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Disentangling the drivers of family firms internationalization through the lens of socioemotional wealth

Fynn-Willem Lohe (), Andrea Calabrò () and Mariateresa Torchia ()
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Fynn-Willem Lohe: CAEF
Andrea Calabrò: IPAG Business School
Mariateresa Torchia: International University of Monaco, INSEEC U Research Center

Journal of International Entrepreneurship, 2021, vol. 19, issue 4, No 2, 479-509

Abstract: Abstract By conducting a case study on eight large family firms, the aim of this article is to identify push and pull factors motivating family firms to internationalize and how they relate to decision-makers’ risk taking. We identified different types of internationalizing family firms. While some are pushed towards international markets by competition and put at risk the stock of affect-related value that the family has invested in the firm (socioemotional wealth), others face a “mixed gamble” of push and pull factors especially when they are led by non-family managers.

Keywords: Family firms; Internationalization; Case study; Push and pull factors; Risk-taking; Socioemotional wealth (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/s10843-021-00284-w

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