金融素养对小微企业创业绩效的影响机制研究

On the Influence Mechanism of Financial Literacy over the Entrepreneurship Performance of SMEs

运用中国小微企业调查数据,实证检验了金融素养对小微企业创业绩效的影响及其作用机制,结果表明金融素养对小微企业创业绩效具有显著提升作用。进一步研究发现,金融素养可以通过改善小微企业主风险偏好提高创业绩效;此外,在金融市场化水平更低的地区,金融素养对于创业绩效的作用更显著。建议小微企业主加强金融知识学习、增强自身金融素养,相关部门和机构加大经济金融类培训和金融知识普及力度,加快金融市场化改革步伐。

Using the survey data of Chinese SMEs,this paper empirically tests the impact of financial literacy on the entrepreneurial performance of SMEs and its mechanism.Results show that financial literacy has a significantly positive impact on the SMEs’entrepreneurial performance.Further research finds that financial literacy can improve the entrepreneurial performance mainly by improving the risk preferences of SMEs owners.In addition,financial literacy can improve the entrepreneurial performance more significantly in regions with lower financial marketization.It is recommended that SMEs owners strengthen their financial knowledge and enhance their financial literacy,and relevant departments and institutions should increase economic as well as financial training and popularization of financial knowledge,and accelerate the pace of financial market reform.