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The purpose of this paper is to investigate the role of non-economic factors on the financing decisions of family firms in the Middle East. To contextualize the study, the authors steer away from the traditional capital structure debate toward the choice of financing paradigm: conventional vs Islamic.

This study uses Ajzen’s theory of planned behavior due to its ability to delineate the influence of non-economic motivational factors on the financing decisions of family firms. This study also examines the influence of “familial stewardship (FS),” another non-economic factor which is highly relevant in a collectivistic context. The authors initially use SEM with Amos to analyze 115 surveys of family firm owner-managers. For deeper probing, the authors undertook an additional post hoc qualitative analysis of six case studies using semi-structured interviews.

The findings of this study suggest that owner-managers’ attitude toward Islamic finance plays a primary motivational role in influencing their intentions to use it. More importantly, the findings depict a significant influence of “FS” and subjective norm on the attitudes of owner-managers. This implies that financing decisions which involve religious beliefs are directly influenced by the decision maker’s personal attitude, which, in turn, is significantly influenced by familial and social pressures.

This study fills a gap in the family-firm financing literature by suggesting that when choosing religion-related financial products, attitude plays a far more significant role than other motivational factors. This study also contributes to the “familiness” area of research by empirically demonstrating that FS has a significant influence on owner-managers’ attitude toward financing choices.

The purpose of this paper is to propose a model for entrepreneurial universities (EPUs) that operate in developing countries, as most of the existing research has either focused on the western context or neglected context altogether. The model is intended to identify the EPU’s key success factors while taking into consideration its contextual constraints.

A 60-item survey instrument was designed and distributed across the top 10 QS-ranked universities in Lebanon, and the data were analyzed using structural equation modeling with SmartPLS.

The results of data analysis confirmed the influence of resources and capabilities and knowledge transfer as the two most powerful “university-specific” success factors. Importantly, the relationship between the university-specific factors and innovation was mediated by the presence of a strong entrepreneurial culture, while an entrepreneurship environment was found to be conducive to entrepreneurship outcomes of the EPU.

This paper fills a gap in the literature by suggesting a model for the EPU in developing nations, taking into consideration the various constraints of those nations.