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Family Social Capital, Venture Preparedness, and Start-Up Decisions: A Study of Hispanic Entrepreneurs in New England

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Published
  • E. P. C. Chang
  • E. Memili
  • J. J. Chrisman
  • F. W. Kellermanns
  • J. H. Chua
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<mark>Journal publication date</mark>1/09/2009
<mark>Journal</mark>Family Business Review
Issue number3
Volume22
Number of pages14
Pages (from-to)279-292
Publication StatusPublished
<mark>Original language</mark>English

Abstract

Using insights from the resource-based view, social capital, and network theories, the authors develop a model of how family social capital, as well as an entrepreneur’s knowledge capital and external social capital, influences the venture creation process. The model is tested on a sample of 85 nascent Hispanic entrepreneurs. Results indicate that family social capital, measured as family support, contributes to venture preparedness and the start-up decision, suggesting that it has both a direct and an indirect influence on venture creation.