| Entrepreneurship has become an important means of returning migrant workers to get rich, and the financing is difficult to restrict the return of migrant workers to start the biggest dilemma. Migrant workers returning home with kinship, marriage and human exchanges established social network on the return of migrant workers entrepreneurship financing behavior, is now very worthy of attention, and how the role of social capital in financing behavior of returning migrant workers start their own business, on the rural financial development has important significance.Based on 486 parts by survey data, from the perspective of social capital to examine the factors that influence our behavior migrant workers venture capital financing, the use of the ordered Probit model to Stata tool for the analysis, individual characteristics, family characteristics and social capital endowments three aspects of the return of migrant workers venture financing behavior factors empirical research. Survey results show that the majority of migrant workers return home entrepreneurs rely on personal savings and private lending, financing channels narrow, only a small number of migrant workers return home entrepreneurs can obtain a valid credit from formal financial institutions, has seriously hampered the migrant workers return home business and the development of rural finance industry. From the empirical results, personal characteristics, family and social capital endowments of migrant workers entrepreneurial behavior have a significant financial impact, the home business entrepreneurs than male migrant workers higher participation of women migrant workers, the level of education high, the easier access to effective financing. Family endowments, migrant workers home business marital status, number of family labor, and the impact of family income on venture capital financing behavior of migrant workers is significantly positive. The relationship between social capital and political capital, venture capital financing relationships influence the behavior of the return of migrant workers is significantly positive, it shows that social capital plays an important role in the country’s rural financial market. |
