Abstract
Background/Purpose: Currently, the majority of Chinese people are hesitant to start a business and they are still in the transition stage from survival-based entrepreneurship to opportunity-based entrepreneurship. Therefore, how to help residents grab entrepreneurship opportunities and improve the quality of entrepreneurship is a key point of China’s current macroeconomic policies. Physical exercise is an essential way to build social and human capital because it helps to foster both individual health and the growth of social networks. This research aimed to investigate the impact of physical exercise practices on family-based entrepreneurial decision-making and outcomes, examine the underlying mechanisms, and propose targeted interventions and recommendations based on empirical findings. Method: This research conducted empirical analysis on individuals between the ages of 18 and 60 and employed the instrumental variable method to overcome potential endogenous problems, on the basis of the three-period panel data of CFPS. Households were grouped according to aspects such as urban and rural areas, genders, and occupations to compare the heterogeneity of the impact of sports participation on entrepreneurial behavior of households from different groups. Results: Physical exercise has been shown to significantly enhance family business income and encourage individuals and families to participate in entrepreneurship. Human capital and social capital performed the intermediary function in the process of physical exercise to affect entrepreneurship and income. Conclusion/Discussion: This research innovatively pointed out the effects of physical exercise on entrepreneurial behavior and entrepreneurship-related business income. To strengthen the validity of this finding, additional varied evidence from future research is required.
Published Version
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