Impact of business education of owners and financial support on investment in socially responsible ventures

Amarjit Gill, Harvinder S. Mand and Neil Mathur

International Journal of Behavioural Accounting and Finance, 2024, vol. 7, issue 2, 135-152

Abstract: This study tested the impact of business education of owners (BE_OWNERS) and foreign family members' financial support (FFM_FS) on investment in socially responsible ventures (INVEST_SRVs). Our survey research collected data from family business owners in India. As baseline methods, we used ordinary least square (OLS) and ordered logistic regressions to test hypotheses and two-stage least square regressions to reduce endogeneity issues. Our survey analysis shows that family business owners' education increases FFM_FS and INVEST_SRVs. FFM_FS, in turn, increases internal financing sources (IFS) and INVEST_SRVs. Foreign family members' financial support and IFS moderate the relationship between BE_OWNERS and INVEST_SRVs. The empirical survey analysis of this study contributes to the literature on the impact of BE_OWNERS and FFM_FS on INVEST_SRVs. Academia may find our research data analysis beneficial to develop further studies on the effects of BE_OWNERS and FFM_FS on investment in socially responsible ventures.

Keywords: business education of owners; foreign family members' financial support; investment in socially responsible ventures; India. (search for similar items in EconPapers)
Date: 2024
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