| "Innovation and entrepreneurship" is one of the important development strategies proposed by the country in recent years,and it is also an important means related to the "stable and positive" development of the national economy.Premier Li Keqiang proposed to gradually realize a new development strategy model for large-scale entrepreneurship and innovation,based on the basic development conditions of my country today...To some extent,digital inclusive finance and innovation and entrepreneurship are also the main supporters of my country’s current financial development.However,long-term entrepreneurial activity,high capital requirements,and financial constraints are major difficulties for families.Entrepreneurship.Chinese households generally have credit constraints that limit their entrepreneurial activity and economic development.Research on family entrepreneurial decision-making from the perspective of credit constraints,and further research on the relationship between credit constraints and digital inclusive finance and family entrepreneurship enhances research in the field of microfamily entrepreneurship.,Significance of achieving a certain theoretical expansion.Based on the 71,951 sample data of the China Household Finance Survey(CHFS)in 2013,2015 and 2017 as the research object,this paper uses the Probit model to analyze the impact of digital financial inclusion on household entrepreneurship,and examines that digital financial inclusion eases credit constraints and affects households For the transmission mechanism and effect of entrepreneurship,the results were tested for robustness by three methods: instrumental variable method,model replacement method and variable replacement method.Finally,heterogeneity analysis was carried out from two aspects of urban and rural areas and regions.The research results show that digital financial inclusion can promote household entrepreneurship and alleviate credit constraints,credit constraints will reduce household entrepreneurship,and credit constraints have a significant partial mediation effect in the impact of digital financial inclusion on household entrepreneurship.There is great heterogeneity among different regions.From the perspective of urban and rural areas,credit constraints have no mediating effect in the sample of urban households,but have a significant mediating effect in the sample of rural households.From a regional perspective,credit constraints have a mediating effect in the household samples from the northeastern and western regions,with the western region having the strongest effect,followed by the northeastern region;however,there is no mediating effect in the eastern and central household samples.This is because the eastern and central regions are economically developed,and families need more sources of capital for entrepreneurship,and the demand for credit is low,while the northeastern and western regions are relatively backward in economy,and the source of funds for family entrepreneurship is mainly through credit.Under the new economic development pattern of "double circulation between domestic and international",domestic demand is a new driving force for sustainable economic growth.This article presents suggestions from both government and financial institutions.Governments can formulate financial support policies in every way,increase subsidies to financial institutions,continue to promote and develop the continued progress and development of financial markets,and combine development.A model of digital finance to some extent.We will maximize the inclusiveness of digital finance in the process of radical reforms such as continuing to grow our financial markets,maintaining network security,and strengthening digital financial supervision.Financial institutions increase the popularity of digital financial inclusion,increase family entrepreneurship,ease credit constraints,rejuvenate entrepreneurs,support family entrepreneurship in many ways,and support digital inclusion.You can fully fulfill your role.It funds family entrepreneurial activities and eases family credit constraints in the early and late stages of entrepreneurship. |
