Advances in Economics, Management and Political Sciences
- The Open Access Proceedings Series for Conferences
Proceedings of the 7th International Conference on Economic Management and Green Development
Series Vol. 33 , 10 November 2023
Open
Access | Article
Game Analysis of Digital Inclusive Financial Platform and Family Entrepreneurial Choice
* Author to whom correspondence should be addressed.
Abstract
The difficulty and cost of financing for family entrepreneurship are becoming increasingly prominent, and the issue of how to alleviate the financing constraints of family entrepreneurship has attracted widespread social attention. The financial services provided by digital inclusive finance platforms are beneficial in addressing the negative impact of financing constraints on households' entrepreneurial behaviour. They can contribute to the inclusive growth of China's economy. Thus the financial policies of digital inclusive finance platforms influence households' entrepreneurial choices. This paper constructs a dynamic game model of incomplete information between the platform and families based on the game perspective of micro subjects and explains the impact of the decision of the digital inclusive finance platform on households' choice of entrepreneurship by solving the equilibrium solution in the game tree, and explores the effects of factors such as the government subsidy system, costs and benefits, and the risk of platform loans on the decision-making behaviour of households and the platform by analysing the conditions required for the decision-making subjects to change their decisions in each sub-game. This essay explores the impact of government subsidies, costs, benefits, and the risk of lending to the platform on the decision-making behaviour of households so that the digital inclusive finance platform and families choose the "no support" and "no business" decisions. According to the dynamic game analysis, the government and the digital inclusive finance platform should increase subsidies to the platform, reduce the cost of household entrepreneurship and improve the guarantee system for household entrepreneurship; the digital inclusive finance platform should make use of digital information technology to enhance the platform construction, alleviate information asymmetry, reduce the cost of platform services, actively support household entrepreneurship and promote the increase of household entrepreneurship.
Keywords
family entrepreneurship, digital inclusion, financing constraints, incomplete information, dynamic games
References
1. In the first half of 2022, the scale of China's search engine users reached 821 million, accounting for 78.2% of the overall Internet users (Figure) - China Business Intelligence Network. (n.d.). In the first half of 2022, the scale of China's search engine users reached 821 million, accounting for 78.2% of the overall Internet users (Figure) - China Competition Information website.https://www.askci.com/news/chanye/20221118/1005352026917.shtml
2. David S. Evans, Boyan Jovanovic.Journal | [J] Journal of Political Economy. Volume 97 , Issue 4 . 1989. PP 808-827
3. Balaban Mladenka;Župljanin Slobodan;Ivanovia journal.Journal | [J] Economic Analysis. Volume 49, Issue 1/2 . 2016. pp 48-58
4. Zhang Bing,Sheng Yanghong. A study on the impact of digital finance on household entrepreneurship [J]. Finance and Economics,2021,No.522(01):40-47+71.DOI:10.19622/j.cnki.cn36-1005/f.2021.01.005.
5. Sun Jiguo,Hu Jinyan,Yang Lu. Can the development of inclusive finance promote innovation in SMEs? --An empirical test based on a double difference model[J]. Research on Finance and Economics,2020,No.443(10):47-54.DOI:10.19654/j.cnki.cjwtyj.2020.10.006.
6. Xie, Gorgeous, Shen, Yan, Zhang, Haoxing et al. Can digital finance promote entrepreneurship? --Evidence from China[J]. Economics (Quarterly),2018,17(04):1557-1580.DOI:10.13821/j.cnki.ceq.2018.03.12.
7. Zhang LY, Yang J, Zhang HN. Financial development, household entrepreneurship and urban and rural residents' income - an empirical analysis based on micro perspective[J]. China Rural Economy,2013,No.343(07):47-57+84
8. Liu Jianshen, He Xiaobin, Lv Shumin. Mobility experience, social trust and Internet financing of county enterprises--an empirical analysis of data from a national survey of county enterprises[J]. Journal of Northwest Agriculture and Forestry University of Science and Technology (Social Science Edition),2021,21(01):133-144.DOI:10.13968/j.cnki.1009-9107.2021.01.15.
9. Li QH, Hou MAM. Self-efficacy and financial planning of urban residents in China--based on micro data of urban households in China[J]. Jianghan Academic,2019,38(01):15-24.DOI:10.16388/j.cnki.cn42-1843/c.2019.01.002.
10. Li JJ, Peng YC, Ma SC. Financial inclusion and China's economic development:A multidimensional connotation and empirical analysis[J]. Economic Research,2020,55(04):37-52.
11. Yin Zichao, Wu Yu, Gan Li. Financial accessibility, financial market participation and household asset choice[J]. Economic Research,2015,50(03):87-99.
12. Li Jianjun, Li Juncheng. Financial Inclusion and Entrepreneurship: "Teach people to fish" or "Teach people to fish"? [J]. Financial Studies,2020,No.475(01):69-87.
Data Availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Authors who publish this series agree to the following terms:
1. Authors retain copyright and grant the series right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this series.
2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the series's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this series.
3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See Open Access Instruction).
- Volume Title
- Proceedings of the 7th International Conference on Economic Management and Green Development
- ISBN (Print)
- 978-1-83558-087-5
- ISBN (Online)
- 978-1-83558-088-2
- Published Date
- 10 November 2023
- Series
- Advances in Economics, Management and Political Sciences
- ISSN (Print)
- 2754-1169
- ISSN (Online)
- 2754-1177
- DOI
- 10.54254/2754-1169/33/20231623
- Copyright
- 10 November 2023
- Open Access
- This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited