This article examines the impact of bank competition on household entrepreneurship using a probit model based on data from the China Household Finance Survey(CHFS)for the three periods of 2015,2017,and 2019,as well as the Financial License Information Database provided by the China Banking and Insurance Regulatory Com-mission.It is found that bank competition can effectively increase the probability of household entrepreneurship,with each 1-unit increase in the bank competition index increasing the probability of household entrepreneurship by 0.126 percentage points.The study of the mechanism path finds that bank competition can promote household entrepre-neurship both by alleviating financial constraints and by improving residents'financial literacy.The results of heterogeneity analysis show that bank competition promotes survival entrepreneurship less than opportunity entrepreneurship,promotes low-tech entrepreneurship,and has no significant effect on high-tech entrepreneurship.Finally,when bank regulation is strengthened,bank competition is more conducive to increasing the probability of household entrepreneurship.
Bank competitionHousehold entrepreneurialFinancial constraintsFinancial literacy
万方数据
维普
