Entrepreneurial Parents, Children Too? A Latin-American Vision from the Entrepreneurial University

Societies that are more oriented on being traditional, as in Latin America, emphasize the institution of family; hence, family businesses may be supported by laws, regulations, services, and education and training. Therefore, in these kinds of developing countries, family is the first school, where values and norms shape the practices that are shaped (Verbeke et al., A values-based analysis of bifurcation bias and its impact on family firm internationalization. Asia Pacific Journal of Management, 1–29, 2019). Evidence shows that parents can become role models for the youngest (Lee et al., Entrepreneurship education and founding passion: The moderating role of entrepreneurial family background. Frontiers in Psychology,12(743672), 2021). Undergraduates with family business traditions are more inclined to choose the entrepreneurial route (Cieślik & van Stel, Explaining university students’ career path intentions from their current entrepreneurial exposure. Journal of Small Business and Enterprise Development, 24(2), 313–332, 2017). Notwithstanding controversial results concerning parents as role models’ influence when dealing with the entrepreneurial career option (Abd El Basset et al., Reducing barriers to female entrepreneurship in Oman: Does family matter? Journal of Enterprising Communities: People and Places in the Global Economy, 2022). Few studies have been done in Latin America, especially in countries such as Mexico and Peru. These countries have higher entrepreneurial capacity (Bosma & Kelley, Global Entrepreneurship Monitor [GEM] 2018/2019 Global Report. GEM Global Entrepreneurship Monitor. https://www.gemconsortium.org/file/open , 2019; GEM, Global Entrepreneurship Monitor 2022/2023 Global Report: Adapting to a “New Normal”. GEM, 2023). In Mexico, higher education institutions are working to foster entrepreneurship in the community, and other higher education institutions are trying to build more robust entrepreneurial ecosystems in their institutions. Peru is among the first four countries with the most significant entrepreneurial activity within the group of efficiency-based economies (Bosma & Kelley, Global Entrepreneurship Monitor [GEM] 2018/2019 Global Report. GEM Global Entrepreneurship Monitor. https://www.gemconsortium.org/file/open , 2019); the country has been advised about the relevance of entrepreneurial education necessary in the educational system to help reduce the level of the business survival indicator (GEM, Global Entrepreneurship Monitor 2017/18. GEM, 2018). Therefore, understanding the perspective of students from different entrepreneurial university ecosystems becomes important.