The dual driving mechanism of financial literacy and risky financial assets on household entrepreneurial decision-making

Pingfen Liu, Peifeng Cai and Jing Wang

Finance Research Letters, 2025, vol. 72, issue C

Abstract: This paper selects survey data from the China Household Finance Survey and Research Center (CHFS) in 2017, 2019, and 2021 as samples to explore the entrepreneurial decision-making mechanism jointly driven by financial literacy and risky financial assets. The study finds that financial literacy has a significant positive impact on individual households' entrepreneurial decisions. Additionally, risky financial assets partially mediate the relationship between financial literacy and individual households' entrepreneurial decisions.

Keywords: Financial risk; Risky financial assets; Entrepreneurial decision-making (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:72:y:2025:i:c:s154461232401540x

DOI: 10.1016/j.frl.2024.106511

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