Family involvement and family firm internationalization: The moderating effects of board experience and geographical distance

Junsheng Dou, Gady Jacoby, Jialong Li, Youyi Su and Zhenyu Wu

Journal of International Financial Markets, Institutions and Money, 2019, vol. 59, issue C, 250-261

Abstract: Combining the resource-based view and the socio-emotional wealth perspective, we compile a sample of family-owned and -managed firms on the Standard and Poor’s (S&P) 500 Index and examine the effect of family involvement on firm internationalization. The results show that the presence of a family member chairing the board impedes internationalization, but that this negative effect is reduced when board members are highly experienced. We also find that cross-generational involvement in the business contributes to internationalization, and that this effect is more pronounced when firms internationalize to geographically distant rather than closer regions. The contributions and implications of this study are also discussed.

Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1042443118304529
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:59:y:2019:i:c:p:250-261

DOI: 10.1016/j.intfin.2018.12.004

Access Statistics for this article

Journal of International Financial Markets, Institutions and Money is currently edited by I. Mathur and C. J. Neely

More articles in Journal of International Financial Markets, Institutions and Money from Elsevier
Bibliographic data for series maintained by Catherine Liu ().