Determinants of the Internationalization Pathways of Family Firms: An Examination of Family Influence
研究了八家家族企业从创立至今的国际化过程,识别出影响其国际化路径的三个关键决定因素:国际化承诺水平、可用财务资源以及利用财务资源发展能力的能力,并探讨了家族如何影响这些因素。
Internationalization is recognized as a valuable strategy for organizations' growth and expansion; however, little is known about the internationalization behavior of family firms. Using stage model theory, the internationalization processes of eight family firms from their foundation to the present time are examined. Three key determinants of the internationalization pathways taken by family firms are identified: the level of commitment toward internationalization, the financial resources available, and the ability to commit and use those financial resources to develop the required capabilities. Furthermore, how the family unit influenced these determinants is explored. The implications for family business practitioners and ideas for future research are discussed.