 Family ownership and internationalization of family firms: An S-curve hypothesisAsimabha Bhowmick, Arindam Mondal and Somnath Lahiri Journal of Business Research, 2024, vol. 185, issue C 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%. Keywords: Internationalization; Family firm; Family ownership; Mixed gamble; S-curve relationship; Socioemotional wealth (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jbrese:v:185:y:2024:i:c:s0148296324004429 DOI: 10.1016/j.jbusres.2024.114938 Access Statistics for this article Journal of Business Research is currently edited by A. G. Woodside More articles in Journal of Business Research from Elsevier |
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