摘要
本文基于CHARLS2008数据分析金融约束对家庭创业行为的影响及其城乡差异。结果表明,样本家庭创业行为存在显著的城乡差异和区域差异,经济发达的浙江城镇和农村家庭创业概率分别为27.87%和33.86%,而经济欠发达的甘肃城镇和农村家庭创业概率分别为15.06%和1 1.18%。整体上,家庭创业受到自有财富水平的影响,财富水平与家庭创业概率显著正相关,表明金融约束是家庭创业选择的重要决定因素;同时,金融约束对经济欠发达的甘肃省和农村地区的家庭创业抑制作用更大。部分地区农村非正规金融为创业提供了补充性的信贷支持。按财富阶层分组回归显示,财富分布处于中等偏下的家庭创业受到金融约束的抑制尤为显著,这有可能会导致收入差距的持续扩大和限制低财富家庭的"向上流动"。
We use China Health and Retirement Longitudinal Study data to examine how financial constraint af- fect household entrepreneurial in urban and rural areas. The results show that entrepreneurial activities have significant differences between urban and rural households. The probability of household entrepreneurial is 27. 87% in urban area and 33.86% in rural area of Zhejiang province, and 15.06% in urban area and 11.18% in rural area of Gansu province. The empirical results indicate that financial constraints play an impor- tant role in shaping the patterns of entrepreneurship. Wealthier households are also more likely to start their businesses and face fewer constraints. Financial constraints place greater restrictions on entrepreneurial activity in the poor Gansu province and rural region. Informal finance which relies on social networks and trust can make up the failure of formal financial development in some sample area. After dividing the sample into differ- ent groups according to the household wealth, we found that only at the bottom of the wealth distribution that a significantly relationship can be found. It means that income distribution could be worsened and social mobility will be lower.
出处
《金融研究》
CSSCI
北大核心
2013年第9期123-135,共13页
Journal of Financial Research
基金
国家自然科学基金青年项目(71103132)
教育部人文社科规划基金项目(12YJA790093)
江苏省高校哲学社会科学研究重点项目的资助(2013ZDIXM016)的资助
关键词
金融约束
家庭创业
城乡差异
CHARLS
Financial constraints, Household entrepreneurship, The differences between urban and rural areas,CHARLS
