Family support as social exchange in entrepreneurship: Its moderating impact on entrepreneurial stressors-well-being relationships

Current studies suggest mixed effects concerning the impact of the family system on entrepreneurial outcomes. Through the integration of the family embeddedness theory and social exchange theory, we further investigate the potential benefits and costs of family support as a social exchange process between entrepreneurs and their family members. We propose that perceived family support can differentially shape well-being across different entrepreneurial contexts (financial and workload stressors) depending on the nature of the exchange relationship (economic vs. social), thereby dual effects are anticipated from time-based and temporal processes. After analyzing the data gathered from 61 entrepreneurs over 14 days, we found evidence that high levels of family support attenuate the relationships between the financial stressor and the well-being indicators but amplify the relationships between the workload stressor and the well-being indicators. These results demonstrate family support process models are central to between-person heterogeneity. The theoretical and practical implications are discussed.