The impact of finance and governance on the internationalisation modes of family firms

Dick, Markus; Mitter, Christine; Feldbauer‐Durstmüller, Birgit; Pernsteiner, Helmut

doi:10.1504/ejim.2017.081254

Cited by 13 publications

(5 citation statements)

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“…Risk aversion and reluctance to reduce family owners' control of the firm (Fernández & Nieto, 2005;Gó mez-Mejía et al, 2010;Schulze, Lubatkin, Dino, & Buchholtz, 2001;Sciascia, Mazzola, Astrachan, & Pieper, 2012) also limit the family firm's access to the financial resources needed for internationalization. Family firms can increase their access to the managerial and financial resources needed to develop their international scale by involving outside (i.e., nonfamily) parties in firm governance (Arregle, Naldi, Nordqvist, & Hitt, 2012), and by raising external capital from minority domestic and foreign shareholders (Dick, Mitter, Feldbauer-Durstmüller, & Pernsteiner, 2017;. Outside board members are an important source of experience, knowledge, and professional skills (Calabrò , Mussolino, & Huse, 2009;Purkayastha, Manolova, & Edelman, 2018;Sundaramurthy & Dean, 2008).…”

Section: Generational Involvementmentioning

confidence: 99%

Family firm internationalization: Past research and an agenda for the future

et al. 2021

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Although the study of family firm internationalization has generated considerable scholarly attention, existing research has offered varied and at times incompatible findings on how family ownership and management shape internationalization. To improve our understanding of family firm internationalization, we systematically review 220 conceptual and empirical studies published over the past three decades, structuring our comprehensive overview of this field according to seven core international business (IB) themes. We assess the literature and propose directions for future research by developing an integrative framework of family firm internationalization that links IB theory with conceptual perspectives used in the reviewed body of work. We propose a research agenda that advocates a cross-disciplinary, multi-theoretic, and cross-level approach to studying family firm internationalization. We conclude that family firm internationalization research has the potential to contribute valuable insights to IB scholarship by increasing attention to conceptual and methodological issues, including micro-level affective motivations, background social institutions, temporal perspectives, and multi-level analyses.

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Section: Generational Involvementmentioning

confidence: 99%

Family firm internationalization: Past research and an agenda for the future

et al. 2021

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“…Authors and academia have shown interest in the research of the FBs field (Sharma, 2004;Moores, 2009); however, few conclusions have yet to be contributed to the field (Gallo et al, 2009). Although the majority of the studies in FBs have covered topics like succession protocols, due to intergenerational failure, or internationalisation, (Dick, 2017), little research has been carried out in the comparison between FBs and NFBs, only on topics like concentration and control, risk aversion, number of employees, etc. (Gallo et al, 2004).…”

Section: Internationalisation and Family Businessmentioning

confidence: 99%

“…In this assumed risk that international companies face when internationalising (Dick et al, 2017) and the social, cultural and economic challenges they have to deal with, some differences are produced in comparing national businesses with international businesses, depending on the business way of organisation (Li, 2018). Therefore, to test if there are differences between the components of COSE, and between employees from international hotels vs. employees from national hotels, due to differences in training processes or human resources policies, the following hypotheses are proposed: H6a: Employees from international hotels have a different level of technical skills than employees from national hotels.…”

Section: Proposed Model and Hypothesesmentioning

confidence: 99%

International management of customer orientation

Porras¹,

Alba²,

Molina³

et al. 2023

EJIM

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This study investigates the role of customer orientation of service employees (COSE) and its influence on customer satisfaction and on electronic word of mouth (e-WOM), with a focus on international management. An empirical study was conducted amongst hotel customers with a final valid sample of 265 respondents. Digital capabilities have been included in the COSE model for the first time. Findings indicate that digital capabilities have a positive influence on customer satisfaction that is mediated by COSE. This study has also compared differences between international and national firms and also considered family businesses and non-family businesses. Results show that international hotels have a higher level of COSE than national hotels, mainly due to the technical skills of the employees, and the presence of a higher level of COSE in family businesses (FBs) rather than in non-family businesses (NFBs). Some contributions to academia and to international management have been discussed.

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“…Similarly, Ray et al (2018) and Mondal et al (2021) demonstrated also that the presence of family members at the managerial level is negatively associated to FDIs scale and scope, thereby suggesting that family-managed firms are more averse to this type of internationalization than FFs managed by nonfamily professionals. As a mirror finding, sophisticated financial management and external ownership are deemed to foster FDIs in FFs (Dick et al , 2017). Moreover, a recent study by Fourné and Zschoche (2020) introduced a different perspective and suggests that FFs pursue trait-based imitation of successful FFs to reduce uncertainty in their FDIs.…”

Section: Literature Reviewmentioning

confidence: 99%

Family firms and international equity-based entry modes: a systematic literature review

Maggi

Pongelli

Sciascia

2022

MBR

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Purpose Although research on family firms (FF) internationalization has seen a boom over the past 30 years, the understanding of how FFs internationalize with equity modes is still fragmented. Indeed, the majority of extant literature on this topic identifies internationalization with export, overlooking the alternative equity-based entry modes FFs have when entering a foreign country. The purpose of this paper is to fill this gap with a framework-based systematic literature review on the topic to improve the understanding of this phenomenon and propose a way forward. Design/methodology/approach This study conducted a framework-based systematic literature review of 93 papers published between 1993 and 2021. Findings This study adds to the current debate on FFs internationalization by integrating previous review efforts with a deeper investigation of FFs’ equity-based entry modes. This study contributes to this body of knowledge in the family business research by synthetizing and systematizing extant literature with a framework-based approach from the international business (IB) field. In so doing, this study builds a stronger link between these two areas of research. Finally, research gaps and promising research avenues for future studies are also presented. Originality/value This study responds to the call to create a dialogue between the FFs and IB fields by systematizing the extant body of knowledge and integrating the FF literature with one of the most widely used frameworks (Pan and Tse, 2000) on entry modes in the IB domain.

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The impact of finance and governance on the internationalisation modes of family firms

Cited by 13 publications

References 0 publications

Family firm internationalization: Past research and an agenda for the future

Family firm internationalization: Past research and an agenda for the future

International management of customer orientation

Family firms and international equity-based entry modes: a systematic literature review

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