Abstract：Entrepreneurship is an important force for economic development. In the context of“mass innovation and entrepreneurship”，it is of great
significance to clarify the micro-influence mechanism of entrepreneurship to promote entrepreneurship. Based on the 2015 data of China household finance sur?
vey，this paper analyses the relationship between risk appetite，lending participation, and entrepreneurial behavior. The findings are as follows：（1）risk attitude has a significant influence on individual entrepreneurial behavior，but it only plays a role in urban areas.（2）Accessing to loans，lending sources and lending purposes are significant to entrepreneurship：loans for production and operation purposes，no matter from what sources，can significantly increase the possibility of individuals to participate in entrepreneurship，while informal loans for consumption purposes can significantly reduce participation in entrepreneurship.This paper provides empirical support for explaining individual entrepreneurial behaviors，and it also discusses feasible measures to improve individual entrepreneurial participation from the perspective of risk and borrowing.
