Internationalisation and performance in familybusinesses: influence of the internationalisation pathfollowed Articles uri icon

authors

  • VARAS FUENTE, OSCAR JAVIER
  • Arguedas Sanz, Raquel

publication date

  • July 2022

start page

  • 185

end page

  • 209

issue

  • 2

volume

  • 46

International Standard Serial Number (ISSN)

  • 1476-1297

Electronic International Standard Serial Number (EISSN)

  • 1741-8054

abstract

  • Although many family businesses have chosen to undertake internationalisation processes, little is known about how the internationalisation-performance relationship is affected by the internationalisation path followed. This research is based on the theory of resources and capabilities, the unique set of business resources (familiness) and the socio-emotional wealth (SEW) perspective. Based on a set of panel data from the Spanish survey on business strategies for small and medium-sized Spanish family businesses from 2005 to 2015, fixed-effect regressions were run on a sample of 285 businesses that followed the traditional path and 107 that followed the accelerated path, finding an inverted U- haped curve for the traditional path and an inverted S-shaped curve for the accelerated path. Specifically, the accelerated path, not the traditional one, allows an increase in performance at higher levels of internationalisation.

subjects

  • Business
  • Economics

keywords

  • familiness; family businesses; internationalisation paths; internationalisation-performance relationship; resources and capabilities; socio-emotional wealth; sew