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

Author

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  • Athanasios Hadjimanolis
  • Panikkos Poutziouris

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.

Suggested Citation

  • Athanasios Hadjimanolis & Panikkos Poutziouris, 2011. "Family business background, perceptions of barriers, and entrepreneurial intentions in Cyprus," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 3(2), pages 168-182.
    • Handle: RePEc:ids:ijeven:v:3:y:2011:i:2:p:168-182
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    Cited by:

    1. Ljiljana Najev Cacija & Marina Lovrincevic & Ivana Bilic, 2023. "The Role of Demographic Factors and Prior Entrepreneurial Exposure in Shaping the Entrepreneurial Intentions of Young Adults: The Case of Croatia," Sustainability, MDPI, vol. 15(6), pages 1-16, March.

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