.Heterogeneity analysis shows that mobile payment has a greater positive effect on households’ entrepreneurship decision-making and business performance in relatively backward areas, and it significantly improves the business performance of daily consumption industry and micro-enterprises. A possible explanation is presented in the paper,as that supporting facilities in aforesaid regions are relatively lagging behind, the business scale is relatively small,resulting in relatively high cost for entrepreneurship;financial constraints also play a role. Development of mobile payment facilitates reduction, if not removing at all, at least to a noticeable degree, of inhibitions in both aspects.Based on the above analysis, the paper endeavors to put forward policy suggestions on better promotion of the'mass entrepreneurship and innovation' campaign.
作者
尹志超
公雪
郭沛瑶
YIN Zhi-chao;GONG Xue;GUO Pei-yao(School of Finance,Capital University of Economics and Business,Beijing 100070,China)
出处
《中国工业经济》
CSSCI
北大核心
2019年第3期119-137,共19页
China Industrial Economics
基金
国家社会科学基金重点项目"互联网消费金融的发展
风险与监督"(批准号16AZD014)
关键词
移动支付
创业
经营绩效
成本
信贷约束
mobile payment
entrepreneurship
business performance
cost
credit constraints
