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

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  • Philipp Sieger
  • Tommaso Minola

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.

Suggested Citation

  • Philipp Sieger & Tommaso Minola, 2017. "The Family's Financial Support as a “Poisoned Gift”: A Family Embeddedness Perspective on Entrepreneurial Intentions," Journal of Small Business Management, Taylor & Francis Journals, vol. 55(S1), pages 179-204, December.
    • Handle: RePEc:taf:ujbmxx:v:55:y:2017:i:s1:p:179-204
    DOI: 10.1111/jsbm.12273
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    Cited by:

    1. Rahman Khan & Jean-Pierre Neveu & Ghulam Murtaza & Kashif Ullah Khan, 2022. "Impact of Psychological Resources on Employee Engagement: The Mediating Role of Positive Affect and Ego-Resilience," SAGE Open, , vol. 12(2), pages 21582440221, May.
    2. Sumi Jha & Vidya Venkatesh, 2023. "Entrepreneurial Satisfaction for Women Micro-entrepreneurs: A Network Perspective," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 13(1), pages 1-17, December.

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