Abstract
We examine the impact of financial literacy on the propensity for entrepreneurship among rural–urban migrants, using panel data from the 2013 and 2015 China Household Finance Survey. While migration's positive influence on entrepreneurship is well-recognised, we document novel evidence suggesting that higher levels of financial literacy among rural–urban migrants have an additional positive effect. Among the mechanisms through which financial literacy facilitates the transition of disadvantaged rural–urban migrants into entrepreneurs, social capital emerges as the most important, consistent with the findings of the literature on underdog entrepreneurship.
Original language | English |
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Article number | 114302 |
Pages (from-to) | 1-12 |
Number of pages | 12 |
Journal | Journal of Business Research |
Volume | 175 |
Early online date | 2024 |
DOIs | |
Publication status | Published - Mar 2024 |
Bibliographical note
© 2023 The Authors. Published by Elsevier Inc. Version archived for private and non-commercial use with the permission of the author/s and according to publisher conditions. For further rights please contact the publisher.Keywords
- Rural–urban migrant
- Financial literacy
- Entrepreneurship
- Underdog entrepreneurship