The business family as an institutional arbitrageur: Internationalization across institutional contexts

IF 8.9 1区管理学 Q1 BUSINESS Journal of World Business Pub Date : 2023-11-20 DOI:10.1016/j.jwb.2023.101507

Ramzi Fathallah , Michael Carney

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Abstract

Much research on family business internationalization centers on the firm but is inattentive to the family behind the firm. We examine how business families internationalize from unstable and fragile institutions. Based on a qualitative multi-case study, we theorize business families as institutional arbitrageurs who facilitate international transactions between incompatible institutional contexts to create and preserve value in international markets while adapting to the unstable and fragile home institutional environment. Our findings suggest a three-stage internationalization process representing a cumulative and varied pattern of arbitrage practices at the level of the enterprise, extended family, and individual family members. Thus, we theorize the unique aspects of the family as a hypermobile international structure with international interests, relationships, and presence. Our findings also highlight the role of individual family members during internationalization. Our study contributes to the literature on business family internationalization and institutional arbitrage.

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作为制度套利者的企业家族:跨制度背景的国际化

许多关于家族企业国际化的研究都集中在企业上，而忽视了企业背后的家族。我们研究了企业家族如何从不稳定和脆弱的机构中走向国际化。基于定性的多案例研究，我们将企业家族理论化为机构套利者，他们促进不相容制度背景下的国际交易，在适应不稳定和脆弱的国内制度环境的同时，在国际市场上创造和保持价值。我们的研究结果表明，国际化过程分为三个阶段，代表了企业、大家庭和个体家庭成员层面上套利行为的累积和变化模式。因此，我们将家庭的独特方面理论化为具有国际利益、关系和存在的高度流动的国际结构。我们的研究结果也强调了个体家庭成员在国际化过程中的作用。本文的研究对企业家族国际化和制度套利的研究文献有所贡献。

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来源期刊

Journal of World Business BUSINESS-

CiteScore

16.50

自引率

11.20%

发文量

期刊介绍： The Journal of World Business holds a distinguished position as a leading publication within the realm of International Business. Rooted in a legacy dating back to 1965, when it was established as the Columbia Journal of World Business, JWB is committed to disseminating cutting-edge research that reflects significant advancements in the field. The journal actively seeks submissions that propel new theoretical frameworks and innovative perspectives on International Business phenomena. Aligned with its domain statement, submissions are expected to possess a clear multinational, cross-border, or international comparative focus, while remaining pertinent to the study of management and organizations. JWB particularly encourages submissions that challenge established theories or assumptions, presenting pioneering or counterintuitive findings. With an inclusive approach, the journal welcomes contributions from diverse conceptual and theoretical traditions, encompassing allied social sciences and behavioral sciences. Submissions should either develop new theories or rigorously test existing ones, employing a variety of qualitative, quantitative, or other methodological approaches. While JWB primarily caters to scholars and researchers, it values contributions that explore implications for Multinational Enterprises and their management, as well as ramifications for public policy and the broader societal role of business.