Family Involvement in the Firm, Family‐to‐Business Support, and Entrepreneurial Outcomes: An Exploration*

Gary N. Powell and Kimberly A. Eddleston

Journal of Small Business Management, 2017, vol. 55, issue 4, 614-631

Abstract: Results of a survey of 211 founders of small and medium‐sized enterprises (SMEs) indicated that family involvement in the firm was indirectly related to four entrepreneurial outcomes (business performance, strategic planning, satisfaction with business success, and commitment to remain self‐employed) through family‐to‐business support, suggesting a particular benefit of the intertwining of family and business in family firms. SME founders who owned family firms experienced higher levels of family‐to‐business support than those who owned nonfamily firms. These results support our proposed alignment of the social support perspective of well‐being and resiliency with the family embeddedness perspective of the family‐business relationship.

Date: 2017
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DOI: 10.1111/jsbm.12252

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