Impact Analysis Of Social Credit On The Mass Entrepreneurship

The 21st century is the era of entrepreneurship.At present,China's entrepreneurship was unprecedented attention.In recent years,the Chinese government in the face of unstable international economic situation and the domestic economy downward pressure,the government put forward the slogan of "mass entrepreneurship,peoples innovation",continuously push out a variety of preferential policies to encourage entrepreneurship,continue to actively promote the development of the mass entrepreneurship,to promote further development of the modern market economy in China.Entrepreneurship is the engine of modern market economy,and the modern market economy is a kind of relationship with complex credit based on economy,the social credit is the foundation of modern market economy,therefore,further study of impact of social credit to the mass entrepreneurship is of great significance.First of all,this paper generalizes the existing literature research,has been clear about the research thought and framework of this article.Secondly,the paper expound the related theory about the social credit and entrepreneurship activity,at the same time the paper discuss the influence mechanism of the social credit to the mass entrepreneurship.Thirdly,on the basis of the index selection and data measurement,this paper argues that the social credit is from three aspects of enterprise,government and personal credit constitute the comprehensive index,the mass entrepreneurship based on the entrepreneurial motivation is divided into self-employed entrepreneurship and opportunity entrepreneurship,and then the paper analyze the current situation of social credit and mass entrepreneurship.Fourthly,on the basis of existing theoretical basis,the paper use the 2007-2013 panel data of China's 30 provinces based on the dynamic panel econometric model,the system GMM method is used to empirical analyze the influence of the social credit and the different aspects to the two types of mass entrepreneurship activity.Conclusions are as follows:(1)Social credit has a promoting effect on the development of the mass entrepreneurship;(2)From the perspective of the different aspects of the social credit,enterprise credit has positive effect on opportunity entrepreneurship,government credit has a positive effect on mass entrepreneurship,personal credit has negative effect on mass entrepreneurship;(3)The entrepreneurial tendency of people in the higher human capital area is weak,the combination of social credit and human capital did not effectively promote the development of mass entrepreneurship at yet,and the combination of human capital and personal credit is beneficial to promote the development of mass entrepreneurship.Finally,surrounding to strengthen the construction of social credit,this paper put forward the policy recommendations to promote the development of mass entrepreneurship.