The impact of inter-generational support on entrepreneurial decisions - an empirical study based on CFPS data

Abstract

Along with the high quality development of economy, innovation and entrepreneurship are increasingly valued. Family inter-generational support is one of the reasons affecting entrepreneurial decisions. Based on the CFPS individual-level database in 2020, this paper classifies inter-generational support into economic inter-generational support and non-economic inter-generational support to investigate the impact of family inter-generational support on entrepreneurial decision making, and uses propensity score matching methods to test the regression results. The study concluded that among the inter-generational support, economic inter-generational support has a significant positive impact on entrepreneurial decision , and the higher the amount of inter-generational support, the higher the degree of impact on entrepreneurial decision. Non-financial inter-generational support from fathers and mothers did not have a significant effect on entrepreneurial decision making.