Entrepreneurial mindset and family business performance: the United Arab Emirates perspectives
Journal of Enterprising Communities: People and Places in the Global Economy
ISSN: 1750-6204
Article publication date: 29 December 2023
Issue publication date: 28 May 2024
Abstract
Purpose
This study aims to investigate the impact of entrepreneurial mindsets on the performance of family businesses in the United Arab Emirates (UAE). This study focused on the following entrepreneurial mindset factors: alertness to opportunity, ambiguity tolerance, dispositional optimism and risk-taking propensity.
Design/methodology/approach
A partial least squares structural equation modeling was used to evaluate the proposed research model. The gathered data consisted of 321 family businesses that operate in the UAE.
Findings
Findings showed that only two of the entrepreneurial mindset factors had a significant and positive impact on the firm’s performance, namely, alertness to opportunity and dispositional optimism.
Originality/value
This paper covers a research gap by reflecting the effect of the entrepreneurial mindset in an unstudied context, such as the UAE. To the best of the authors’ knowledge, this is the only study that measures the effect of the dimensions of the entrepreneurial mindset on the performance of family businesses in the UAE, and as such, it represents an additional value to the literature in this field.
Keywords
Acknowledgements
The authors express gratitude to the United Arab Emirates University, and the participating research assistant students for their support. This project was funded by the United Arab Emirates University’s Research and Sponsored Projects Office (UPAR Grant # G00003738, 2021).
Funding: This research was funded by the United Arab Emirates University (UAEU) Research and Sponsored Projects Office – Grant number G00003738.
Conflict of interest: All authors declared no conflict of interest.
Citation
Ramadani, V., Alkaabi, K.A. and Zeqiri, J. (2024), "Entrepreneurial mindset and family business performance: the United Arab Emirates perspectives", Journal of Enterprising Communities: People and Places in the Global Economy, Vol. 18 No. 3, pp. 682-700. https://doi.org/10.1108/JEC-08-2023-0153
Publisher
:Emerald Publishing Limited
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