自主创业家庭的混合融资行为研究  

An Empirical study on Blend Financing Behavior of Household Entrepreneurship

作　　者：陈岩[1] 崔婧[1] 

机构地区：[1]北京联合大学管理学院,北京100101

出　　处：《西安电子科技大学学报（社会科学版）》2016年第5期43-51,共9页Journal of Xidian University：Social Science Edition

基　　金：北京市社会科学基金资助项目"北京市新蓝领负债消费行为研究"(15JGB056)

摘　　要："混合融资"是指自主创业的家庭将获得的消费信贷用于生产经营的行为,这实际上是自主创业家庭对从外部获取的金融资源进行的一次"再分配",可以视为一种"曲线融资"策略。本文采用西南财经大学中国家庭金融调查(CHFS)数据,验证了中国的自主创业家庭的确存在"混合融资"现象,导致这一现象的具体原因尚无法验证。尽管在存在融资约束的条件下,"混合融资"有其存在的合理性,但是不容忽视的是,"混合融资"有诸多弊端,隐藏着较大风险。要从根本上解决创业家庭面临的融资约束,还是要大力发展以小微金融为代表的普惠金融,针对创业家庭的特点和需求,创新对贷款用途没有明确限制的小额贷款产品。＂Blend financing＂, also called ＂curve financing＂, refers to the behavior of self-employed family allocating obtained consumer credit into production and operation. This paper uses ＂China Household Finance Survey＂（CHFS） data comes from Southwestern University Of Finance And Economics to prove that there do exist ＂blend financing＂ in China＇s self-employed families, but the reason remains unknown. Though under financing constraints, ＂blend financing＂ is somewhat reasonable, it also has many non-negligible drawbacks and hidden risks. The fundamental solution to financing constraints is to develop the Inclusive Finance represented by micro-finance energetically. Meanwhile, on the basis of self-employed family＇s characteristics and needs, small loan products without clear limits on loan purpose should be innovated.

关 键 词：消费信贷 家庭创业 混合融资 融资约束 普惠金融 

分 类 号：F83[经济管理—金融学]