INTERNATIONALIZATION IN TAIWANESE FAMILY FIRMS

Hsiang-Lan Chen

Global Journal of Business Research, 2011, vol. 5, issue 4, 15-23

Abstract: This paper studies the corporate internationalization decision of family firms and the effect of family ownership on internationalization. Using a panel data set of manufacturing firms listed on the Taiwan Stock Exchange during 2000–2007, the empirical results indicate that internationalization is positively and significantly related to family firms and family ownership. The findings suggest that, compared with non-family firms, family firms are more likely to internationalize. Additionally, compared with firms with lower family ownership, firms with higher family ownership are more likely to go international. The evidence is consistent with the argument that family firms may confer some unique features, and these features enable them to undertake risky, but profitable, internationalization.

Keywords: Family firms; family ownership; family board of directors; internationalization. (search for similar items in EconPapers)
JEL-codes: F23 G32 G34 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ibf:gjbres:v:5:y:2011:i:4:p:15-23

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