Financial Self-Efficacy in Family Business Environments

Jasna Auer Antoncic, Drasko Veselinovic, Bostjan Antoncic, Dalma Lorena Grbec and Zhaoyang Li
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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

Journal of Enterprising Culture (JEC), 2021, vol. 29, issue 03, 207-219

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.

Keywords: Financial self-efficacy; family business; environment; entrepreneurship (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1142/S021849582150014X

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