Budding Entrepreneurs: The Effects of Parental Role Models

Abstract

This paper addresses the effects of parental role models on the strategic actions of entrepreneurial firms. Based on the Theory of Planned Behavior, and Social Learning Theory, this paper explores the following three variables as mediators to the relationship 1) attitude toward business ownership, 2) perceived family support, and 3) entrepreneurial self-efficacy. By addressing strategic actions at the firm-level, this study has the ability to influence vital entrepreneurial tasks such as growth and profitability.