Research On The Impact Of Digital Financial Inclusion On Family Entrepreneurship

As a source of vitality for social activities,entrepreneurship is conducive to the integration of resources and the promotion of China’s economic growth.Especially for rural areas,entrepreneurial activities provide a new way for rural families to survive and finish the disparity between the rich family and the poor,which is a significant means to solve the "three rural issues".Therefore,it is very important to study household entrepreneurship and its influencing factors.in recent years,the development of Digital financial inclusion has deeply integrated emerging financial services with traditional finance,and spread it to groups excluded from traditional credit.It not only reduces the financing threshold and start-up cost of entrepreneurs,but also supplements the lack of knowledge of family residents in financial related fields,and improves residents’ financial literacy and entrepreneurial talents.Increase that success probability of family entrepreneurship.Therefore,more and more scholars concern the influence of Digital financial inclusion on family entrepreneurship,but few scholars deeply discuss the role of Digital financial inclusion in family entrepreneurship from the perspective of financial literacy,combined with factors such as the level of regional rule of law and the source of residents’ housing loans.In this thesis,Peking University Digital financial inclusion Index is used to match the county-level data in the 2017 China Household Finance Survey Data(CHFS)compiled by Southwestern University of Finance and Economics for empirical analysis to explore the influence of Digital financial inclusion on family entrepreneurship.It is found that Digital financial inclusion significantly promotes the probability of family entrepreneurship.After the robustness test of replacing explanatory variables,explanatory variables and empirical models,the conclusion is still valid.And select the spherical distance from the location to Hangzhou and the regional fluctuation as tool variables to solve the endogenous problem.Secondly,taking financial literacy and formal credit constraints as intermediary mechanisms,Discuss the influence mechanism of Digital financial inclusion on entrepreneurship.The results show that the development of digital finance makes individuals who are separated from the edge of traditional finance have the opportunity to enrich financial knowledge,enjoy financial services,enhance the ability of individual investment and financing,and increase the probability of family entrepreneurship.On the other hand,Digital financial inclusion reduces the financing threshold and information asymmetry,expands information sources,So as to provide credit support for borrowers who lack mortgages and guarantees and improve their availability of credit.On this basis,it explores whether the influence of Digital financial inclusion on family entrepreneurship has long tail effect,education gap effect and heterogeneity analysis of different types of entrepreneurship.It is found that the promoting effect is in rural families,active entrepreneurial families,and the educational background of heads of households is more significant in primary,middle and high school families.Finally,It is found that for families with high level of rule of law,high family social capital and bank housing loans,the role of Digital financial inclusion in promoting family entrepreneurship is more obvious.The research of this thesis theoretically complements the analysis of the intermediary mechanism of Digital financial inclusion on family entrepreneurship,and deeply discusses the meaning of the level of rule of law,family social capital and family housing loan sources on them,expanding and extending the related research on family entrepreneurship.In reality,we can have a more comprehensive and profound understanding of entrepreneurship,It is helpful to put forward more targeted development suggestions and formulate a more perfect entrepreneurial service system.In addition,this paper has certain practical significance in stimulating family entrepreneurship,especially in rural areas,reducing the gap between the rich and the poor in rural areas and solving the "three rural issues".