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Are family and nonfamily tourism businesses different? An examination of the entrepreneurial self-efficacy–entrepreneurial performance relationship

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dc.contributor.author Assaker, Guy
dc.contributor.author Hallak, Rob
dc.contributor.author O'Connor, Peter
dc.date.accessioned 2016-05-09T07:23:14Z
dc.date.available 2016-05-09T07:23:14Z
dc.date.copyright 2014 en_US
dc.identifier.issn 1096-3480 en_US
dc.identifier.uri http://hdl.handle.net/10725/3722
dc.description.abstract Drawing on literature on tourism, entrepreneurship, and family businesses, this research uses a structural model to examine the relationship between entrepreneurial self-efficacy (ESE) and enterprise performance. Based on samples of family-owned (N = 158) and nonfamily-owned (N = 143) small- and medium-sized tourism enterprise owners in regional South Australia, confirmatory factor analysis, structural equation modeling, and multigroup invariance tests were used to validate the proposed structural model where ESE is the exogenous variable and performance is the endogenous variable. The study also examined if the causal model was invariant (equivalent) between family and nonfamily entrepreneurs to identify key differences between these two groups. Results support the validity of the models, with tourism business owners’ ESE having a significant positive effect on enterprise performance. The results of the multigroup invariance tests also indicated that the measurement models, structural model, and residual structure were equal across family and nonfamily business owners. Although previous studies have suggested differences between family- and nonfamily-owned businesses with regard to pattern of ownership, governance, management and succession, business structure, goals, and strategies, this study found that the “entrepreneurial self-efficacy” of business owners (regardless of whether or not the business is family owned) is an important predictor of business performance. The findings suggest that destination managers and policy makers need to support the ESE of local tourism business owners if they wish to enhance performance within the industry and the destination. en_US
dc.language.iso en en_US
dc.title Are family and nonfamily tourism businesses different? An examination of the entrepreneurial self-efficacy–entrepreneurial performance relationship en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.idnumber 199635060 en_US
dc.author.department Department of Hospitality Management and Marketing (HMKT) en_US
dc.description.embargo N/A en_US
dc.relation.journal Journal of Hospitality & Tourism Research en_US
dc.journal.volume 38 en_US
dc.journal.issue 3
dc.article.pages 388-413
dc.keywords Family business en_US
dc.keywords Small and medium tourism enterprises en_US
dc.keywords SMTEs en_US
dc.keywords Entrepreneurial self-efficacy en_US
dc.keywords Business performance en_US
dc.keywords Structural equation modeling en_US
dc.keywords Multigroup invariance en_US
dc.identifier.doi http://dx.doi.org/10.1177/1096348012461545 en_US
dc.identifier.ctation Hallak, R., Assaker, G., & O’Connor, P. (2014). Are family and nonfamily tourism businesses different? An examination of the entrepreneurial self-efficacy–entrepreneurial performance relationship. Journal of Hospitality & Tourism Research, 38(3), 388-413. en_US
dc.author.email guy.assaker@lau.edu.lb
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url http://journals.sagepub.com/doi/abs/10.1177/1096348012461545 en_US


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