Birtch, Thomas A., Au, Kevin Yuk-fai, Chiang, Flora F.T., and Hofman, Peter S. (2018) How perceived risk and return interacts with familism to influence individuals’ investment strategies: The case of capital seeking and capital providing behavior in new venture financing. Asia Pacific Journal of Management, 35 (2). pp. 471-500.

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Abstract

Drawing on social capital and agency theories and using a multi-study research design, this study examined how perceived risk and return interacts with familism to influence individuals’ investment strategies in new venture financing, both capital seeking and capital providing behavior. We found that individuals high in familism are more likely to seek capital from and provide capital to family members than non-family members for new ventures. However, such relationships are more complex than prior research suggests because when individuals’ risk and return perceptions are included these interact with familism to differentially influence capital financing behavior directed at family versus non-family members. Contributions to theory and potential avenues for future research are discussed.

Item ID:	75984
Item Type:	Article (Research - C1)
ISSN:	1572-9958
Keywords:	Familism, New venture financing, Informal investment, Social capital theory, Agency theory, Entrepreneurship, Family business
Copyright Information:	© Springer Science+Business Media New York 2017
Date Deposited:	16 Sep 2022 02:20
FoR Codes:	35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350208 Investment and risk management @ 30% 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350704 Entrepreneurship @ 30% 35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3507 Strategy, management and organisational behaviour > 350701 Corporate governance @ 40%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1503 Management and productivity > 150302 Management @ 60% 15 ECONOMIC FRAMEWORK > 1505 Microeconomics > 150599 Microeconomics not elsewhere classified @ 40%
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