金融素养、家庭财富与家庭创业决策

本文利用2015年中国家庭金融调查(CHFS)数据,分析了金融素养、家庭财富与家庭创业决策三者之间的关系。整体上,金融素养的提高显著增加了家庭参与创业的可能性,但家庭参与创业面临着"财富约束效应";而金融素养对家庭财富具有替代作用,提高金融素养有效缓解了家庭的"财富约束效应",促进家庭参与创业。同时,研究发现家庭财富对家庭创业决策的影响并不存在明显的城乡差异,但金融素养更能缓解农村家庭创业所面临的"财富约束效应"。另外,提高金融素养能有效缓解家庭的信贷约束,增加其风险偏好,间接地促进创业。

Financial Literacy,Family Wealth and Family Entrepreneurial Decision-Making

This article uses the 2015 China Household Finance Survey(CHFS)data to analyze the relationship between financial literacy,household wealth and household entrepreneurial decision-making.On the whole,the im?provement of financial literacy has significantly increased the possibility of families participating in entrepreneur?ship,but family participation in entrepreneurship is facing a"wealth restraint effect".Financial literacy has a sub?stitute effect on family wealth,and improving financial literacy has effectively alleviated the family's"wealth re?straint effect"and can promote family participation in entrepreneurship.At the same time,the study finds that there is no obvious urban-rural difference in the influence of family wealth on family entrepreneurial decision-making,but financial literacy can better alleviate the"wealth constraint effect"faced by rural families in entrepreneurship.In addition,improving financial literacy can effectively alleviate family credit constraints,increase their risk appe?tite,and indirectly promote entrepreneurship.