Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335265 
Year of Publication: 
2020
Citation: 
[Journal:] Entrepreneurial Business and Economics Review (EBER) [ISSN:] 2353-8821 [Volume:] 8 [Issue:] 3 [Year:] 2020 [Pages:] 135-154
Publisher: 
Krakow University of Economics, Centre for Strategic and International Entrepreneurship, Krakow
Abstract: 
Objective: The objective of the article is to examine what attributes are assigned to family firms by consumers familiar and not familiar with family business in the context of trust-building and purchase intention. Research Design & Methods: A nationwide quantitative survey on a statistically representative random-cluster sample of 1 091 consumers was conducted in 2018, based on the fundamentals of pre-survey qualitative research. Findings: This study proves a low level of consumers’ familiarity with family firms and indicates attributes assigned to family firms by two segments of buyers. The findings show for which segments the concept of endorsed identity could be influential in the purchasing process, and for which might it be a subordinate stimulus when compared to consumers’ trust. Implications & Recommendations: Although a family firm’s origin can serve as a cue to purchase, there is a challenge in educating the audience regarding the low level of consumers’ knowledge of family businesses. A legal construct provided in this study may reinforce trust towards family firms accompanied with purchase. Contribution & Value Added: This study is based on a representative large sample of consumers, additionally divided into two portrayed segments. It proposes a process of how a family business identity may be endorsed. The proposed legal construct is a novelty in the market and has not been investigated in other scientific research.
Subjects: 
family business
consumers
trust
purchase
endorsed identity
JEL: 
D12
D22
O34
Persistent Identifier of the first edition: 
Creative Commons License: 
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Document Type: 
Article

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