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Disentangling the drivers of family firms internationalization through the lens of socioemotional wealth

Author

Listed:
  • Fynn-Willem Lohe

    (CAEF
    University of Witten/Herdecke)

  • Andrea Calabrò

    (IPAG Business School)

  • Mariateresa Torchia

    (International University of Monaco, INSEEC U Research Center)

Abstract

By conducting a case study on eight large family firms, the aim of this article is to identify push and pull factors motivating family firms to internationalize and how they relate to decision-makers’ risk taking. We identified different types of internationalizing family firms. While some are pushed towards international markets by competition and put at risk the stock of affect-related value that the family has invested in the firm (socioemotional wealth), others face a “mixed gamble” of push and pull factors especially when they are led by non-family managers.

Suggested Citation

  • 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.
    • Handle: RePEc:kap:jinten:v:19:y:2021:i:4:d:10.1007_s10843-021-00284-w
    DOI: 10.1007/s10843-021-00284-w
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    3. 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).
    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. Mattias Sandgren & Timur Uman & Mattias Nordqvist, 2023. "Accountants in family firms—a systematic literature review," Small Business Economics, Springer, vol. 61(1), pages 349-388, June.

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