The relationship between credit constraints and household entrepreneurship in China

被引：27

作者：

Cai, Dongliang ^{[1
]}

Song, Quanyun ^{[1
]}

Ma, Shuang ^{[2
]}

Dong, Yang ^{[3
]}

Xu, Qiuhua ^{[1
]}

机构：

[1] Southwestern Univ Finance & Econ, Sch Finance, Chengdu 611130, Sichuan, Peoples R China

[2] Guangzhou Univ, Sch Econ & Stat, Guangzhou 510006, Guangdong, Peoples R China

[3] Ind & Commercial Bank China, Sichuan Branch, Chengdu 610074, Sichuan, Peoples R China

来源：

INTERNATIONAL REVIEW OF ECONOMICS & FINANCE | 2018年 / 58卷

关键词：

Credit constraint; Entrepreneurship; Household finance; LIQUIDITY CONSTRAINTS; WEALTH; MODEL;

D O I：

10.1016/j.iref.2018.03.024

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper evaluates the impact of credit constraint on entrepreneurship by utilizing 2011 China Household Finance and Survey micro-data. We measure household credit constraint directly and use the LPM model to estimate the impact of credit constraint on entrepreneurship. We employ predetermined credit constraint, quasi-experiment, and instrumental variable to eliminate the possible endogeneity problem. Empirical estimates show that credit constraint significantly de creases the probabilities of households to start businesses by around 3 percentage points in general. Further analysis shows that credit constraint significantly decreases the propensity of households to entry into enterprise operation, while it has no significant impact on small handicraft operation.

引用

页码：246 / 258

页数：13

共 50 条

[21] Personality Traits and Household Entrepreneurship: Evidence from China
Zhou, Huan
Ji, Ying
[J]. EMERGING MARKETS FINANCE AND TRADE, 2024, 60 (05) : 921 - 934
[22] Entrepreneurship and household portfolio choice: Evidence from the China Household Finance Survey
Li, Rui
Wang, Tianyu
Zhou, Mingshan
[J]. JOURNAL OF EMPIRICAL FINANCE, 2021, 60 : 1 - 15
[23] The Impact of Curbing Housing Speculation on Household Entrepreneurship in China
Sun, Yongzhi
Ma, Qiong
Gan, Li
[J]. SUSTAINABILITY, 2024, 16 (05)
[24] FARM HOUSEHOLD ACCESS TO CREDIT MARKETS UNDER THE HOUSEHOLD RESPONSIBILITY SYSTEM IN CHINA
WEST, LA
[J]. AMERICAN JOURNAL OF AGRICULTURAL ECONOMICS, 1990, 72 (05) : 1348 - 1348
[25] Relationship between grassland protection and sustaining household livelihoods in Tibet, China
Wang Quanzhen
Bian Ba Zhuo Ma
Cui Jian
Hu Tianming
Xu Yuefei
Xie Guoping
Miao Yanjun
[J]. AFRICAN JOURNAL OF AGRICULTURAL RESEARCH, 2011, 6 (06): : 1538 - 1543
[26] The role of market imperfections in the relationship between housing prices and household credit: Evidence from Taiwan
Wei, An-Pin
Huang, Wei-Ling
Yang, Chih-Yuan
Chen, Ming-Chi
[J]. ASIAN-PACIFIC ECONOMIC LITERATURE, 2013, 27 (02) : 131 - 143
[27] The Granger Causality Relationship Between Household Consumption and GDP of Vietnam and China
Do Minh Kien
Zhang Rui
[J]. PROCEEDINGS OF INTERNATIONAL SYMPOSIUM - MANAGEMENT, INNOVATION & DEVELOPMENT (MID2014), 2014, : 315 - 323
[28] Determinants of credit constraints for agricultural wholesalers in China
Hu, Lifang
Lopez, Rigoberto A.
Zeng, Yinchu
[J]. INTERNATIONAL FOOD AND AGRIBUSINESS MANAGEMENT REVIEW, 2020, 23 (04): : 563 - 577
[29] On the relationship between inequality and entrepreneurship
Packard, Mark D.
Bylund, Per L.
[J]. STRATEGIC ENTREPRENEURSHIP JOURNAL, 2018, 12 (01) : 3 - 22
[30] Credit constraints and household welfare in the Eastern Cape Province, South Africa
Baiyegunhi, L. J. S.
Fraser, G. C. G.
Darroch, M. A. G.
[J]. AFRICAN JOURNAL OF AGRICULTURAL RESEARCH, 2010, 5 (16): : 2243 - 2252

← 1 2 3 4 5 →