家庭财富对农民创业的影响研究——基于非正规金融支持的中介效应检验

Research on the Influence of Family Wealth on Farmers’Entrepreneurship-Based on the Intermediary Effect Test of Informal Financial Support

本文基于2018年中国家庭追踪调查(CFPS)数据,使用Probit模型、OLS模型和中介效应模型,对家庭财富、非正规金融支持与农民家庭创业决策、创业规模和盈利能力之间的因果关系及作用机制进行了实证检验。结果显示:第一,家庭财富对农民家庭创业决策、创业规模,以及盈利能力具有显著正向影响,家庭财富越多,农户选择创业的意愿越强,创业绩效也会相应更好,并且实证结果具有较强的稳健性;第二,非正规金融支持在家庭财富对农民家庭创业决策、创业规模的影响过程中起到了部分中介作用;第三,非正规金融支持对农户盈利能力的影响没有产生显著的中介作用,家庭财富在非正规金融支持的中介作用下提高了农户的创业意愿;最后,从农户个人、金融机构和政府三个层面提出了相应的政策建议,以便进一步提升农民自主创业的积极性。

Based on the data of China Family Panel Studies(CFPS)in 2018,this paper used Probit model,OLS model and intermediary effect model to empirically test the causal relationship between family wealth,informal financial support and farmers’entrepreneurial decision-making,entrepreneurial scale and profitability.The results show that first,family wealth has a significant positive impact on farmers’entrepreneurial decision-making,entrepreneurial scale and profitability.The more family wealth,the stronger farmers’willingness to choose entrepreneurship,and the better entrepreneurial performance.Besides,the empirical results are robust.Secondly,informal financial support plays a partial intermediary role in the process of family wealth’s exerting influence on farmers’entrepreneurial decision-making and entrepreneurial scale.Thirdly,informal financial support has no significant mediating effect on farmers’profitability,and family wealth enhances farmers’entrepreneurial willingness due to the mediating effect of informal financial support.Finally,the corresponding policies and suggestions were put forward from three aspects:individual farmers,financial institutions and government,so as to enhance the enthusiasm of farmers to start their own businesses.