Exploring the antecedents of franchise internationalization

Kretinin, Andrey; Anokhin, Sergey; Wincent, Joakim

doi:10.1016/j.jbusres.2019.11.011

Cited by 14 publications

(10 citation statements)

References 66 publications

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“…Board size, measured as the number of directors serving on the BOD, is incorporated as the fourth measure. In general, larger boards should be beneficial to internationalization because they can bring in more resources and connections to the firm (Kretinin et al , 2020). The fifth measure is average board tenure, calculated as the average tenure (in years) of all board members (Goergen et al , 2015).…”

Section: Resultsmentioning

confidence: 99%

“…However, research on the application of the similarity-attraction and social categorization theories, notably with regards to the nexus between the chair and CEO, on firm internationalization is conspicuously absent. Concomitantly, existing literature on internationalization primarily relies on theories such as agency theory (Kretinin et al , 2020; Chen et al , 2016), resource dependence theory (Kretinin et al , 2020; Chen et al , 2016), upper echelons theory (Xu et al , 2019; Li, 2018), resource-based view (Dou et al , 2019; Bjørnåli and Aspelund, 2012) and socioemotional wealth theory (Xu et al , 2020; Dou et al , 2019). This study further proposes that demographic dissimilarities between the chair and CEO can serve as a predictor of firms pursuing internationalization.…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

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Chair–CEO demographic dissimilarities and firm internationalization

Chow

2022

RIBS

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Purpose The purpose of this paper is to investigate the relationship between chair–chief executive officer (CEO) demographic dissimilarities and firm internationalization. Design/methodology/approach The pooled ordinary least squares regression is used on a sample of listed firms in Malaysia from 2013 to 2017. This study considers three demographic dissimilarities between the chair and CEO, i.e. differences in age, educational background and nationality. Findings The results reveal that demographic dissimilarities between the chair and CEO, notably differences in nationality, may result in conflicting cognitive styles, which in turn may impede the firms’ ability to expand internationally, as compared to differences in age and educational background. The findings demonstrate the deleterious effects of demographic dissimilarity between these two individuals in the highest echelons on the firms’ internationalization strategy due to poor communication and lack of ability to cooperate when dissatisfaction and conflicts intensify between these corporate elites. Originality/value To the best of the author’s knowledge, this paper makes the first attempt to examine the influence of chair–CEO demographic dissimilarities on firm internationalization. Previous studies examining firms’ internationalization strategy, for the most part, restricted their scope to either the board members or top management team characteristics, but had largely overlooked the nexus between nonexecutive and executive directors through the chair and CEO. A focus on the demographic dissimilarities between the co-leaders of the firm is essential to improve the understanding of the collaboration and rivalry between them, which may affect board effectiveness and firm internationalization.

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Section: Resultsmentioning

confidence: 99%

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

Chair–CEO demographic dissimilarities and firm internationalization

Chow

2022

RIBS

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“…It is the choice for investors and capital owners that want to own a business with a minimal possibility of failure. Weaven et al (2018) and Kretinin et al (2019) stated that the beliefs, attitudes, and self-abilities of entrepreneurs influence the choice of business forms, dependency on franchisors, and management of resources that cannot be separated in the franchise system. This research focuses on factors affecting local brand franchise in the economic disruption competition era.…”

Section: Resultsmentioning

confidence: 99%

Local brand franchise competition in the disruption era

Subawa

Widhiasthini

Permatasari

2020

IJPQM

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Local brand franchise business, particularly culinary, has been rapidly developed in this disruption era. This is in line with the society's need for delicious but affordable culinary. There is a comprehensive relation-blend of cultural, business, and lifestyle responses. This research examined the factors affecting local brand franchises in the business competition in the disruption era. Using a descriptive qualitative method, the results indicated that local brand franchises are a part of economic disruption, because they create an entirely new market, providing high-quality products at lower prices. In this disruption era, local brand franchises are limited by binding agreements on franchising, courage in creativity and innovation, responsive to instant culture, adaptive to changes in consumer lifestyle, multi-level hegemony, and capitalism.

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“…Franchising has emerged as a permanent feature of modern economies (Combs et al, 2004), with franchise organizations demonstrating robust growth globally across industries (Kretinin et al, 2019). As a marketing strategy, franchisors encourage prospective franchisees to buy franchises as a means to operate lower-risk businesses relative to launching new ventures (Zachary et al, 2011).…”

Section: Introductionmentioning

confidence: 99%