Financial Self-Efficacy in Family Business Environments

Antončič, Jasna Auer; Veselinovič, Draško; Antončić, Boštjan; GRBEC, DALMA LORENA; Li, Zhaoyang

doi:10.1142/s021849582150014x

Cited by 8 publications

(11 citation statements)

References 31 publications

(42 reference statements)

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“…Entrepreneurship is closely related to social and economic factors, and family is one of the main factors influencing university students to start their own entrepreneurship project ( Antoncic et al, 2021 ). Therefore, it would be very interesting to include these additional variables in future research to examine their effect on entrepreneurial behavior as marketing self-efficacy ( Antoncic et al, 2016 ).…”

Section: Limitations and Future Researchmentioning

confidence: 99%

The role of individual variables as antecedents of entrepreneurship processes: Emotional intelligence and self-efficacy

2022

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Currently, entrepreneurship is a priority for economic, social, and technological growth. Therefore, the interest in understanding entrepreneurship processes has increased significantly. Individual variables play a fundamental role, and academic research has pointed out the influence of emotional intelligence in entrepreneurial processes; however, its relationship with other interpersonal processes and individual variables, such as personality and self-efficacy, has not been extensively studied. The aim of this research was to analyze the relationship among emotional intelligence, self-efficacy, and entrepreneurial intention, controlling for the effects of personality, gender, and age. Multiple hierarchical regression analyses were applied through a questionnaire survey of 1,593 college students to test the relationship between the constructs in the model. The results show that the personality traits are associated with entrepreneurial self-efficacy, emotional intelligence positively influences entrepreneurial intention, and self-efficacy mediates the relationship between emotional intelligence and entrepreneurial intention. Practical implications for training programs are examined, and future lines of research were discussed.

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Section: Limitations and Future Researchmentioning

confidence: 99%

The role of individual variables as antecedents of entrepreneurship processes: Emotional intelligence and self-efficacy

2022

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“…In light of the entrepreneurial event model, entrepreneurial self-efficacy is a prerequisite for entrepreneurial intention and behavior ( Esfandiar et al, 2019 ; Cai et al, 2020b ; Antoncic et al, 2021 ; Rakib et al, 2022 ). The entrepreneurial event model posits that perceptions of feasibility are directly influenced by self-efficacy.…”

Section: Hypothesismentioning

confidence: 99%

“…Based on social cognitive theory, Pfitzner-Eden (2016) indicates that individuals form beliefs about self-efficacy by interpreting information about their capabilities ( Bandura, 1997 ). Similarly, entrepreneurial self-efficacy, a belief that individuals can effectively complete entrepreneurial activities and achieve success ( Antoncic et al, 2015 , 2021 ; Hsu et al, 2019 ; Edwards et al, 2022 ), may be affected by their capabilities, such as improvisation. The entrepreneurial event model posits that entrepreneurial intention stems from the feasibility of entrepreneurship, the perception of feasible future states related to starting a business successfully, which is influenced directly by entrepreneurial self-efficacy ( Esfandiar et al, 2019 ; Cai et al, 2020b ; Antoncic et al, 2021 ; Rakib et al, 2022 ).…”

Section: Introductionmentioning

confidence: 99%

“…Similarly, entrepreneurial self-efficacy, a belief that individuals can effectively complete entrepreneurial activities and achieve success ( Antoncic et al, 2015 , 2021 ; Hsu et al, 2019 ; Edwards et al, 2022 ), may be affected by their capabilities, such as improvisation. The entrepreneurial event model posits that entrepreneurial intention stems from the feasibility of entrepreneurship, the perception of feasible future states related to starting a business successfully, which is influenced directly by entrepreneurial self-efficacy ( Esfandiar et al, 2019 ; Cai et al, 2020b ; Antoncic et al, 2021 ; Rakib et al, 2022 ). It can be seen that improvisation affects entrepreneurial intention through the bridge of entrepreneurial self-efficacy.…”

Section: Introductionmentioning

confidence: 99%

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Improvisation and university students’ entrepreneurial intention in China: The roles of entrepreneurial self-efficacy and entrepreneurial policy support

Guo

Yin²,

Lv³

2022

Front. Psychol.

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In the VUCA era, determining how to deal with environmental uncertainty has become one of the core issues. Research shows that improvisation is an effective way to deal with rapid changes and to obtain unexpected opportunities in a complex and changeable environment. Improvisation, as a needed capability in the entrepreneurial process, can also provide key strategies to effectively deal with emergencies. Although previous studies have explored the outcomes of improvisation in the entrepreneurial field, this paper aims to investigate in depth whether and how improvisation affects entrepreneurial intention in China. A moderated mediation model was constructed and tested using data from 251 Chinese university students to explore the influence mechanism of improvisation on entrepreneurial intention by combining social cognitive theory and the entrepreneurial event model. The results of this empirical analysis found that improvisation has a positive effect on entrepreneurial intention and entrepreneurial self-efficacy. Entrepreneurial self-efficacy plays a fully mediating role in the relationship between improvisation and entrepreneurial intention. Moreover, entrepreneurial policy support has been found to significantly moderate the mediated relationship between improvisation and entrepreneurial intention by entrepreneurial self-efficacy. The findings suggest that individuals should cultivate improvisation capabilities and entrepreneurial self-efficacy to enhance their entrepreneurial intention. They also need to pay attention to the dynamics of entrepreneurial policies in China. This study contributes to the extant literature by providing deeper insight into the relationship between improvisation and entrepreneurial intention and also has important practical implications for promoting entrepreneurial intention formation in contexts with environmental uncertainty like China.

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“…Entrepreneurship is closely related to capital, connections, and economic factors, and family is one of the main factors influencing undergraduate students' willingness to start their own business, with parents' occupation and capital accumulation affecting the degree of family support for financial self-efficacy, hence stimulate operation of entrepreneurship (Antoncic et al, 2021). Dyer and Handler (1994) believed that the choice of entrepreneurship is more related to their family's professional background, with students whose parents have experience in entrepreneurship or are entrepreneurs being more likely to have entrepreneurial intentions and to start a business.…”

Section: Family Factorsmentioning

confidence: 99%

Who is more likely to start a business? Analysis of the factors influencing undergraduates’ entrepreneurial intentions

Wang

Yuan

2022

Front. Psychol.

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Entrepreneurial intention is an important condition for promoting substantive entrepreneurial behavior, which in turn alleviates employment pressure and promotes sustainable economic and social development. Based on national survey data of university students, descriptive statistical analysis of variables and binary logistic regression analysis were used to empirically analyze the factors influencing university students’ entrepreneurial intentions in five aspects, including innate endowment, acquired characteristics, entrepreneurship courses, and entrepreneurial practice, and social support. The regression results showed that both the factors of innate endowment and acquired characteristics passed the significance test. The entrepreneurship course factor had a significant impact on entrepreneurial intention, with the mean value of the number of entrepreneurship courses hitting 1.80, which is much lower than the other subdivision factors, indicating that there is a greater demand for entrepreneurship courses offered by university students, while the actual situation is less than satisfactory. The entrepreneurial practice factor is also an important factor, with an overall mean of 3 or more, and has a significant impact on entrepreneurial intentions, but in comparison, the factor of having an off-campus practice base for entrepreneurial practice has the lowest mean score, which shows that there is some room for improvement in the construction of off-campus practice bases. The social support factor significantly influences the willingness to start a business, and the mean score for each factor is above the medium level. By understanding which students are more willing to start a business and which factors are more likely to influence their willingness to start a business, we can further consider what kind of entrepreneurial skills and entrepreneurship education can lead to high-quality entrepreneurship and employment.

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Financial Self-Efficacy in Family Business Environments

Cited by 8 publications

References 31 publications

The role of individual variables as antecedents of entrepreneurship processes: Emotional intelligence and self-efficacy

The role of individual variables as antecedents of entrepreneurship processes: Emotional intelligence and self-efficacy

Improvisation and university students’ entrepreneurial intention in China: The roles of entrepreneurial self-efficacy and entrepreneurial policy support

Who is more likely to start a business? Analysis of the factors influencing undergraduates’ entrepreneurial intentions

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