Drawing on resource dependence theory, we expect the degree of openness/closeness in the governance of family businesses to influence their internationalization. We find that external ownership increases the scale and the scope of the firm’s international operations. An external CEO and larger TMTs enhance the scale of a family firm’s international operations, but not the scope of international operations. Conversely, external board members enhance the scope of international operations, but not the scale. These results encourage further looks into the resources that non-family actors bring to the family business and their effects on different dimensions of internationalization.
OFFICE OF ADVOCACY, U.S. SMALL BUSINESS ADMINISTRATION AWARD FOR THE BEST PAPER EXPLORING THE IMPORTANCE OF SMALL BUSINESSES TO THE U.S. ECONOMY OR A PUBLIC POLICY ISSUE OF IMPORTANCE TO THE ENTREPRENEURIAL COMMUNITY
Naldi, Lucia and Nordqvist, Mattias
"FAMILY FIRMS VENTURING INTO INTERNATIONAL MARKETS: A RESOURCE DEPENDENCE PERSPECTIVE,"
Frontiers of Entrepreneurship Research: Vol. 28
, Article 1.
Available at: https://digitalknowledge.babson.edu/fer/vol28/iss14/1