Nồng độ sở hữu gia đình và sự quốc tế hóa của công ty: tích hợp các quan điểm chính-principle và tài sản xã hội-tình cảm

Journal of International Entrepreneurship - Tập 17 - Trang 220-248 - 2019
Rosalia Santulli1, Mariateresa Torchia2, Andrea Calabrò3, Carmen Gallucci1
1University of Salerno, Fisciano, Italy
2International University of Monaco, Groupe INSEEC U., Fontvieille, Monaco
3IPAG LAB, IPAG Family Business Institute (IFBI), IPAG Business School, Paris, France

Tóm tắt

Sự không đồng nhất vốn có trong vũ trụ các công ty gia đình, đặc biệt do sự tồn tại của các "chòm sao" sở hữu gia đình khác nhau, có thể giải thích cho những kết quả hết sức mâu thuẫn về tác động của sở hữu gia đình đến kết quả quốc tế hóa. Xuất phát từ quan điểm chính-principle, mục đích của nghiên cứu này là hiểu liệu và bằng cách nào các mức độ tập trung sở hữu gia đình khác nhau ảnh hưởng đến mức độ quốc tế hóa của các công ty. Chúng tôi đã kiểm tra các giả thuyết chính của mình trên mẫu 455 công ty gia đình của Đức. Các phát hiện chính của chúng tôi cho thấy sự tồn tại của một mối quan hệ hình chữ U giữa nồng độ sở hữu gia đình và mức độ quốc tế hóa của các công ty gia đình. Hơn nữa, chúng tôi xem xét hiệu ứng điều chỉnh của tài sản xã hội-tình cảm (SEW) và giả thuyết rằng mức độ nhận diện cao hơn của các thành viên gia đình với công ty có thể làm giảm các tác động tiêu cực của việc phân chia sở hữu gia đình đều giữa các thành viên trong gia đình. Chúng tôi nhận thấy rằng SEW điều chỉnh mối quan hệ hình chữ U theo cách mà các công ty gia đình với sự phân chia đồng đều cổ phần giữa các cổ đông chính trong gia đình đạt được mức độ quốc tế hóa cao hơn khi mức độ SEW là cao.

Từ khóa

#sở hữu gia đình #quốc tế hoá #tài sản xã hội-tình cảm #mối quan hệ hình chữ U

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