Research On The Impact Of Parent's Political Capital On Children's Entrepreneurial Decision Making

Recently with fluctuating international economic situation and entering of China economy into 'New Normal'stage,encouraging entrepreneurship becomes a stimulus strategy for many countries.On the one hand to develop economy,on the other hand to improve employment opportunities.In 2016 Government Work Report,it proposes the slogan of ' Mass Entrepreneurship and Innovation'.The influencing factors of entrepreneurial decision-making have also become research hotspots in Management Study.These influencing factors include start-up funding,personal knowledge,experience insufficiency and low degree of social recognition.The intergenerational transmission between parents and younger generation imposes restrictions on entrepreneurship.Especially under the big social environment that entrepreneurship is strongly encouraged by central government,whether parents with certain political capitals will affect the entrepreneurial decision-making of their younger generation?Weather parents' political capitals will affect the credibility of their younger generation through intergenerational transmission,thus affecting their entrepreneurial decision-making?Weather the influence of parents' political capitals on theirchildren' entrepreneurial decision-making is for rent-seeking motivation?At present,most researches on entrepreneurial decision-making and intergenerational transmission of political capital focus on the influence of personal elements on entrepreneurial decision-making and the intergenerational transmission of parents' political capitals on younger generations' careers and incomes.Few research integrates these two problems into consideration together.This paper adopts the data analysis of CGSS in 2012,2013 and 2015(2015 is the latest data)and examines the influence of parents' political capitals on younger generations'entrepreneurial decision-making.Three samples including the whole sample,father sample and mother sample are discussed upon the influence of parents' political position on their children's decision-making.Instrumental variables of permanent resident populations,religious beliefs and etc are possible to resolve some endogenous problems and improve reliability of the empirical results.In light of the influence of parents' political capitals on individual entrepreneurial decision-making,this paper employs Logical Model to analyze parents' political capitals on individual entrepreneurial decision-making.Three-Step Mediated Regression Method is used there to research the relationship between credibility,parents' political capitals and younger generations' entrepreneurial decision-making.It is indicated that parents' political capitals indeed have influence on individual entrepreneurial decision-making and in the bigger cities,the influence is greater;parents' political capitals have mediation function on the credibility of younger generations' entrepreneurial decision-making;the influence of parents' political capitals on individual entrepreneurial decision-making is a form of intergenerational rent-seeking.