数字金融发展对家庭创业决策的影响及机制探讨

Discussion on the Influence and Mechanism of the Development of Digital Finance on Family Entrepreneurial Decisions

基于2012-2016年北京大学数字普惠金融指数与中国家庭追踪调查(CFPS)匹配数据,考察数字金融发展与家庭创业决策二者之间的内在关系。研究发现:数字金融发展显著提升了家庭的创业意愿,而这种提升作用主要通过缓解家庭所面临的信贷约束、信息约束和金融知识约束来实现。同时,相对于东部地区高收入家庭和农村中的高教育水平家庭,数字金融发展对家庭创业的促进效果在中西部地区低收入家庭和城市中的低教育水平家庭更为明显,在一定程度上体现出了数字金融普惠性和包容性的特征。

Based on the matching data of the Peking University Digital Financial Inclusion Index and the China Family Tracking Survey(CFPS) from 2012 to 2016,this paper examines the internal relationship between the development of digital finance and household entrepreneurial decision-making.The study found that the development of digital finance has significantly increased the entrepreneurial willingness of families,and this improvement is mainly achieved by alleviating the credit constraints,information constraints and financial knowledge constraints faced by families.At the same time,compared with high-income families in the eastern region and high-education families in rural areas,the effect of digital finance development on family entrepreneurship is more pronounced in low-income families in the central and western regions and low-education families in cities,to a certain extent.Reflects the inclusive and inclusive characteristics of digital finance.