To export or to FDI? A configurational approach to family firm internationalization

Maria Lapeira, Georges Samara, Sumit Kundu and Arun Kumaraswamy

Journal of World Business, 2024, vol. 59, issue 2

Abstract: Using socioemotional wealth, this study advances our understanding of the various internationalization strategies family businesses adopt by exploring the governance and resource configurations that exist when family firms pursue distinct internationalization strategies. Using fuzzy-set qualitative comparative analysis (FsQCA) on a sample of 775 Colombian family firms, our findings reveal a distinct set of resource and governance configurations that are present when family firms engage in less risky internationalization strategies such as exports, or in more risky internationalization strategies such as foreign direct investments (FDIs). The paper concludes with a discussion of theoretical and practical implications.

Keywords: Family firm; Internationalization; Socioemotional wealth; Fuzzy-set qualitative comparative analysis (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (2)

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DOI: 10.1016/j.jwb.2023.101506

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