{"title":"Family ownership and internationalization of family firms: An S-curve hypothesis","authors":"","doi":"10.1016/j.jbusres.2024.114938","DOIUrl":null,"url":null,"abstract":"<div><p>Despite the proliferation of scholarship on family firms the relationship between family ownership and internationalization is far from clear. Drawing on the mixed gamble logic and restricted versus extended socioemotional wealth (SEW) priority of family firms we propose an S-curve relationship. We hypothesize that internationalization decreases at a low level of family ownership, increases at a moderate level of family ownership, and decreases again at a high level of family ownership. This S-shaped relationship is the outcome of family owners’ assessment of different gains and losses associated with internationalization (mixed gamble) and their subsequent decision to support or oppose internationalization. Our analyses of 200 Indian firms from 2006 to 2020 time-period support our predictions and demonstrate that the inflection points in the S-curve appear at family ownership levels of 52% and 76%.</p></div>","PeriodicalId":15123,"journal":{"name":"Journal of Business Research","volume":null,"pages":null},"PeriodicalIF":10.5000,"publicationDate":"2024-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Business Research","FirstCategoryId":"91","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S0148296324004429","RegionNum":1,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
Despite the proliferation of scholarship on family firms the relationship between family ownership and internationalization is far from clear. Drawing on the mixed gamble logic and restricted versus extended socioemotional wealth (SEW) priority of family firms we propose an S-curve relationship. We hypothesize that internationalization decreases at a low level of family ownership, increases at a moderate level of family ownership, and decreases again at a high level of family ownership. This S-shaped relationship is the outcome of family owners’ assessment of different gains and losses associated with internationalization (mixed gamble) and their subsequent decision to support or oppose internationalization. Our analyses of 200 Indian firms from 2006 to 2020 time-period support our predictions and demonstrate that the inflection points in the S-curve appear at family ownership levels of 52% and 76%.
期刊介绍:
The Journal of Business Research aims to publish research that is rigorous, relevant, and potentially impactful. It examines a wide variety of business decision contexts, processes, and activities, developing insights that are meaningful for theory, practice, and/or society at large. The research is intended to generate meaningful debates in academia and practice, that are thought provoking and have the potential to make a difference to conceptual thinking and/or practice. The Journal is published for a broad range of stakeholders, including scholars, researchers, executives, and policy makers. It aids the application of its research to practical situations and theoretical findings to the reality of the business world as well as to society. The Journal is abstracted and indexed in several databases, including Social Sciences Citation Index, ANBAR, Current Contents, Management Contents, Management Literature in Brief, PsycINFO, Information Service, RePEc, Academic Journal Guide, ABI/Inform, INSPEC, etc.