What Drives Entrepreneurship in Digital Economy? Evidence from China

Zhichao Yin, Xue Gong, Peiyao Guo and Tao Wu

Economic Modelling, 2019, vol. 82, issue C, 66-73

Abstract: Using data collected in the 2017 China Household Finance Survey (CHFS), we study the impact of mobile payment on the likelihood of household entrepreneurship. In the empirical analysis, we use two-stage least squares (2SLS) regression to address the endogeneity of mobile payment. The study finds that mobile payment significantly increases the likelihood of household entrepreneurship. The mechanism could be that the mobile payment: 1) makes users more risk seeking; 2) enriches social networks; 3) provides an additional lending channel.

Keywords: Mobile payment; Entrepreneurship; Risk attitude; Social network; Lending (search for similar items in EconPapers)
JEL-codes: D10 D90 L19 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (70)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:82:y:2019:i:c:p:66-73

DOI: 10.1016/j.econmod.2019.09.026

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