Disentangling the drivers of family firms internationalization through the lens of socioemotional wealth

被引:17
作者
Lohe, Fynn-Willem [1 ,2 ]
Calabro, Andrea [3 ]
Torchia, Mariateresa [4 ]
机构
[1] European Foundry Assoc, CAEF, Dusseldorf, Germany
[2] Univ Witten Herdecke, Witten Inst Family Business, Alfred Herrhausen Str 50, D-58448 Witten, Germany
[3] IPAG Business Sch, IPAG Entrepreneurship & Family Business Ctr, 4 Bd Carabacel, F-06000 Nice, France
[4] Int Univ Monaco, INSEEC U Res Ctr, 14,Rue Hubert Clerissi, MC-98000 Monte Carlo, Monaco
关键词
Family firms; Internationalization; Case study; Push and pull factors; Risk-taking; Socioemotional wealth;
D O I
10.1007/s10843-021-00284-w
中图分类号
F [经济];
学科分类号
02 ;
摘要
By conducting a case study on eight large family firms, the aim of this article is to identify push and pull factors motivating family firms to internationalize and how they relate to decision-makers' risk taking. We identified different types of internationalizing family firms. While some are pushed towards international markets by competition and put at risk the stock of affect-related value that the family has invested in the firm (socioemotional wealth), others face a "mixed gamble" of push and pull factors especially when they are led by non-family managers.
引用
收藏
页码:479 / 509
页数:31
相关论文
共 109 条
[1]   IF WE CAN'T HAVE IT, THEN NO ONE SHOULD: SHUTTING DOWN VERSUS SELLING IN FAMILY BUSINESS PORTFOLIOS [J].
Akhter, Naveed ;
Sieger, Philipp ;
Chirico, Francesco .
STRATEGIC ENTREPRENEURSHIP JOURNAL, 2016, 10 (04) :371-394
[2]   MODES OF FOREIGN ENTRY - A TRANSACTION COST-ANALYSIS AND PROPOSITIONS [J].
ANDERSON, E ;
GATIGNON, H .
JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 1986, 17 (03) :1-26
[3]  
Arregle J-L, 2016, ENTREP THEOR PRACT
[4]   The development of organizational social capital: Attributes of family firms [J].
Arregle, Jean-Luc ;
Hitt, Michael A. ;
Sirmon, David G. ;
Very, Philippe .
JOURNAL OF MANAGEMENT STUDIES, 2007, 44 (01) :73-95
[5]   A missing link in family firms' internationalization research: Family structures [J].
Arregle, Jean-Luc ;
Hitt, Michael A. ;
Mari, Isabelle .
JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2019, 50 (05) :809-825
[6]   Internationalization of Family-Controlled Firms: A Study of the Effects of External Involvement in Governance [J].
Arregle, Jean-Luc ;
Naldi, Lucia ;
Nordqvist, Mattias ;
Hitt, Michael A. .
ENTREPRENEURSHIP THEORY AND PRACTICE, 2012, 36 (06) :1115-1143
[7]   SOCIAL IDENTITY THEORY AND THE ORGANIZATION [J].
ASHFORTH, BE ;
MAEL, F .
ACADEMY OF MANAGEMENT REVIEW, 1989, 14 (01) :20-39
[8]   Home-region focus and performance of family firms: The role of family vs non-family leaders [J].
Banalieva, Elitsa R. ;
Eddleston, Kimberly A. .
JOURNAL OF INTERNATIONAL BUSINESS STUDIES, 2011, 42 (08) :1060-1072
[9]   The impact of family involvement on the investments of Italian small-medium enterprises in psychically distant countries [J].
Baronchelli, Gianpaolo ;
Bettinelli, Cristina ;
Del Bosco, Barbara ;
Loane, Sharon .
INTERNATIONAL BUSINESS REVIEW, 2016, 25 (04) :960-970
[10]  
Bauweraerts J., 2013, International Business Research, V6, P91, DOI DOI 10.5539/IBR.V6N8P91