Internationalization and entrepreneurial orientation of family SMEs: The influence of the family character

Alayo, Mikel; Maseda, Amaia; Iturralde, Txomin; Arzubiaga, Unai

doi:10.1016/j.ibusrev.2018.06.003

Cited by 135 publications

(124 citation statements)

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“…This knowledge contributes to the upper echelons theory on family firms by increasing our understanding of the impact of two diversities that are found specifically in family firm TMTs: the family TMT ratio (i.e., the proportion of family members in the TMT) and generational involvement (i.e., presence of multiple generations in the TMT). We choose these two family firm-specific diversities, which are found only in family firms, because they have been previously analysed in research on entrepreneurial orientation (Alayo et al, 2019) or innovation (Kraiczy et al, 2015;Arzubiaga et al, 2019) in family firms, but not in the relationship between institutional networking and speed of internationalisation.…”

Section: Discussionmentioning

confidence: 99%

“…According to Pukall & Calabrò (2014), family firm het-The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry erogeneity could help to understand behaviours in their internationalisation. This study focuses on the level of family involvement in the firms' TMTs; which seems to be an important determinant of the speed of the internationalisation process and whose relevance has been underestimated (Alayo et al, 2019).…”

Section: Theoretical Background and Development Of The Hypothesesmentioning

confidence: 99%

“…Following Alayo et al (2019), we focus on two sources of TMT diversity: generational involvement, i.e., whether there are multiple family generations simultaneously involved in the firms' TMTs (Sciascia, Mazzola, & Chirico, 2013), and the proportion of family members inside the TMTs, which may be important in explaining variations in performance. Generational involvement can be conceived as a proxy of knowledge diversity in multigenerational family TMTs (Sciascia et al, 2013).…”

Section: Theoretical Background and Development Of The Hypothesesmentioning

confidence: 99%

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The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry

Olmos

Malorgio

2020

WEP

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Institutional networking is a key element in businesses’ internationalisation processes and is an important strategy for promoting the long-term growth and survivability of family SMEs in the DOC Rioja wine industry. We hold that the proportion of family members in the TMT plays an important role in strategic decision-making and helps to explain the speed of their internationalisation process. This paper contributes to the scant research on the influence of family involvement in the TMT by analysing the moderating effects of two diversities on the relationship between institutional networking and the speed of internationalisation: the family TMT ratio and generational involvement. Using a broad sample of 77 family wineries in DOC Rioja, the results obtained indicate that institutional networking plays a signiﬁcant role in explaining the speed of internationalisation in family ﬁrms and that this relationship is weaker when a larger proportion of family members serve as top managers. The empirical results also have interesting implications for the managers of family firms as it may help them to identify the effective composition of TMTs to be considered when deciding on the process of internationalisation.

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Section: Discussionmentioning

confidence: 99%

Section: Theoretical Background and Development Of The Hypothesesmentioning

confidence: 99%

Section: Theoretical Background and Development Of The Hypothesesmentioning

confidence: 99%

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The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry

Olmos

Malorgio

2020

WEP

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“…CEOs' international exposure relates to achievements in foreign language proficiency and travel experience, in addition to better tolerance and understanding of other cultures and ways of doing business (Andersen & Rynning, 1994;Zucchella, Palamara, & Denicolai, 2007). The latter reduces uncertainties from international endeavors and foments a global mindset (Hsu, Chen, & Cheng, 2013;Alayo, Maseda, Iturralde, & Arzubiaga, 2019). It has been emphasized that CEOs who have lived in other countries tend to export more and internationalize their companies faster than others (Reuber & Fischer, 1999).…”

Section: Ceo Foreign Exposure Education and International Entreprenmentioning

confidence: 99%

“…Board diversity has implications for the management of the firm and previous literature generally shows a positive effect on international entrepreneurship. Diversity implies different and complementary knowledge and abilities, which favors strategic complex decisions such as IE (Rivas, 2012;D´Angelo, Majocchi, & Buck, 2016;Alayo et al, 2019).…”

Section: Board Diversity and International Entrepreneurshipmentioning

confidence: 99%

International entrepreneurship and Mexican listed family firms’ CEO/Board characteristics

Watkins-Fassler

Ariza

2019

estud.gerenc.

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The objective of this research is to analyze the influence on international entrepreneurship of both Chief Executive Officers (CEOs) and board of directors' traits. It takes into account 52 listed family firms in Mexico (2001Mexico ( -2015, an emerging market where ownership concentration is particularly high. Results obtained from a binary probit model show that family involvement reduces the odds of pursuing foreign endeavors. However, when the CEO has a business administration academic background, the probability of having subsidiaries or branches abroad rises considerably. Finally, there is evidence that the presence of women on boards reduces the odds of international entrepreneurship. Emprendimiento internacional y características de los Consejos de Administración y Directores Generales de las empresas familiares listadas en MéxicoResumen El objetivo de este trabajo es analizar la influencia tanto de características de los Directores Generales (CEO, por su sigla en inglés) como de los consejos de administración, en el emprendimiento internacional. Se contemplan 52 empresas familiares listadas en México (2001México ( -2015, un mercado emergente donde la concentración de la propiedad es particularmente alta. Los resultados obtenidos a partir de un modelo probit binario muestran que la participación de la familia reduce las probabilidades de internacionalización. No obstante, cuando el CEO tiene formación académica en negocios, la probabilidad de tener filiales o sucursales en el extranjero aumenta. Finalmente, hay evidencia que la presencia de mujeres en los consejos reduce las probabilidades de emprendimiento internacional.Palabras clave: análisis cuantitativo, emprendimiento internacional, empresa familiar, México. Empreendedorismo internacional de empresas familiares mexicanas listadas e características do CEO / Conselho de administraçãoResumo O objetivo deste trabalho é analisar a influência das características dos Gerentes Gerais (CEO) e dos conselhos de administração, no empreendedorismo internacional. Existem 52 empresas familiares listadas no México (2001México ( -2015, um mercado emergente onde a concentração de propriedades é particularmente alta. Os resultados obtidos a partir de um modelo probit binário mostram que a participação da família reduz as chances de internacionalização. No entanto, quando o CEO tem uma formação acadêmica nos negócios, a probabilidade de ter subsidiárias ou filiais no exterior aumenta. Finalmente, há evidências de que a presença de mulheres nos conselhos reduz as chances de empreendedorismo internacional. Palavras-chave: analise quantitativa, empreendedorismo internacional, empresa familiar, México.

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Internationalization and corporate sustainability expenditure: The role of institutional support and foreign knowledge acquisition

Frimpong

2023

Bus Strat Dev

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This study extends the literature on international business and sustainability by examining the impact of internationalization on corporate sustainability expenditures, and the conditions under which this relationship is enhanced or attenuated. Based on insights from institutional and firm resource theories, we examine the moderating effects of institutional support and foreign knowledge acquisition capability on the hypothesized relationship. Survey data were collected from 260 small and medium‐sized enterprises (SMEs) in Ghana, a developing sub‐Saharan African country, and analyzed using ordinary least squares (OLS) regression. The results indicate that increased internationalization levels are positively and significantly linked to corporate sustainability expenditure. In addition, the results of the moderation analyses reveal that the positive effect of internationalization on sustainability expenditure is stronger at high levels of institutional support for firms with high foreign knowledge acquisition capability. This study offers new perspectives and directions for improving SMEs' internationalization and sustainability practices through an integrated strategy that enhances the quality of domestic institutional environments by policymakers, augmented by managers' proactive efforts to develop their firms' foreign market learning capabilities. The limitations of this study and their implications for further research are discussed.

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Internationalization and entrepreneurial orientation of family SMEs: The influence of the family character

Cited by 135 publications

References 122 publications

The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry

The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry

International entrepreneurship and Mexican listed family firms’ CEO/Board characteristics

Internationalization and corporate sustainability expenditure: The role of institutional support and foreign knowledge acquisition

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