Family business background, perceptions of barriers, and entrepreneurial intentions in Cyprus

Hadjimanolis, Athanasios and Poutziouris, Panikkos (2011) Family business background, perceptions of barriers, and entrepreneurial intentions in Cyprus. International Journal of Entrepreneurial Venturing, 3 (2). pp. 168-182. ISSN 1742-5360

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Official URL: http://dx.doi.org/10.1504/IJEV.2011.039339

Abstract

This paper investigates the influence of family business background, contextual barriers, and socio-demographic variables on career decisions, such as starting a new business or joining the family firm. A survey of 167 respondents was used embracing the two main communities of Cyprus, Greek and Turkish Cypriots. There is a low, but statistically significant, correlation between a family business background and the intention to start a new business. Entrepreneurial education is not correlated, while entrepreneurial self-efficacy has a positive correlation with the intention to start a new business. Factor analysis of perceived barriers to entrepreneurship identified six major underlying factors and correlated factor scores with the decision to start a new business or join the family business. Factor scores were not found to be significantly correlated with these decisions. Gender and entrepreneurial self-efficacy are not correlated with the decision to join the family business.


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