Beyond economic considerations: The role of socioemotional wealth in family firm foreign exit decisions

被引:0
作者
Pan, Xin [1 ]
Chen, Xuanjin [2 ]
Wang, Hao [3 ]
机构
[1] Southwestern Univ Finance & Econ, Sch Business Adm, Chengdu, Peoples R China
[2] Southwest Jiaotong Univ, Sch Econ & Management, Chengdu, Peoples R China
[3] Univ Amsterdam, Amsterdam Business Sch, Amsterdam, Netherlands
基金
中国国家自然科学基金;
关键词
Foreign exits; Socioemotional wealth; Family firms; International performance; Multinational enterprises; CAREER CHOICE INTENTIONS; INSTITUTIONAL PRESSURES; RISK-TAKING; PERFORMANCE; PERSPECTIVE; OWNERSHIP; ENTRY; BEHAVIOR; REENTRY; INTERNATIONALIZATION;
D O I
10.1016/j.ibusrev.2023.102253
中图分类号
F [经济];
学科分类号
02 ;
摘要
Previous research has delved into both economic and non -economic determinants influencing foreign exits, yet the role of socioemotional wealth (SEW) in this strategic decision of family firms has been underexplored. Our study addresses this oversight by examining three principal dimensions from the FIBER SEW framework: family control (F), binding social ties (B), and the renewal of family bonds (R). We utilise a probit model to analyse data from Chinese listed family multinational corporations spanning 2008 to 2019. Our analysis yields two primary insights. Firstly, the presence of family directors and international experience collectively diminish the probability of foreign exits. Secondly, our findings do not indicate gender differences among successors as influencing foreign exits. Notably, the association between poor performance and foreign exits becomes attenuated with an increase in the number of family directors and their international experience, and in scenarios involving male successors. These insights significantly enrich our theoretical comprehension of how SEW dimensions inform strategic decision -making regarding foreign exits in family enterprises.
引用
收藏
页数:16
相关论文
共 50 条
[41]   The role of socioemotional wealth and entrepreneurial orientation in family-managed hotels [J].
Singal, Manisha ;
Batra, Safal .
JOURNAL OF HOSPITALITY AND TOURISM MANAGEMENT, 2021, 49 :204-213
[42]   Kinship intensity and ESG performance: the role of socioemotional wealth in family businesses [J].
Wu, Haotian ;
Ma, Ying ;
Zhang, Le ;
Wang, Kun .
APPLIED ECONOMICS LETTERS, 2025,
[43]   The relationship between socioemotional and financial wealth Re-visiting family firm decision making [J].
Martin, Geoffrey ;
Gomez-Mejia, Luis .
MANAGEMENT RESEARCH-THE JOURNAL OF THE IBEROAMERICAN ACADEMY OF MANAGEMENT, 2016, 14 (03) :215-233
[44]   Moving Beyond Socioemotional Wealth: Toward a Normative Theory of Decision Making in Family Business [J].
Newbert, Scott ;
Craig, Justin B. .
FAMILY BUSINESS REVIEW, 2017, 30 (04) :339-346
[45]   The Role of Socioemotional Wealth, Social Capital, and Long-Term Orientation in Entrepreneurial Orientation of Family Firms: A Conceptual Framework [J].
Stasa, Michele ;
Kubicek, Ales ;
Rosecka, Nikola ;
Machek, Ondrej .
PROCEEDINGS OF THE 16TH EUROPEAN CONFERENCE ON INNOVATION AND ENTREPRENEURSHIP (ECIE 2021), VOL 2, 2021, :977-984
[46]   CEO's empathy and salience of socioemotional wealth in family SMEs - The moderating role of external directors [J].
Goel, Sanjay ;
Voordeckers, Wim ;
van Gils, Anita ;
van den Heuvel, Jeroen .
ENTREPRENEURSHIP AND REGIONAL DEVELOPMENT, 2013, 25 (3-4) :111-134
[47]   The entrepreneurial orientation-performance relationship in private family firms: the moderating role of socioemotional wealth [J].
Schepers, Jelle ;
Voordeckers, Wim ;
Steijvers, Tensie ;
Laveren, Eddy .
SMALL BUSINESS ECONOMICS, 2014, 43 (01) :39-55
[49]   The role of emotional labor and display latitude in preserving socioemotional wealth in family businesses [J].
Saleem, Ayoosha ;
Barbera, Francesco ;
Jong, Simon B. de ;
Hoffmann, Arvid O. I. .
JOURNAL OF FAMILY BUSINESS STRATEGY, 2024, 15 (03)
[50]   Family firms' innovation: The indirect effects of socioemotional wealth and the role of social capital [J].
Stasa M. ;
Machek O. .
Journal of High Technology Management Research, 2023, 34 (01)