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Family Business Review
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Family Social Capital, Venture Preparedness, and Start-Up Decisions

A Study of Hispanic Entrepreneurs in New England

Erick P. C. Chang

Arkansas State University

Esra Memili

Mississippi State University

James J. Chrisman

Mississippi State University and University of Alberta

Franz W. Kellermanns

Mississippi State University and WHU (Otto Beisheim School of Management)

Jess H. Chua

University of Calgary

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.

Key Words: family business • Hispanic entrepreneurs • new venture creation

This version was published on September 1, 2009

Family Business Review, Vol. 22, No. 3, 279-292 (2009)
DOI: 10.1177/0894486509332327


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