TY - JOUR
T1 - Universities, Entrepreneurial Ecosystem, and Family Business Performance
T2 - Evidence from the United Arab Emirates
AU - Alkaabi, Khaula
AU - Ramadani, Veland
AU - Zeqiri, Jusuf
N1 - Funding Information:
This research was funded by the United Arab Emirates University (UAEU) Research and Sponsored Projects Office—Grant number G00003738.
Funding Information:
The UAE government is constantly investing in the creation of a favorable ecosystem for entrepreneurship and family business development. Among the most popular agencies and initiatives are the following (Ministry of Economy, ; Ministry of Finance, ; The Emirates Development Bank, ): The Khalifa Fund for Enterprise Development (AED 1.32 billion to support businesses); Mohammed Bin Rashid Innovation Fund (a fund of AED 2 billion for supporting innovators); and the Emirates Development Bank (as per 2021, AED 1.8 billion in loans were provided to around 600 companies). Considering that around 80% of the GCC family businesses are in a critical period of transition from first to second, respectively from second to third generation (Alghanim, ), the Vice President and Prime Minister of the UAE, H. H. Sheikh Mohammed bin Rashid Al Maktoum, in August 2022 issued the Family Law No. 9 to regulate the operation and ownership of family businesses, to facilitate the succession process from one to another generation, reunite family members in strong partnerships, and increase their competitive advantages in the local and global market, etc. (Omari, ; Trowers & Hamlins, ).
Publisher Copyright:
© 2023, The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature.
PY - 2023
Y1 - 2023
N2 - Recently, the topic about ecosystems and universities has raised interest among scholars, practitioners, and policymakers. This paper explores the impact of the entrepreneurial ecosystem on family business performance in the United Arab Emirates (UAE) and the moderating effect of universities in these relationships. To find out these relationships, a questionnaire was distributed to 350 family businesses that operate in the UAE, yielding a sample of 321 replies (responding rate of 91.7%). Structural equation modeling with partial least squares analysis (PLS-SEM) was used to evaluate the measurement and the structural model. Findings show that all entrepreneurial ecosystem pillars have a positive impact on the family business performance, while universities do not moderate the relationship between ecosystem and performance. A conceptual model, implications, limitations, and future research avenues are provided as well.
AB - Recently, the topic about ecosystems and universities has raised interest among scholars, practitioners, and policymakers. This paper explores the impact of the entrepreneurial ecosystem on family business performance in the United Arab Emirates (UAE) and the moderating effect of universities in these relationships. To find out these relationships, a questionnaire was distributed to 350 family businesses that operate in the UAE, yielding a sample of 321 replies (responding rate of 91.7%). Structural equation modeling with partial least squares analysis (PLS-SEM) was used to evaluate the measurement and the structural model. Findings show that all entrepreneurial ecosystem pillars have a positive impact on the family business performance, while universities do not moderate the relationship between ecosystem and performance. A conceptual model, implications, limitations, and future research avenues are provided as well.
KW - Cultural factors
KW - Entrepreneurial ecosystem
KW - Family business
KW - Financing
KW - Government
KW - Infrastructure
KW - Social factors
KW - United Arab Emirates (UAE)
KW - Universities
UR - http://www.scopus.com/inward/record.url?scp=85153095915&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85153095915&partnerID=8YFLogxK
U2 - 10.1007/s13132-023-01384-9
DO - 10.1007/s13132-023-01384-9
M3 - Article
AN - SCOPUS:85153095915
SN - 1868-7865
JO - Journal of the Knowledge Economy
JF - Journal of the Knowledge Economy
ER -