主流与非主流金融对家庭创业的影响——基于CHFS项目28 143户家庭的调查数据

针对新形势、新金融背景下创业、创新的新矛盾、新问题,从金融包容理念出发,探讨主流与非主流金融对家庭创业的影响.二值响应模型揭示了农业及工商业是否为创业的诱导要素及其边际作用,多值响应模型则剖析各类诱因对不同创业动机的作用强度和贡献大小.实证分析表明,“没有其他工作选择”“求富”“企业家精神内驱”“追求自由、自在”及其他动因的创业对各类解释变量的响应不同,关键自变量、家庭特征变量与区域特征变量均表现出不一样的回归系数及相对风险比率.研究显示,主流金融对家庭创业具有主导作用和显著贡献;在新金融态势下,互联网金融的崛起使非主流金融在创业中的贡献初步显现,要致力于实现主流与非主流金融对称性互惠共生的良好生态;需要针对不同区域、不同行业、不同创业动机、不同风险偏好的潜在创业者,采取不同的激励机制与支持方案,同时尽量完善各项配套措施.

The impact on household entrepreneurship of mainstream and non-mainstream finance: Based on 28143 households survey data of CHFS project

Under the circumstances of new situation and new finance,new contradictions and problems arise accompanied by innovation and entrepreneurship,which make it necessary to explore the impact on household entrepreneurship of mainstream and non-mainstream finance from the new perspective of financial inclusion.Binary response models reveal inducing factors and their marginal roles to agriculture and business entrepreneurship,whereas multinomial response model gives us a clear picture of incentives of each start-up and main factors affecting each initiative.The empirical analysis shows that,"no other choice","making fortune","entrepreneurship drive","freedom & flexible" and other causes of entrepreneurial responses'' to various explanatory variables are different. Key variables,household characteristics and regional characteristic variables result in different regression coefficients and relative risk ratios. Studies have shown that mainstream finance has a leading role and significant contributions to household entrepreneurship. Under the new financial situation,the rise of Internet finance inducing non-mainstream finance is playing a part in business establishment. Our main goal is to realize coexistence of mainstream and non-mainstream financial systems in mutual-benefit ecological environment. According to different regions,industries,entrepreneurial preferences and incentives,different schemes should be made and the relative supporting measures should be taken.