The Family's Financial Support as a “Poisoned Gift”: A Family Embeddedness Perspective on Entrepreneurial Intentions

Abstract

We argue that greater availability of financial support by the family for creating a new venture entails stronger financial and non‐financial obligations. Cognizant of these obligations, potential founders anticipate negative performance implications for the planned firm and threats to the family system in the case of their non‐fulfillment. We thus postulate that the formation of actual entrepreneurial intentions is less likely the greater the available financial support. We confirm this by studying a sample of 23,304 respondents from 19 countries and find the negative relationship to be dependent on family cohesion and on individual entrepreneurial self‐efficacy.

Entrepreneurial education and learning at universities: exploring multilevel contingencies

“…Full description of the GUESSS project is available at the website www.guesssurvey.org. Some works based on the GUESSS project have already been published in entrepreneurship journals: see for example Sieger and Monsen (2015), Sieger and Minola (2016), Zellweger, Sieger, and Halter (2011). 3.…”

Students climbing the entrepreneurial ladder: Does university internationalization pay off?

“…While most studies on university entrepreneurship focus on single levels of analysis (e.g., individual or country level), our multilevel approach uses both individual-and university-level factors to explain students' entrepreneurial progress (Morris et al 2016). In addition, studying the progression along the entrepreneurial ladder represents a step ahead in student entrepreneurship research, which is mostly focused on either entrepreneurship intention or nascent entrepreneurship phenomena (Sieger and Minola 2016); rather than predicting a specific stage of the entrepreneurial process, or the transition between two stages, our focus has been on whether internationalization promotes the climbing toward any upper stage on the ladder. This serves to a broader and deeper understanding of how universities spur entrepreneurship.…”

“…Hence, our analysis is based on a large sample generated in the GUESSS project in 2011. GUESSS data have recently been used to study students' entrepreneurial cognition (e.g., Zellweger et al 2011;Bergmann 2015;Sieger and Minola 2016 Students climbing the entrepreneurial ladder million students across 498 Universities, yielding 93,265 responses (response rate estimated as 6.3 %, 3 an acceptable value comparing to other GUESSS data collection waves and a number of e-mail student surveys, cf. Morris et al 2016).…”

“…To advance a more holistic understanding of the entrepreneurial university that encompasses many and simultaneous outcomes beyond faculty and academic spin-off (Urbano and Guerrero 2013), we follow the recent suggestions from entrepreneurship literature and focus on students entrepreneurship (Bergmann et al 2016). This phenomenon is gaining prominence (Å stebro et al 2012;Sieger and Minola 2016) because of its practical relevance and diffusion. Additionally, it is relevant from a conceptual point of view, as it represents a unique and contextualized form of entrepreneurship (Morrfis et al 2016;Zahra et al 2014), with its distinctive cognitive processes, norms, dynamics and resources.…”

Corporate Venturing in Family Business: A Developmental Approach of the Enterprising Family

“…Parents behave for the benefit of their children and prepare them for subsequent family stages (Rodgers and White, ). As a result, at this stage, parents are eager to preserve business resources and not to invest them in high‐risk initiatives such as CV (Chaulk et al , ; Sieger and Minola, forthcoming).…”