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Financial Self-Efficacy in Family Business Environments

Author

Listed:
  • Jasna Auer Antoncic

    (Faculty of Management, University of Primorska, Koper, Slovenia)

  • Drasko Veselinovic

    (Slovenian Business & Research Association (SBRA), Brussels, Belgium)

  • Bostjan Antoncic

    (School of Economics and Business, University of Ljubljana, Ljubljana, Slovenia)

  • Dalma Lorena Grbec

    (University of CEMA, Buenos Aires, Argentina)

  • Zhaoyang Li

    (Shanghai University of International Business and Economics, Shanghai, P. R. China)

Abstract

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.

Suggested Citation

  • Jasna Auer Antoncic & Drasko Veselinovic & Bostjan Antoncic & Dalma Lorena Grbec & Zhaoyang Li, 2021. "Financial Self-Efficacy in Family Business Environments," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 29(03), pages 207-219, September.
    • Handle: RePEc:wsi:jecxxx:v:29:y:2021:i:03:n:s021849582150014x
    DOI: 10.1142/S021849582150014X
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