PurposeThis paper sets out to present a detailed empirical investigation of the entrepreneurial intentions of business students. The authors employ the theory of planned behaviour (TPB), in which intentions are regarded as resulting from attitudes, perceived behavioural control, and subjective norms.Design/methodology/approachThe methodology used was a replication study among samples of undergraduate students of business administration at four different universities (total n=1,225). Five operationalisations of intentions are used as well as a composite measure. Prior to the main study, qualitative research conducted at two other universities (total n=373) was held to operationalise the components of the TPB.FindingsThe results show that the two most important variables to explain entrepreneurial intentions are entrepreneurial alertness and the importance attached to financial security.Research limitations/implicationsVarious research design features are used that result in better and more detailed explanations of entrepreneurial intentions.Practical implicationsShould one want to stimulate entrepreneurship in educational or training settings, then this paper's results provide guidance. Several suggestions are offered on how entrepreneurial alertness can be improved and financial security concerns can be reduced.Originality/valueThe study provides detailed and solid results on entrepreneurial intentions which are positioned in the career literature.
This paper offers a review of the theoretical and empirical literature addressing boards of directors within the unique organizational setting of family businesses. By reviewing and structuring past research, this paper aims to improve the understanding of how family involvement in firms affects the roles and behaviours of boards. The review of the literature is structured according to the family business board's two primary tasks as an internal administrative body, namely the exercise of control and the provision of advice. For both board tasks, theoretical perspectives and the match between theory and empirical findings will be discussed. The review concludes by offering an integrative discussion of the relevant theories and by highlighting the need for multi-theoretic, process and contextualized approaches in future research on boards of directors in family businesses.
This study investigates differences in the diversity of cooperation partners used for innovation‐related activities (i.e., search breadth) between family and nonfamily small and medium‐sized enterprises (SMEs), as well as within the group of family SMEs. The results generally confirm our hypotheses derived from the behavioral theory of the firm. Specifically, we show that family SMEs have a lower search breadth than their nonfamily counterparts. Our findings further illustrate how attributes of the CEO (level of education) and the top management team (nonfamily management involvement and educational background diversity) relate to the search breadth of family SMEs.
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