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Parents’ performance in entrepreneurship as a “double-edged sword” for the intergenerational transmission of entrepreneurship

Author

Listed:
  • Giuseppe Criaco

    () (Erasmus University)

  • Philipp Sieger

    () (University of Bern)

  • Karl Wennberg

    () (Linköping University
    Ratio Institute)

  • Francesco Chirico

    () (Jönköping International Business School, Jönköping University
    Tecnológico de Monterrey EGADE Business School)

  • Tommaso Minola

    () (University of Bergamo
    University of Bergamo)

Abstract

Abstract We investigate how perceived parents’ performance in entrepreneurship (PPE) affects the entrepreneurial career intentions of offspring. We argue that while perceived PPE enhances offspring’s perceived entrepreneurial desirability and feasibility because of exposure mechanisms, it inhibits the translation of both desirability and feasibility perceptions into entrepreneurial career intentions due to upward social comparison mechanisms. Thus, perceived PPE acts as a double-edged sword for the intergenerational transmission of entrepreneurship. Our predictions are tested and confirmed on a sample of 21,895 individuals from 33 countries. This study advances the literature on intergenerational transmission of entrepreneurship by providing a foundation for understanding the social psychological conditions necessary for such transmission to occur.

Suggested Citation

  • Giuseppe Criaco & Philipp Sieger & Karl Wennberg & Francesco Chirico & Tommaso Minola, 2017. "Parents’ performance in entrepreneurship as a “double-edged sword” for the intergenerational transmission of entrepreneurship," Small Business Economics, Springer, vol. 49(4), pages 841-864, December.
  • Handle: RePEc:kap:sbusec:v:49:y:2017:i:4:d:10.1007_s11187-017-9854-x
    DOI: 10.1007/s11187-017-9854-x
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    References listed on IDEAS

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    Keywords

    Intergenerational transmission of entrepreneurship; Parents’ performance in entrepreneurship; Entrepreneurial career intention; Social comparison theory; Perceived desirability; Perceived feasibility;

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • J62 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Job, Occupational and Intergenerational Mobility; Promotion

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