![]() ![]() In both developed and developing countries, family businesses represent the main form of entrepreneurship, with a major contribution to growth and job creation. This interest does not translate into a guarantee for the creation of new businesses, nor for their success over a longer period of time, since in Romania about a third of start-ups fail to reach the second year of activity. Thus, EU-wide statistics show a higher interest in Romania in creating businesses compared to other countries, given that 29% of adults intend to start a business in the next three years, compared to the European average of only 13.56%. Although, nowadays, young people are more interested in becoming entrepreneurs than the previous generations were, this is not a reference for starting a new business. According to European Union representatives, choosing an entrepreneurial career is a way to increase the integration of young people into the labor market and reduce the risk of social exclusion. It can also solve social problems, allow technological advancement and increase competitiveness and innovation. It is well known that entrepreneurship can contribute to economic development. The study is useful for the decision-makers who can create national strategies in order to stimulate families to develop their own businesses. There are several studies on family businesses in Romania, but there is no research analyzing the impact of closeness to family on the intention to develop an intergenerational family business. Individuals who are closer to their families are not interested in developing independent businesses. There is also a direct correlation between the financial support received from family and the intention to have partnerships with family members. Thus, closeness to family members has a direct and positive impact on both the financial support expected from the family and the intention to form intergenerational family businesses. All the hypotheses were validated, according to the final results. ![]() We focused on four variables: the closeness to family members, the financial support expected from family, the independence of individuals regarding the intention to start their own business and the intention to form partnerships with family members. The survey was applied to 950 individuals from Romania. PLS-SEM was used to analyze the data issued from 200 valid questionnaires. The main objective of the research is to analyze the factors which influence the intention to start an intergenerational family business in a developing economy, highlighting the measures that can be implemented by decision-makers to stimulate these initiatives. ![]()
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