Research On The Influence Of Social Capital On Farmers' Technological Entrepreneurship

In transition period,the pressure on resources and the environment caused by import-type economy lead to an urgent requirement for China to develop the endogenous economy which technological entrepreneurship as an dominant factor.As an important part of Chinese economy,Chinese entrepreneurial economy needs farmers actively devote to technological entrepreneurship.In rural areas,push farmers' technological entrepreneurship reform can promote farmers' income,technology application and regional economic development.It also has great practical significance to break through resources and environment constraints,to break down the dual economic structure of urban and rural areas,to promote the transformation and upgrading of agricultural management and to cultivate new agricultural management system.At the same time,it can break the urban and rural dual economic structure and cultivate new type of agricultural management system.Compared to traditional agricultural production and farmers' entrepreneurial behavior,farmers' technological entrepreneurship is much more complicated.Technology,capital,labor,and projects are essential elements of entrepreneurship.Modern-Economic-Theory emphasizes the impact of enterprises' resource and hunting ability on entrepreneurial process,puts forward that resource heterogeneity determines entrepreneurial performance.As for farmers who are lack of material capital and human capital,social capital,which is based on the relationship network,is becoming more and more important.Based on this,this paper introduces the concept of social capital to research farmers' technological entrepreneurship.On the basis of social capital theory,entrepreneurial resource theory,technological finance theory and factor agglomeration theory,this paper incorporates social capital and farmers' technological entrepreneurship willingness,financing capacity and performance into a uniform analysis framework examining the impact of social capital on entrepreneurial willingness,financing ability and performance from three dimensions of social capital,such as structural characteristics,network input and the relationship characteristics,to explore the mechanism of social capital on farmers' technological entrepreneurial behavior.Based on this,this paper makes use of the survey data of National Research Program of Soft Science and Technology,which is a major research project of rural science and technology,and uses the alternative variable method,the quantile regression method and the intermediary effect analysis model.As well as entrepreneurial performance and other angles to test the impact of social capital on entrepreneurial behavior of entrepreneurship,and put forward to promote the sustainable development of farmers' entrepreneurship policy recommendations.Main conclusionsFirstly,farmers' technological entrepreneurial behavior is unique and complex,requiring the support of formal and informal systems.Farmers' technological entrepreneurship is a kind of systematic behavior that combines technology,resources,opportunities and technology entrepreneurs.It has the characteristics of high risk,long investment period,market volatility and news uncertainty,which causes the financial institutions' Hesitation phenomenon.Not only it requires sufficient market space and government to provide necessary policy and financial assistance,but also needs social services sector to provide technology,market information,management consulting and other social services to promote the combination of technology and entrepreneurship,achieving the optimization and upgrading of rural industrial structure.Secondly,social capital multi-dimensions affect farmers' technological entrepreneurial behavior and have a comprehensive effect of technological entrepreneurship.This paper expands the social capital theory to study the farmer's entrepreneurial field,and reveals the influence of different dimensions of social capital on farmers' technological entrepreneurial willingness,financing ability and performance by comparing the social capital's structure,network investment and the difference of relationship dimension.This paper introduces the mediator variable of financing ability in the study of entrepreneurial performance,and discusses the internal mechanism from different dimensions of social capital on the entrepreneurial performance of technological entrepreneurship.Thirdly,social capital has a significant effect on farmers' willingness to engage in technological entrepreneurship through resource acquisition and behavioral constraints.Theoretical research shows that social capital affects farmers' technological entrepreneurial willingness in two ways,which is capital attribute and institutional attribute.Capital attribute can obtain valuable scarce resources through the resource transfer mechanism,so as to improve the farmers' technological entrepreneurial willingness.Institutional attribute can stimulate farmers' technological entrepreneurial enthusiasm through the incentive mechanism,and then improve the probability of success.This paper analyzes the influence of social capital on farmers' technological entrepreneurial willingness based on the empirical method of Ordered Logit Model,quantile regression model and regression model.The results show that: 1.Different dimensions of social capital have a significant impact on farmers' willingness.2.Social capital has a significant positive impact on farmers' technological entrepreneurial willingness at different levels.3.There are significant differences in the social capital of farmers' willingness in different regions,and the impact on the western region is significantly higher than that in the central and eastern regions.Fourthly,the substitution function of social capital can improve the financing ability of farmers,especially the financing ability of informal channels.By using the ordinary least square,quantile regression and sub-regional regression method,this paper examines the effect of social capital on financing capacity.The results show that: 1.Social capital has different influence on farmers' financing ability on which the informal channels are more significant.2.Social capital has different impact on technological entrepreneurial farmers whom have different financing capacity.It is more significant to farmers who have higher normal channel financing capacity,and has a more significant effect on the lower non-formal channel financing capacity.3.There is also a significant difference in the social capital of farmers' financing capacity in different regions,and the impact on the central and eastern regions is significantly higher than that of the western region.Fifthly,take advantage of network resources and relations can significantly improve the performance of farmers' technological entrepreneurship.Political resources and organizational resources can not only improve the financing ability and performance,but also has different effects on performance of different financing ability.By using Ordered Probit Model and Bootstrap test,this paper analyzes the influence of social capital on entrepreneurial performance and the mediating role of financing ability between social capital and entrepreneurial performance.The results show that,from the perspective of structure,social status and the ability of information acquisition significantly affect farmers' technological entrepreneurial performance,while numbers of friends have no obvious impact on entrepreneurial performance.From the perspective of network investment,capital investment has a significant impact on farmers' technological entrepreneurial performance,while the impact of time investment on entrepreneurial performance is not significant.From the perspective of relationship,trust in informal financial institutions and organizations significantly affect entrepreneurial performance.At the same time,it analyzes the mediating effect of financing ability on social capital and entrepreneurial performance through mediation effect analysis.It is found that there are some mediating effects of financing capacity between social capital and entrepreneurial performance.Main innovationsFirstly,based on the social capital theory,this paper studies the behavior of farmers' technological entrepreneurship,enriches the research contents in the field of entrepreneurship and expands the theoretical perspective of farmer entrepreneurship research.Previous studies pay more attention to the impact of social capital on entrepreneurial,it is seldom analyzed from the perspective of social capital.Taking social capital as the breakthrough point,this paper examines possible impact on farmers' technological innovation and expounds the influence mechanism.It will become the inevitable trend in the field of entrepreneurship research and will be integrated into the research of social capital to entrepreneurial farmers.Especially for farmers how to use their social capital to improve the development efficiency and entrepreneurial activities have become the focus of recent research,but the current research about this is rare.Based on national conditions and the special cultural background,this paper integrates the two elements of social capital and farmers' technological entrepreneurship into a theoretical framework to carry out the comprehensive research.Secondly,this paper discusses the mechanism of social capital on farmers' technological entrepreneurial behavior,constructs the model of social capital-financing ability-entrepreneurial perf ormance of technological entrepreneurship farmers.Based on the limitations of previous studies on the relationship between social capital-organizational performances,financing capabilityentrepreneurial perf ormance,this paper puts forward the synergistic model of social capital-f inancing ability-entrepreneurial perf ormance in the chapter of the inf luence of social capital on entrepreneuri al perf ormance with the sample of technological entrepreneurial farmers.Take the social capital as exogenous latent variables,financing capability and entrepreneurial performance as endogenous latent variables,and financing ability is the intermediary variable,to explore the relationship among the three groups of variables by using mediating effect model,formation a comprehensive system of farmers' social capital-f inancing ability-entrepreneurial perf ormance.At the same time,it also supplements and improves the research of social capital theory and entrepreneurship theory.Thirdly,exploring the influence of social capital heterogeneity on farmers' technological entrepreneurial behavior.The regional differences of social capital of technological entrepreneurship farmers are very obvious,and the stock of social capital in different regions is extremely unbalanced.Most of the previous studies are a micro survey of a region or an overall study on the national level of the farmers.In this paper,we make use of the survey data of National Research Program of Research on Rural Technological Entrepreneurship Financial Policy,by using the method of regional difference analysis and quantile regression to explore the influence direction and effect of social capital on farmers' entrepreneurial behavior...