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The impact of financial resilience on farmers’ entrepreneurial decision-making

Year: 2025

Type: article

Abstract: In the context of high-quality development of inclusive finance, the farmer entrepreneurship is important for rural economic development. This paper bases on the survey data, establishes a framework for evaluating financial resilience through three dimensions and examines the influence of financial resilience on farmers’ entrepreneurial decision-making. Results show that financial resilience can significantly improve farmers’ entrepreneurial decision-making, increase risk-taking capacity and social capital as mechanisms, and the risk-taking mediation effect is greater. Heterogeneity analysis reveals that gender can make a difference in entrepreneurial decisions. Moreover, the effect is more pronounced in male decision-makers. In order to increase women’s economic independence, women’s entrepreneurial enthusiasm should be enhanced. The study offers new insights for enhancing entrepreneurial activity in rural areas and provides a fresh perspective on supporting women’s development.

Source: Humanities and Social Sciences Communications

DOI: 10.1057/s41599-025-05895-5

Authors: Di Wang, Mingliang Li, Rong Kong, Yan Hong

Institution: Northwest A&F University

Language: English

Topic: Agricultural risk and resilience

Subfield: Soil Science

Field: Agricultural and Biological Sciences

Domain: Life Sciences

SDGs: Decent work and economic growth, No poverty, Gender equality, Zero hunger, Reduced inequalities

Open Access status: gold

Estimated APC paid: $1,890