TY - GEN
T1 - Internationalization of Family Businesses: The Effect of Institutional Environment
AU - Kalhor, Elham
PY - 2022/9/14
Y1 - 2022/9/14
N2 - This dissertation contributes to the cross-section of international business and family businessstudies. It is undisputed that family businesses are important economic and social actors. Yet,studies in the context of family business internationalization fail to tackle fundamentalquestions on the drivers of family firms’ strategies and performance, including the effects ofinstitutions on family firms’ internationalization. Internationalization is considered a high risk(high reward) business strategy and family firms and nonfamily firms approach such activitiesdifferently due to differences in their objectives as well as their attitude towards risk.International business studies are mainly based on economic theories that tend to overlook thenon-economic elements associated with family-type governance. Comparative analyses thatuse firm-level characteristics only seem to arrive at conflicting results. The country-level andcontextual variables could provide a more conclusive view on the factors that support orhamper family firm internationalization. Hence, the institutional perspective is an appropriateframework to reconcile international business studies with family business studies as itaccounts for both economic and social institutions. This dissertation is based on four papers that together make up the contribution of this dissertation as a whole. The first paper conceptually examines how home country institutions and processes play an essential role in the internationalization of family firms. The second paper compares the internationalization of family businesses vis-a-vis nonfamily firms in four developing countries, namely, Egypt, Madagascar, Morocco and, Turkey. The third paper of this dissertation examines the impact of country context, more specifically of culture, on family business internationalization in China, Iran and, Sweden. Lastly, these investigations are followed by a systematic literature review on studies incorporating formal and informal institutional factors regarding family business internationalization. The first paper has conceptually examined how home country institutions and processes play an essential role in family firms’ internationalization. The quantitative research design, pertaining to the second and third papers, constitutes a regression analysis that lends itself to a comparative approach among different countries and contexts. The common ground among thefour papers is the focus on the effects of various institutional environments on family and nonfamily businesses internationalization. Overall, the findings indicate that theinternationalization of family businesses can be promoted by a combination of relevant formal and informal institutions so that economic and noneconomic objectives align.
AB - This dissertation contributes to the cross-section of international business and family businessstudies. It is undisputed that family businesses are important economic and social actors. Yet,studies in the context of family business internationalization fail to tackle fundamentalquestions on the drivers of family firms’ strategies and performance, including the effects ofinstitutions on family firms’ internationalization. Internationalization is considered a high risk(high reward) business strategy and family firms and nonfamily firms approach such activitiesdifferently due to differences in their objectives as well as their attitude towards risk.International business studies are mainly based on economic theories that tend to overlook thenon-economic elements associated with family-type governance. Comparative analyses thatuse firm-level characteristics only seem to arrive at conflicting results. The country-level andcontextual variables could provide a more conclusive view on the factors that support orhamper family firm internationalization. Hence, the institutional perspective is an appropriateframework to reconcile international business studies with family business studies as itaccounts for both economic and social institutions. This dissertation is based on four papers that together make up the contribution of this dissertation as a whole. The first paper conceptually examines how home country institutions and processes play an essential role in the internationalization of family firms. The second paper compares the internationalization of family businesses vis-a-vis nonfamily firms in four developing countries, namely, Egypt, Madagascar, Morocco and, Turkey. The third paper of this dissertation examines the impact of country context, more specifically of culture, on family business internationalization in China, Iran and, Sweden. Lastly, these investigations are followed by a systematic literature review on studies incorporating formal and informal institutional factors regarding family business internationalization. The first paper has conceptually examined how home country institutions and processes play an essential role in family firms’ internationalization. The quantitative research design, pertaining to the second and third papers, constitutes a regression analysis that lends itself to a comparative approach among different countries and contexts. The common ground among thefour papers is the focus on the effects of various institutional environments on family and nonfamily businesses internationalization. Overall, the findings indicate that theinternationalization of family businesses can be promoted by a combination of relevant formal and informal institutions so that economic and noneconomic objectives align.
U2 - 10.21996/4x57-cm46
DO - 10.21996/4x57-cm46
M3 - Ph.D. thesis
PB - Syddansk Universitet. Det Samfundsvidenskabelige Fakultet
ER -