IDEAS home Printed from https://ideas.repec.org/a/eee/iburev/v33y2024i4s0969593123001531.html
   My bibliography  Save this article

Beyond economic considerations: The role of socioemotional wealth in family firm foreign exit decisions

Author

Listed:
  • Pan, Xin
  • Chen, Xuanjin
  • Wang, Hao

Abstract

Previous research has delved into both economic and non-economic determinants influencing foreign exits, yet the role of socioemotional wealth (SEW) in this strategic decision of family firms has been underexplored. Our study addresses this oversight by examining three principal dimensions from the FIBER SEW framework: family control (F), binding social ties (B), and the renewal of family bonds (R). We utilise a probit model to analyse data from Chinese listed family multinational corporations spanning 2008 to 2019. Our analysis yields two primary insights. Firstly, the presence of family directors and international experience collectively diminish the probability of foreign exits. Secondly, our findings do not indicate gender differences among successors as influencing foreign exits. Notably, the association between poor performance and foreign exits becomes attenuated with an increase in the number of family directors and their international experience, and in scenarios involving male successors. These insights significantly enrich our theoretical comprehension of how SEW dimensions inform strategic decision-making regarding foreign exits in family enterprises.

Suggested Citation

  • Pan, Xin & Chen, Xuanjin & Wang, Hao, 2024. "Beyond economic considerations: The role of socioemotional wealth in family firm foreign exit decisions," International Business Review, Elsevier, vol. 33(4).
    • Handle: RePEc:eee:iburev:v:33:y:2024:i:4:s0969593123001531
    DOI: 10.1016/j.ibusrev.2023.102253
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0969593123001531
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.ibusrev.2023.102253?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Markin, Erik T. & Skorodziyevskiy, Vitaliy & Zhu, Lina & Chrisman, James J. & Fang, Hanqing “Chevy”, 2022. "Lone-founder firms in China: Replicating Miller et al. (2007) in a different context," Journal of Family Business Strategy, Elsevier, vol. 13(4).
    2. David Sraer & David Thesmar, 2007. "Performance and Behavior of Family Firms: Evidence from the French Stock Market," Journal of the European Economic Association, MIT Press, vol. 5(4), pages 709-751, June.
    3. Liang Chen & Yi Li & Di Fan, 2021. "Who are the most inclined to learn? Evidence from Chinese multinationals’ internationalization in the European Union," Asia Pacific Journal of Management, Springer, vol. 38(1), pages 231-257, March.
    4. Li Dai & Lorraine Eden & Paul W. Beamish, 2017. "Caught in the crossfire: Dimensions of vulnerability and foreign multinationals' exit from war-afflicted countries," Strategic Management Journal, Wiley Blackwell, vol. 38(7), pages 1478-1498, July.
    5. Jean–Luc Arregle & Patricio Duran & Michael A. Hitt & Marc van Essen, 2017. "Why is Family Firms’ Internationalization Unique? A Meta–Analysis," Entrepreneurship Theory and Practice, , vol. 41(5), pages 801-831, September.
    6. Isabelle Le Breton–Miller & Danny Miller, 2013. "Socioemotional Wealth across the Family Firm Life Cycle: A Commentary on “Family Business Survival and the Role of Boardsâ€," Entrepreneurship Theory and Practice, , vol. 37(6), pages 1391-1397, November.
    7. Wu, Sihong & Chirico, Francesco & Fan, Di & Ding, Jiayan & Su, Yiyi, 2024. "Foreign market exit in family firms: Do historical military and cultural frictions matter?," Journal of World Business, Elsevier, vol. 59(1).
    8. Zellweger, Thomas & Sieger, Philipp & Halter, Frank, 2011. "Should I stay or should I go? Career choice intentions of students with family business background," Journal of Business Venturing, Elsevier, vol. 26(5), pages 521-536, September.
    9. Chen, Shu & Ying, Sammy Xiaoyan & Wu, Huiying & You, Jiaxing, 2021. "Carrying on the family's legacy: Male heirs and firm innovation," Journal of Corporate Finance, Elsevier, vol. 69(C).
    10. Jess H. Chua & James J. Chrisman & Lloyd P. Steier & Sabine B. Rau, 2012. "Sources of Heterogeneity in Family Firms: An Introduction," Entrepreneurship Theory and Practice, , vol. 36(6), pages 1103-1113, November.
    11. Buckley, Peter J. & Chen, Liang & Clegg, L. Jeremy & Voss, Hinrich, 2016. "Experience and FDI Risk-taking: A Microfoundational Reconceptualization," Journal of International Management, Elsevier, vol. 22(2), pages 131-146.
    12. Schmid, David & Morschett, Dirk, 2020. "Decades of research on foreign subsidiary divestment: What do we really know about its antecedents?," International Business Review, Elsevier, vol. 29(4).
    13. Morgan, Timothy J. & Gomez-Mejia, Luis R., 2014. "Hooked on a feeling: The affective component of socioemotional wealth in family firms," Journal of Family Business Strategy, Elsevier, vol. 5(3), pages 280-288.
    14. Fynn-Willem Lohe & Andrea Calabrò & Mariateresa Torchia, 2021. "Disentangling the drivers of family firms internationalization through the lens of socioemotional wealth," Journal of International Entrepreneurship, Springer, vol. 19(4), pages 479-509, December.
    15. André van Hoorn & Robbert Maseland, 2016. "How institutions matter for international business: Institutional distance effects vs institutional profile effects," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(3), pages 374-381, April.
    16. Michael A. Sartor & Paul W. Beamish, 2020. "Integration-oriented strategies, host market corruption and the likelihood of foreign subsidiary exit from emerging markets," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(3), pages 414-431, April.
    17. Daniel S. Andrews & Phillip C. Nell & Andreas P. J. Schotter & Tomi Laamanen, 2023. "And the subsidiary lives on: Harnessing complex realities in the contemporary MNE," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(3), pages 538-549, April.
    18. Luis R. Gomez–Mejia & Joanna Tochman Campbell & Geoffrey Martin & Robert E. Hoskisson & Marianna Makri & David G. Sirmon, 2014. "Socioemotional Wealth as a Mixed Gamble: Revisiting Family Firm R&D Investments with the Behavioral Agency Model," Entrepreneurship Theory and Practice, , vol. 38(6), pages 1351-1374, November.
    19. Vikrant Shirodkar & Palitha Konara, 2017. "Institutional Distance and Foreign Subsidiary Performance in Emerging Markets: Moderating Effects of Ownership Strategy and Host-Country Experience," Management International Review, Springer, vol. 57(2), pages 179-207, April.
    20. Calvin Wang, 2010. "Daughter Exclusion in Family Business Succession: A Review of the Literature," Journal of Family and Economic Issues, Springer, vol. 31(4), pages 475-484, December.
    21. Surdu, Irina & Mellahi, Kamel & Glaister, Keith W. & Nardella, Giulio, 2018. "Why wait? Organizational learning, institutional quality and the speed of foreign market re-entry after initial entry and exit," Journal of World Business, Elsevier, vol. 53(6), pages 911-929.
    22. Kafouros, Mario & Cavusgil, S. Tamer & Devinney, Timothy M. & Ganotakis, Panagiotis & Fainshmidt, Stav, 2022. "Cycles of de-internationalization and re-internationalization: Towards an integrative framework," Journal of World Business, Elsevier, vol. 57(1).
    23. Xiaodong Yu & Laura Stanley & Yuping Li & Kimberly A. Eddleston & Franz W. Kellermanns, 2020. "The Invisible Hand of Evolutionary Psychology: The Importance of Kinship in First-Generation Family Firms," Entrepreneurship Theory and Practice, , vol. 44(1), pages 134-157, January.
    24. Paul D Ellis, 2011. "Social ties and international entrepreneurship: Opportunities and constraints affecting firm internationalization," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 42(1), pages 99-127, January.
    25. Surdu, Irina & Mellahi, Kamel, 2016. "Theoretical foundations of equity based foreign market entry decisions: A review of the literature and recommendations for future research," International Business Review, Elsevier, vol. 25(5), pages 1169-1184.
    26. Pascual Berrone & Patricio Duran & Luis Gómez-Mejía & Pursey P M A R Heugens & Tatiana Kostova & Marc Essen, 2022. "Impact of informal institutions on the prevalence, strategy, and performance of family firms: A meta-analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(6), pages 1153-1177, August.
    27. Patricio Duran & Tatiana Kostova & Marc van Essen, 2017. "Political ideologies and the internationalization of family-controlled firms," Post-Print hal-02312102, HAL.
    28. Li Dai & Lorraine Eden & Paul W. Beamish, 2023. "The timing and mode of foreign exit from conflict zones: A behavioral perspective," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(6), pages 1090-1104, August.
    29. Jean-Luc Arregle & Francesco Chirico & Liena Kano & Sumit K. Kundu & Antonio Majocchi & William S. Schulze, 2021. "Correction to: Family firm internationalization: Past research and an agenda for the future," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1199-1199, August.
    30. Christensen-Salem, Amanda & Mesquita, Luiz F. & Hashimoto, Marcos & Hom, Peter W. & Gomez-Mejia, Luis R., 2021. "Family firms are indeed better places to work than non-family firms! Socioemotional wealth and employees’ perceived organizational caring," Journal of Family Business Strategy, Elsevier, vol. 12(1).
    31. Christine M Chan & Shige Makino & Takehiko Isobe, 2006. "Interdependent behavior in foreign direct investment: the multi-level effects of prior entry and prior exit on foreign market entry," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 37(5), pages 642-665, September.
    32. Alain Verbeke & Liena Kano, 2012. "The Transaction Cost Economics Theory of the Family Firm: Family–Based Human Asset Specificity and the Bifurcation Bias," Entrepreneurship Theory and Practice, , vol. 36(6), pages 1183-1205, November.
    33. Boers, Börje & Ljungkvist, Torbjörn & Brunninge, Olof & Nordqvist, Mattias, 2017. "Going private: A socioemotional wealth perspective on why family controlled companies decide to leave the stock-exchange," Journal of Family Business Strategy, Elsevier, vol. 8(2), pages 74-86.
    34. Wen-Ting Lin & Linda C. Wang, 2021. "Family firms, R&D, and internationalization: the stewardship and socio-emotional wealth perspectives," Asia Pacific Journal of Management, Springer, vol. 38(1), pages 91-119, March.
    35. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    36. Xu, Kai & Hitt, Michael A. & Dai, Li, 2020. "International diversification of family-dominant firms: Integrating socioemotional wealth and behavioral theory of the firm," Journal of World Business, Elsevier, vol. 55(3).
    37. Yu Li & Yan A. Zhang & Wei Shi, 2020. "Navigating geographic and cultural distances in international expansion: The paradoxical roles of firm size, age, and ownership," Strategic Management Journal, Wiley Blackwell, vol. 41(5), pages 921-949, May.
    38. Metsola, Jaakko & Leppäaho, Tanja & Paavilainen-Mäntymäki, Eriikka & Plakoyiannaki, Emmanuella, 2020. "Process in family business internationalisation: The state of the art and ways forward," International Business Review, Elsevier, vol. 29(2).
    39. Bennet A. Zelner, 2009. "Using simulation to interpret results from logit, probit, and other nonlinear models," Strategic Management Journal, Wiley Blackwell, vol. 30(12), pages 1335-1348, December.
    40. Noni Symeonidou & Dawn R. DeTienne & Francesco Chirico, 2022. "The persistence of family firms: How does performance threshold affect family firm exit?," Small Business Economics, Springer, vol. 59(2), pages 477-489, August.
    41. Irina Surdu & Henrich R. Greve & Gabriel R. G. Benito, 2021. "Back to basics: Behavioral theory and internationalization," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1047-1068, August.
    42. Andres, Christian, 2008. "Large shareholders and firm performance--An empirical examination of founding-family ownership," Journal of Corporate Finance, Elsevier, vol. 14(4), pages 431-445, September.
    43. Dawn R. DeTienne & Francesco Chirico, 2013. "Exit Strategies in Family Firms: How Socioemotional Wealth Drives the Threshold of Performance," Entrepreneurship Theory and Practice, , vol. 37(6), pages 1297-1318, November.
    44. Alexander Nemeth & Michael Nippa, 2013. "Rigor and Relevance of IJV Exit Research," Management International Review, Springer, vol. 53(3), pages 449-475, June.
    45. Sanguineti, Francesca & Majocchi, Antonio & Cavusgil, S. Tamer, 2022. "Founding entrepreneur’s dilemma: Stay or exit the firm following an acquisition? An international comparison," International Business Review, Elsevier, vol. 31(1).
    46. Tiia Vissak & Xiaotian Zhang, 2015. "Chinese Multinationals’ Entry, Exit and Re-Entry Patterns: Survey Evidence," Palgrave Macmillan Books, in: Marin Marinov (ed.), Experiences of Emerging Economy Firms, chapter 3, pages 32-53, Palgrave Macmillan.
    47. Debellis, Francesco & Rondi, Emanuela & Plakoyiannaki, Emmanuella & De Massis, Alfredo, 2021. "Riding the waves of family firm internationalization: A systematic literature review, integrative framework, and research agenda," Journal of World Business, Elsevier, vol. 56(1).
    48. Qun Tan & Carlos M. P. Sousa, 2019. "Why Poor Performance is Not Enough for a Foreign Exit: The Importance of Innovation Capability and International Experience," Management International Review, Springer, vol. 59(3), pages 465-498, June.
    49. Surdu, Irina & Narula, Rajneesh, 2021. "Organizational learning, unlearning and re-internationalization timing: Differences between emerging- versus developed-market MNEs," Journal of International Management, Elsevier, vol. 27(3).
    50. Michele Bernini & Jun Du & James H. Love, 2016. "Explaining intermittent exporting: Exit and conditional re-entry in export markets," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(9), pages 1058-1076, December.
    51. Yayla, Serdar & Yeniyurt, Sengun & Uslay, Can & Cavusgil, Erin, 2018. "The role of market orientation, relational capital, and internationalization speed in foreign market exit and re-entry decisions under turbulent conditions," International Business Review, Elsevier, vol. 27(6), pages 1105-1115.
    52. Jean-Luc Arregle & Francesco Chirico & Liena Kano & Sumit K. Kundu & Antonio Majocchi & William S. Schulze, 2021. "Family firm internationalization: Past research and an agenda for the future," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1159-1198, August.
    53. Arte, Pratik & Larimo, Jorma, 2019. "Taking stock of foreign divestment: Insights and recommendations from three decades of contemporary literature," International Business Review, Elsevier, vol. 28(6), pages 1-1.
    54. José Mata & Ernesto Freitas, 2012. "Foreignness and exit over the life cycle of firms," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 43(7), pages 615-630, September.
    55. Loane, Sharon & Bell, Jim & Cunningham, Isobel, 2014. "Entrepreneurial founding team exits in rapidly internationalising SMEs: A double edged sword," International Business Review, Elsevier, vol. 23(2), pages 468-477.
    56. Jean J Boddewyn, 1979. "Foreign Divestment: Magnitude and Factors," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 10(1), pages 21-26, March.
    57. Faccio, Mara & Lang, Larry H. P., 2002. "The ultimate ownership of Western European corporations," Journal of Financial Economics, Elsevier, vol. 65(3), pages 365-395, September.
    58. Graves, Chris & Shi, Henry X. & Barbera, Francesco, 2022. "Family-centred non-economic goals and the internationalisation of family firms: Evidence from Australia," International Business Review, Elsevier, vol. 31(4).
    59. Daomi Lin & Jiangyong Lu & Xiaohui Liu & Xiru Zhang, 2016. "International knowledge brokerage and returnees’ entrepreneurial decisions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(3), pages 295-318, April.
    60. John James Cater & Marilyn Young, 2022. "Successfully Preparing Daughters As Successors In Family Firms," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 27(03), pages 1-27, September.
    61. Jean-Luc Arrègle & Patricio Duran & Michael A. Hitt & Marc van Essen, 2017. "Why Is Family Firms' Internationalization Unique? A Meta-Analysis," Post-Print hal-02311886, HAL.
    62. Francesco Chirico & Giuseppe Criaco & Massimo Baù & Lucia Naldi & Luis R. Gomez-Mejia & Josip Kotlar, 2020. "To patent or not to patent: That is the question. Intellectual property protection in family firms," Entrepreneurship Theory and Practice, , vol. 44(2), pages 339-367, March.
    63. Bargoni, Augusto & Alon, Ilan & Ferraris, Alberto, 2023. "A systematic review of family business and consumer behaviour," Journal of Business Research, Elsevier, vol. 158(C).
    64. Patricio Duran & Marcelo Ortiz, 2020. "When More Is Better: Multifamily Firms and Firm Performance," Entrepreneurship Theory and Practice, , vol. 44(4), pages 761-783, July.
    65. Susan Marlow & Janine Swail, 2014. "Gender, risk and finance: why can't a woman be more like a man?," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 26(1-2), pages 80-96, April.
    66. Bauweraerts, Jonathan & Sciascia, Salvatore & Naldi, Lucia & Mazzola, Pietro, 2019. "Family CEO and board service: Turning the tide for export scope in family SMEs," International Business Review, Elsevier, vol. 28(5), pages 1-1.
    67. Klaus E Meyer & Yuan Ding & Jing Li & Hua Zhang, 2014. "Overcoming distrust: How state-owned enterprises adapt their foreign entries to institutional pressures abroad," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 45(8), pages 1005-1028, October.
    68. Shige Makino & Christine M. Chan & Takehiko Isobe & Paul W. Beamish, 2007. "Intended and unintended termination of international joint ventures," Strategic Management Journal, Wiley Blackwell, vol. 28(11), pages 1113-1132, November.
    69. Park, Hyeyoun & Chung, Chris Changwha, 2019. "The role of subsidiary learning behavior and absorptive capacity in foreign subsidiary expansion," International Business Review, Elsevier, vol. 28(4), pages 685-695.
    70. Hopenhayn, Hugo A, 1992. "Entry, Exit, and Firm Dynamics in Long Run Equilibrium," Econometrica, Econometric Society, vol. 60(5), pages 1127-1150, September.
    71. Franz W. Kellermanns & Kimberly A. Eddleston & Thomas M. Zellweger, 2012. "Article Commentary: Extending the Socioemotional Wealth Perspective: A Look at the Dark Side," Entrepreneurship Theory and Practice, , vol. 36(6), pages 1175-1182, November.
    72. Luis R. Gomez‐Mejia & Marianna Makri & Martin Larraza Kintana, 2010. "Diversification Decisions in Family‐Controlled Firms," Journal of Management Studies, Wiley Blackwell, vol. 47(2), pages 223-252, March.
    73. Michele Bernini & Jun Du & James H. Love, 2016. "Explaining intermittent exporting: Exit and conditional re-entry in export markets," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 47(9), pages 1151-1151, December.
    74. Segaro, Ethiopia L. & Larimo, Jorma & Jones, Marian V., 2014. "Internationalisation of family small and medium sized enterprises: The role of stewardship orientation, family commitment culture and top management team," International Business Review, Elsevier, vol. 23(2), pages 381-395.
    75. Heather Berry, 2013. "When Do Firms Divest Foreign Operations?," Organization Science, INFORMS, vol. 24(1), pages 246-261, February.
    76. Chi-Nien Chung & Xiaowei Luo, 2008. "Institutional Logics or Agency Costs: The Influence of Corporate Governance Models on Business Group Restructuring in Emerging Economies," Organization Science, INFORMS, vol. 19(5), pages 766-784, October.
    77. Majocchi, Antonio & D’Angelo, Alfredo & Forlani, Emanuele & Buck, Trevor, 2018. "Bifurcation bias and exporting: Can foreign work experience be an answer? Insight from European family SMEs," Journal of World Business, Elsevier, vol. 53(2), pages 237-247.
    78. Sui Sui & Matthias Baum & Shavin Malhotra, 2019. "How Home-Peers Affect the Export Market Exit of Small Firms: Evidence From Canadian Exporters," Entrepreneurship Theory and Practice, , vol. 43(5), pages 1018-1045, September.
    79. Calabrò, Andrea & Torchia, Mariateresa & Pukall, Thilo & Mussolino, Donata, 2013. "The influence of ownership structure and board strategic involvement on international sales: The moderating effect of family involvement," International Business Review, Elsevier, vol. 22(3), pages 509-523.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ryan W. Tang & Ying Zhu & Hongbo Cai & Jinrong Han, 2021. "De-internationalization: A Thematic Review and the Directions Forward," Management International Review, Springer, vol. 61(3), pages 267-312, June.
    2. Wu, Sihong & Chirico, Francesco & Fan, Di & Ding, Jiayan & Su, Yiyi, 2024. "Foreign market exit in family firms: Do historical military and cultural frictions matter?," Journal of World Business, Elsevier, vol. 59(1).
    3. Sousa, Carlos M.P. & He, Xinming & Lengler, Jorge & Tang, Linhan, 2021. "Foreign market re-entry: A review and future research directions," Journal of International Management, Elsevier, vol. 27(2).
    4. Fourné, Sebastian P.L. & Zschoche, Miriam & Schwens, Christian & Kotha, Reddi, 2023. "Multinational family firms’ internationalization depth and breadth following the global financial crisis," Journal of World Business, Elsevier, vol. 58(3).
    5. Danchi Tan & Weichieh Su & Joseph T. Mahoney & Yasemin Kor, 2020. "A review of research on the growth of multinational enterprises: A Penrosean lens," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(4), pages 498-537, June.
    6. Arregle, Jean-Luc & Calabrò, Andrea & Hitt, Michael A. & Kano, Liena & Schwens, Christian, 2024. "Family business and international business: Breaking silos and establishing a rigorous way forward," Journal of World Business, Elsevier, vol. 59(3).
    7. Ganotakis, Panagiotis & Konara, Palitha & Kafouros, Mario & Love, James H., 2022. "Taking a time-out from exporting: Implications for the likelihood of export re-entry and re-entry export performance," Journal of World Business, Elsevier, vol. 57(5).
    8. Castellões, Bernardo & Silva-Rêgo, Bernardo & Dib, Luís Antônio, 2023. "Understanding divestment from an Uppsala school perspective," Journal of International Management, Elsevier, vol. 29(5).
    9. Jean-Luc Arregle & Francesco Chirico & Liena Kano & Sumit K. Kundu & Antonio Majocchi & William S. Schulze, 2021. "Family firm internationalization: Past research and an agenda for the future," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1159-1198, August.
    10. Schmid, David & Morschett, Dirk, 2020. "Decades of research on foreign subsidiary divestment: What do we really know about its antecedents?," International Business Review, Elsevier, vol. 29(4).
    11. Pongelli, Claudia & Majocchi, Antonio & Bauweraerts, Jonathan & Sciascia, Salvatore & Caroli, Matteo & Verbeke, Alain, 2023. "The impact of board of directors’ characteristics on the internationalization of family SMEs," Journal of World Business, Elsevier, vol. 58(2).
    12. Fuentes-Lombardo, Guadalupe & Sanchez-Famoso, Valeriano & Cano-Rubio, Myriam, 2023. "Reasons for internationalisation of family business," Journal of Family Business Strategy, Elsevier, vol. 14(4).
    13. Kerai, Anita & Kumar, Vikas & Singla, Chitra, 2023. "Impact of TMT structural power asymmetry on family firm internationalization," International Business Review, Elsevier, vol. 32(4).
    14. Gomez-Mejia, Luis R. & Mendoza-Lopez, Anabel & Cruz, Cristina & Duran, Patricio & Aguinis, Herman, 2024. "Socioemotional wealth in volatile, uncertain, complex, and ambiguous contexts: The case of family firms in Latin America and the Caribbean," Journal of Family Business Strategy, Elsevier, vol. 15(1).
    15. Tang, Ryan W., 2023. "Institutional unpredictability and foreign exit−reentry dynamics: The moderating role of foreign ownership," Journal of World Business, Elsevier, vol. 58(2).
    16. Kafouros, Mario & Cavusgil, S. Tamer & Devinney, Timothy M. & Ganotakis, Panagiotis & Fainshmidt, Stav, 2022. "Cycles of de-internationalization and re-internationalization: Towards an integrative framework," Journal of World Business, Elsevier, vol. 57(1).
    17. Nguyen, Ha Thi Thu & Larimo, Jorma & Ghauri, Pervez, 2022. "Understanding foreign divestment: The impacts of economic and political friction," Journal of Business Research, Elsevier, vol. 139(C), pages 675-691.
    18. Ozkan, Kubilay S.L., 2020. "International market exit by firms: Misalignment of strategy with the foreign market risk environment," International Business Review, Elsevier, vol. 29(6).
    19. Andrea Kuiken & Lucia Naldi & Mohamed Genedy, 2024. "Keeping One’s Options Open: Intermittent Exporting, Family Control, and Foreign Background," Entrepreneurship Theory and Practice, , vol. 48(5), pages 1160-1190, September.
    20. He, Xuan & Xiao, Weicheng, 2022. "What drives family SMEs to internationalize? An integrated perspective of community institutions and knowledge resources," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:iburev:v:33:y:2024:i:4:s0969593123001531. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/133/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.