Financial self-efficacy in family business environments

Auer Antončič, Jasna (author), Veselinovič, Draško (author), Antončič, Boštjan (author), Grbec, Dalma Lorena (author), Li, Zhaoyang (author)

Entrepreneurial self-efficacy can have positive effects on entrepreneurship, company start-ups, and business growth. The family business environment has not yet been studied in relation to financial-self efficacy, a dimension of entrepreneurial self-efficacy. In order to address this research gap, this paper focuses on financial self-efficacy and how it relates to its antecedent - the family business environment. This study contributes to a better understanding of how financial self-efficacy has developed in the family business environment by building and checking a normative model. A hypothesis about family business environment experience and the financial self-efficacy relationship was developed and empirically tested using survey data from two countries. The findings of this research reveal the family business environment can make a difference in financial self-efficacy in certain economic contexts.

• Language: English
• Keywords: entrepreneurship, leadership, family business, risk, risk management, financial self-efficacy, environment
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: EF - School of Economics and Business
• Publication status: Published
• Publication version: Author Accepted Manuscript
• Year: 2021
• Number of pages: Str. 207-219
• Numbering: Vol. 29, iss. 3
• PID: 20.500.12556/RUL-130159
• UDC: 658
• ISSN on article: 0218-4958
• DOI: 10.1142/S021849582150014X
• COBISS.SI-ID: 74885635
• Publication date in RUL: 10.09.2021

Record is a part of a journal

• Title: Journal of enterprising culture
• Shortened title: J. enterp. cult.
• Publisher: World Scientific, Nanyang Technological University, School of Accountancy and Business
• ISSN: 0218-4958
• COBISS.SI-ID: 1667282

Secondary language

• Language: Slovenian
• Keywords: podjetništvo, vodenje, družinsko podjetje, tveganje, obvladovanje tveganj

Projects

• Funder: ARRS - Slovenian Research Agency
• Funding programme: Raziskovalni program
• Project number: P5-0117
• Name: Trajnostna konkurenčnost slovenskega gospodarstva v evropskem in globalnem okviru

• Funder: Other - Other funder or multiple funders
• Funding programme: American Slovenian Education Foundation (ASEF Scholarship Grant)