Family-centred non-economic goals and the internationalisation of family firms: Evidence from Australia

International Business Review - Tập 31 - Trang 101974 - 2022
Chris Graves1, Henry X. Shi1, Francesco Barbera2
1Adelaide Business School, The University of Adelaide, Adelaide, SA 5005, Australia
2Ted Rogers School of Management, Ryerson University, Toronto, ON M5B 2K3, Canada

Tài liệu tham khảo

Alessandri, 2018, The mixed gamble of internationalization in family and nonfamily firms: The moderating role of organizational slack, Global Strategy Journal, 8, 46, 10.1002/gsj.1201 Armstrong, 1977, Estimating nonresponse bias in mail surveys, Journal of Marketing Research, 14, 396, 10.1177/002224377701400320 Arregle, 2012, Internationalization of family-controlled firms: A study of the effects of external involvement in governance, Entrepreneurship Theory and Practice, 36, 1115, 10.1111/j.1540-6520.2012.00541.x Arrondo-García, 2016, The growth and performance of family businesses during the global financial crisis: The role of the generation in control, Journal of Family Business Strategy, 7, 227, 10.1016/j.jfbs.2016.11.003 Basco, 2013, The family’s effect on family firm performance: A model testing the demographic and essence approaches, Journal of Family Business Strategy, 4, 42, 10.1016/j.jfbs.2012.12.003 Basco, 2014, Exploring the influence of the family upon firm performance: Does strategic behaviour matter?, International Small Business Journal, 32, 967, 10.1177/0266242613484946 Basco, 2009, Studying the family enterprise holistically: Evidence for integrated family and business systems, Family Business Review, 22, 82, 10.1177/0894486508327824 Basco, 2011, Ideal types of family business management: Horizontal fit between family and business decisions and the relationship with family business performance, Journal of Family Business Strategy, 2, 151, 10.1016/j.jfbs.2011.07.004 Becerra, 2020, Innovation in family firms: The relative effects of wealth concentration versus family-centered goals, Family Business Review, 33, 372, 10.1177/0894486520953700 Berent-Braun, 2012, Family governance practices and teambuilding: Paradox of the enterprising family, Small Business Economics, 38, 103, 10.1007/s11187-010-9269-4 Bilkey, 1978, An attempted integration of the literature on the export behaviour of firms, Journal of International Business Studies, 9, 33, 10.1057/palgrave.jibs.8490649 Brigham, 2019 Calabrò, 2016, What does really matter in the internationalization of small and medium‐sized family businesses?, Journal of Small Business Management, 54, 679, 10.1111/jsbm.12165 Cesinger, 2016, A socioemotional wealth perspective on how collaboration intensity, trust, and international market knowledge affect family firms’ multinationality, Journal of World Business, 51, 586, 10.1016/j.jwb.2016.02.004 Chrisman, 2012, Family involvement, family influence, and family‐centered non‐economic goals in small firms, Entrepreneurship Theory and Practice, 36, 267, 10.1111/j.1540-6520.2010.00407.x Chrisman, 2014, Nonfamily managers, family firms and the winner’s curse: The influence of noneconomic goals and bounded rationality, Entrepreneurship Theory and Practice, 38, 1103, 10.1111/etap.12014 Coviello, 2017, Adapting the Uppsala model to a modern world: Macro-context and microfoundations, Journal of International Business Studies, 48, 1151, 10.1057/s41267-017-0120-x Cruz, 2014, Are family firms really more socially responsible?, Entrepreneurship Theory and Practice, 38, 1295, 10.1111/etap.12125 Daily, 1992, An empirical examination of ownership structure in family and professionally managed firms, Family Business Review, 5, 117, 10.1111/j.1741-6248.1992.00117.x Debellis, 2021, Riding the waves of family firm internationalization: A systematic literature review, integrative framework, and research agenda, Journal of World Business, 56, 10.1016/j.jwb.2020.101144 Duran, 2016, Doing more with less: Innovation input and output in family firms, Academy of Management Journal, 59, 1224, 10.5465/amj.2014.0424 Fernández, 2005, Internationalization strategy of small and medium-sized family businesses: Some influential factors, Family Business Review, 18, 77, 10.1111/j.1741-6248.2005.00031.x Fernández, 2006, Impact of ownership on the international involvement of SMEs, Journal of International Business Studies, 37, 340, 10.1057/palgrave.jibs.8400196 Gallo, 1991, Internationalizing the family business: Facilitating and restraining factors, Family Business Review, 4, 181, 10.1111/j.1741-6248.1991.00181.x Gallo, 1996, Finance in family business, Family Business Review, 9, 387, 10.1111/j.1741-6248.1996.00387.x Glaum, 2007, 40 years of research on internationalization and firm performance: More questions than answers?, Management International Review, 47, 307, 10.1007/s11575-007-0018-0 Gómez-Mejía, 2007, Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills, Administrative Science Quarterly, 52, 106, 10.2189/asqu.52.1.106 Gómez-Mejía, 2010, Diversification decisions in family-controlled firms, Journal of Management Studies, 47, 223, 10.1111/j.1467-6486.2009.00889.x Grant, 1987, Multinationality and performance among British manufacturing companies, Journal of International Business Studies, 18, 79, 10.1057/palgrave.jibs.8490413 ASBFEO. (2019). Small business counts. Australian Small Business and Family Enterprise Ombudsman. Graves C. (2006). Venturing beyond the backyard: An examination of the internationalisation process of Australian small-to-medium-sized family-owned manufacturing enterprises. The University of Adelaide, available at: 〈http://hdl.handle.net/2440/37865〉: Adelaide. Graves, 2004, Internationalisation of the family business: A longitudinal perspective, International Journal of Globalisation and Small Business, 1, 7, 10.1504/IJGSB.2004.005615 Graves, 2006, Internationalisation of Australian family businesses: A managerial capabilities perspective, Family Business Review, 19, 207, 10.1111/j.1741-6248.2006.00066.x Gujarati, 2003 Gupta, 1984, Business unit strategy, managerial characteristics, and business unit effectiveness at strategy implementation, Academy of Management Journal, 27, 25, 10.2307/255955 Hair, 2010 Harris, 1994, Is strategy different for the family-owned business?, Family Business Review, 7, 159, 10.1111/j.1741-6248.1994.00159.x Hennart, 2019, The myth of the stay-at-home family firm: How family-managed SMEs can overcome their internationalization limitations, Journal of International Business Studies, 50, 758, 10.1057/s41267-017-0091-y Holt, 2012, Strategic decisions within family firms: Understanding the controlling family's receptivity to internationalization, Entrepreneurship Theory and Practice, 36, 1145, 10.1111/j.1540-6520.2012.00542.x Holt, 2017, Family firm(s) outcomes model: Structuring financial and nonfinancial outcomes across the family and firm, Family Business Review, 30, 182, 10.1177/0894486516680930 Jiang, 2018, More than meets the eye: A review and future directions for the social psychology of socioemotional wealth, Family Business Review, 31, 125, 10.1177/0894486517736959 Johanson, 1977, The internationalization process of the firm: A model of knowledge development and increasing foreign market commitment, Journal of International Business Studies, 8, 23, 10.1057/palgrave.jibs.8490676 Jordan, 2020, Quality standards and training are important in the peer review process, but what about engagement?, Industrial and Organizational Psychology, 13, 61, 10.1017/iop.2020.10 Kano, 2021, The family as a platform for FSA development: Enriching new internalization theory with insights from family firm research, Journal of International Business Studies, 52, 148, 10.1057/s41267-020-00308-y Kano, 2018, Family firm internationalization: Heritage assets and the impact of bifurcation bias, Global Strategy Journal, 8, 158, 10.1002/gsj.1186 King, 2001, Issues in growing a family business: A strategic human resource model, Journal of Small Business Management, 39, 3, 10.1111/0447-2778.00002 Kraus, 2016, Family firm internationalization: A configurational approach, Journal of Business Research, 69, 5473, 10.1016/j.jbusres.2016.04.158 Krishnan, 2006, When does trust matter to alliance performance?, Academy of Management Journal, 49, 894, 10.5465/amj.2006.22798171 Kuivalainen, 2010, Organisational capabilities and internationalisation of the small and medium-sized information and communications technology firms, Journal of International Entrepreneurship, 8, 135, 10.1007/s10843-010-0057-7 Leonidou, 2004, An analysis of the barriers hindering small business export development, Journal of Small Business Management, 42, 279, 10.1111/j.1540-627X.2004.00112.x Liang, 2014, Chinese private firms and internationalization: Effects of family involvement in management and family ownership, Family Business Review, 27, 126, 10.1177/0894486513480885 Lin, 2021, Family firms, R&D, and internationalization: The stewardship and socio-emotional wealth perspectives, Asia Pacific Journal of Management, 38, 91, 10.1007/s10490-018-9636-2 Majocchi, 2003, Internationalization and performance: Findings from a set of Italian SMEs, International Small Business Journal, 21, 249, 10.1177/02662426030213001 De Massis, 2018, Family firms in the global economy: Toward a deeper understanding of internationalization determinants, processes, and outcomes, Global Strategy Journal, 8, 3, 10.1002/gsj.1199 De Massis, 2020, Covid-19 and the future of family business research, Journal of Management Studies, 57, 1727, 10.1111/joms.12632 McDougall, 1996, New venture internationalization, strategic change, and performance: A follow-up study, Journal of Business Venturing, 11, 23, 10.1016/0883-9026(95)00081-X Metsola, 2020, Process in family business internationalisation: The state of the art and ways forward, International Business Review, 29, 10.1016/j.ibusrev.2020.101665 Michiels, 2017, Financing decisions in family businesses: A review and suggestions for developing the field, Family Business Review, 30, 369, 10.1177/0894486517736958 Mishra, 1999, Founding family control and capital structure: The risk of loss of control and the aversion to debt, Entrepreneurship Theory and Practice, 23, 53, 10.1177/104225879902300404 Nosé, 2017, Decreasing the effects of relationship conflict on family businesses: The moderating role of family climate, Journal of Family Issues, 38, 25, 10.1177/0192513X15573869 Okoroafo, 1999, Internationalization of family businesses: Evidence from northwest Ohio, USA, Family Business Review, 12, 147, 10.1111/j.1741-6248.1999.00147.x Pepper, 2015, Behavioral agency theory: New foundations for theorizing about executive compensation, Journal of Management, 41, 1045, 10.1177/0149206312461054 Pongelli, 2016, Family business going abroad: The effect of family ownership on foreign market entry decisions, Small Business Economics, 47, 787, 10.1007/s11187-016-9763-4 Pukall, 2014, The internationalization of family firms a critical review and integrative model, Family Business Review, 27, 103, 10.1177/0894486513491423 Qian, 1996, The effect of multinationality measures upon the risk-return performance of US firms, International Business Review, 5, 247, 10.1016/0969-5931(96)00009-1 Qian, 2003, Profitability of small and medium-sized enterprises in high-tech industries: The case of the biotechnology industry, Strategic Management Journal, 24, 881, 10.1002/smj.344 Ramaswamy, 1996, Measuring the degree of internationalization of a firm: A comment, Journal of International Business Studies, 27, 167, 10.1057/palgrave.jibs.8490131 Richard, 2009, Measuring organizational performance: Towards methodological best practice, Journal of Management, 35, 718, 10.1177/0149206308330560 Ripollés, 2012, Factors enhancing the choice of higher resource commitment entry modes in international new ventures, International Business Review, 21, 648, 10.1016/j.ibusrev.2011.07.007 Romano, 2001, Capital structure decision making: A model for family business, Journal of Business Venturing, 16, 285, 10.1016/S0883-9026(99)00053-1 Santulli, 2019, Family ownership concentration and firm internationalization: Integrating principal-principal and socioemotional wealth perspectives, Journal of International Entrepreneurship, 17, 220, 10.1007/s10843-019-00245-4 Scholes, 2016, Internationalization of small family firms: The influence of family from a socioemotional wealth perspective, Thunderbird International Business Review, 58, 131, 10.1002/tie.21729 Seet, 2010, The effect of finance, knowledge and empathy gaps on the use of private equity amongst family-owned SMEs, International Journal of Entrepreneurship and Small Business, 11, 85, 10.1504/IJESB.2010.034434 Shi, 2019, Intergenerational succession and internationalisation strategy of family SMEs: Evidence from China, Long Range Planning, 52, 10.1016/j.lrp.2018.05.004 Silva, 2008, Does family ownership shape performance outcomes?, Journal of Business Research, 61, 609, 10.1016/j.jbusres.2007.06.035 Sorenson, 1999, Conflict management strategies used by successful family businesses, Family Business Review, 12, 325, 10.1111/j.1741-6248.1999.00325.x Sorenson, 2000, The contribution of leadership style and practices to family and business success, Family Business Review, 13, 183, 10.1111/j.1741-6248.2000.00183.x Stump, 1998, The contingent effect of the dimensions of export commitment on exporting financial performance, Journal of Global Marketing, 12, 7, 10.1300/J042v12n01_02 Suess, 2014, Family governance: Literature review and the development of a conceptual model, Journal of Family Business Strategy, 5, 138, 10.1016/j.jfbs.2014.02.001 Sullivan, 1994, Measuring the degree of internationalization of a firm, Journal of International Business Studies, 25, 325, 10.1057/palgrave.jibs.8490203 Swab, 2020, “SEW” what do we know and where do we go? A review of socioemotional wealth and a way forward, Family Business Review, 33, 424, 10.1177/0894486520961938 Vahlne, 2017, From internationalization to evolution: The Uppsala model at 40 years, Journal of International Business Studies, 48, 1087, 10.1057/s41267-017-0107-7 Verbeke, 2012, The transaction cost economics theory of the family firm: Family–based human asset specificity and the bifurcation bias, Entrepreneurship Theory and Practice, 36, 1183, 10.1111/j.1540-6520.2012.00545.x Verbeke, 2020, A values-based analysis of bifurcation bias and its impact on family firm internationalization, Asia Pacific Journal of Management, 37, 449, 10.1007/s10490-018-9598-4 Villalonga, 2015, Governance of family firms, Annual Review of Financial Economics, 7, 635, 10.1146/annurev-financial-110613-034357 Wall, 2004, On the validity of subjective measures of company performance, Personnel Psychology, 57, 95, 10.1111/j.1744-6570.2004.tb02485.x Welch, 1988, Internationalization: Evolution of a concept, Journal of General Management, 14, 34, 10.1177/030630708801400203 Westhead, 1997, Performance contrasts between family and non-family unquoted companies in the UK, International Journal of Entrepreneurial Behaviour and Research, 3, 30, 10.1108/13552559710170892 Westhead, 2006, Ownership and management issues associated with family firm performance and company objectives, Family Business Review, 19, 301, 10.1111/j.1741-6248.2006.00077.x Zahra, 2005, Entrepreneurial risk taking in family firms, Family Business Review, 18, 23, 10.1111/j.1741-6248.2005.00028.x Zahra, 2000, International expansion by new venture firms: International diversity, mode of market entry, technological learning, and performance, Academy of Management Journal, 43, 925, 10.2307/1556420 Zahra, 2003, Technological resource leveraging and the internationalisation of new ventures, Journal of International Entrepreneurship, 1, 163, 10.1023/A:1023852201406 Zellweger, 2013, Why do family firms strive for nonfinancial goals? An organizational identity perspective, Entrepreneurship Theory and Practice, 37, 229, 10.1111/j.1540-6520.2011.00466.x