Abstract
| Original language | English |
|---|---|
| Pages (from-to) | 400-421 |
| Number of pages | 22 |
| Journal | International Journal of Entrepreneurial Venturing |
| Volume | 8 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 2016 |
Keywords
- Family firms
- Internationalisation
- Social capital
- Stewardship theory
- Trustworthiness
- Family business
- Austria
- Stewardship culture
- Risk aversion
- Resource constraints
- Perceived risk
Fingerprint
Dive into the research topics of 'The role of stewardship in the internationalisation of family firms'. Together they form a unique fingerprint.Cite this
- APA
- Author
- BIBTEX
- Harvard
- Standard
- RIS
- Vancouver
}
In: International Journal of Entrepreneurial Venturing, Vol. 8, No. 4, 2016, p. 400-421.
Research output: Contribution to journal › Article › peer-review
TY - JOUR
T1 - The role of stewardship in the internationalisation of family firms
AU - Mitter, C.
AU - Emprechtinger, S.
N1 - Cited By :10 Export Date: 14 December 2023 Correspondence Address: Mitter, C.; Salzburg University of Applied Sciences, Urstein Sued 1, Austria; email: [email protected] References: Agndal, H., Chetty, S., The impact of relationships on changes in internationalisation strategies of SMEs (2007) European Journal of Marketing, 41 (11-12), pp. 1449-1474; Agndal, H., Chetty, S., Wilson, H., Social capital dynamics and foreign market entry (2008) International Business Review, 17 (6), pp. 663-675; Arregle, J.-L., Hitt, M.A., Sirmon, D.G., Very, P., The development of organizational social capital: Attributes of family firms (2007) Journal of Management Studies, 44 (1), pp. 73-95; Arregle, J.-L., Naldi, L., Nordqvist, M., Hitt, M.A., Internationalization of family-controlled firms: A study of the effects of external involvement in governance (2012) Entrepreneurship Theory & Practice, 36 (6), pp. 1115-1143; Calabrò, A., Mussolino, D., How do boards of directors contribute to family SME export intensity? the role of formal and informal governance mechanisms (2013) Journal of Management & Governance, 17 (2), pp. 363-403; Calabrò, A., Brogi, M., Torchia, M., What does really matter in the internationalization of small and medium-sized family businesses? (2015) Journal of Small Business Management, , forthcoming; Cesinger, B., Bouncken, R., Fredrich, V., Kraus, S., The alchemy of family enterprises' internationalisation: Dexterous movers or prodigal laggards? (2014) European Journal of International Management, 8 (6), pp. 671-696; Chrisman, J.J., Chua, J.H., Steier, L., Sources and consequences of distinctive familiness: An introduction (2005) Entrepreneurship Theory & Practice, 29 (3), pp. 237-247; Claver, E., Rienda, L., Quer, D., The internationalisation process in family firms: Choice of market entry strategies (2007) Journal of General Management, 33 (1), pp. 1-14; Claver, E., Rienda, L., Quer, D., Family firms' international commitment: The influence of family-related factors (2009) Family Business Review, 22 (2), pp. 125-135; Coviello, N.E., Munro, H.J., Growing the entrepreneurial firm: Networking for international market development (1995) European Journal of Marketing, 29 (7), pp. 49-61; Davis, J.H., Allen, M.R., Hayes, D.H., Is blood thicker than water? A study of stewardship perceptions in family business (2010) Entrepreneurship Theory & Practice, 34 (6), pp. 1093-1116; Davis, J.H., Schoorman, F.D., Donaldson, L., Toward a stewardship theory of management (1997) Academy of Management Review, 22 (1), pp. 20-47; Eisenhardt, K.M., Building theories from case study research (1989) Academy of Management Review, 14 (4), pp. 532-550; Fernàndez, Z., Nieto, M.J., Internationalization strategy of small and medium-sized family businesses: Some influential factors (2005) Family Business Review, 18 (1), pp. 77-89; Gallo, M.A., Garcia Pont, C., Important factors in family business internationalization (1996) Family Business Review, 9 (1), pp. 45-59; Gallo, M.A., Sveen, J., Internationalizing the family business: Facilitating and restraining factors (1991) Family Business Review, 4 (2), pp. 181-190; George, G., Wiklund, J., Zahra, S.A., Ownership and the internationalization of small firms (2005) Journal of Management, 31 (2), pp. 210-233; Gomez-Mejia, L.R., Makri, M., Larraza Kintana, M., Diversification decisions in family-controlled firms (2010) Journal of Management Studies, 47 (2), pp. 223-252; Gomez-Mejia, L.R., Takàcs Haynes, K., Núñez-Nickel, M., Jacobson, K.J.L., Moyano-Fuentes, J., Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills (2007) Administrative Science Quarterly, 52 (1), pp. 106-137; Graves, C., Shan, Y.C., An empirical analysis of the effect of internationalization on the performance of unlisted family and nonfamily firms in Australia (2014) Family Business Review, 27 (2), pp. 142-160; Graves, C., Thomas, J., Determinants of the internationalization pathways of family firms: An examination of family influence (2008) Family Business Review, 21 (2), pp. 151-167; Habbershon, T.G., Williams, M.L., A resource-based framework for assessing the strategic advantages of family firms (1999) Family Business Review, 12 (1), pp. 1-25; Jack, S., Dodd, S.D., Anderson, A.R., Change and the development of entrepreneurial networks over time: A processual perspective (2008) Entrepreneurship & Regional Development, 20 (2), pp. 125-159; James, H.S., Jr., Owner as manager, extended horizons and the family firm (1999) International Journal of the Economics of Business, 6 (1), pp. 41-55; Johanson, J., Vahlne, J.-E., The internationalization process of the firm - A model of knowledge development and increasing foreign market commitments (1977) Journal of International Business Studies, 18 (1), pp. 23-32; Johanson, J., Vahlne, J.-E., Commitment and opportunity development in the internationalization process: A note on the Uppsala internationalization process model (2006) Management International Review, 46 (2), pp. 165-178; Kontinen, T., Ojala, A., Internationalization pathways of family SMEs: Psychic distance as a focal point (2010) Journal of Small Business and Enterprise Development, 17 (3), pp. 437-454; Kontinen, T., Ojala, A., The internationalization of family businesses: A review of extant research (2010) Journal of Family Business Strategy, 1 (2), pp. 97-107; Kontinen, T., Ojala, A., International opportunity recognition among small and medium-sized family firms (2011) Journal of Small Business Management, 49 (3), pp. 490-514; Kontinen, T., Ojala, A., Network ties in the international opportunity recognition of family SMEs (2011) International Business Review, 20 (4), pp. 440-453; Kontinen, T., Ojala, A., Social capital in relation to the foreign market entry and postentry operations of family SMEs (2011) Journal of International Entrepreneurship, 9 (2), pp. 133-151; Kontinen, T., Ojala, A., Social capital in the international operations of family SMEs (2012) Journal of Small Business and Enterprise Development, 19 (1), pp. 39-55; Kraus, S., Harms, R., Fink, M., Family firm research: Sketching a research field (2011) International Journal of Entrepreneurship and Innovation Management, 13 (1), pp. 32-47; Le Breton-Miller, I., Miller, D., Why do some family businesses out-compete? Governance, long-term orientations, and sustainable capability (2006) Entrepreneurship Theory & Practice, 30 (6), pp. 731-746; Le Breton-Miller, I., Miller, D., Agency vs. Stewardship in public family firms: A social embeddedness reconciliation (2009) Entrepreneurship Theory & Practice, 33 (6), pp. 1169-1191; Mandl, I., (2008) Overview of Family Business Relevant Issues, , Contract No. 30-CE-0164021/00-51, Final Report, Austrian Institute for SME Research, Vienna; McDougall, P.P., Oviatt, B.M., International entrepreneurship: The intersection of two research paths (2000) Academy of Management Journal, 43 (5), pp. 902-906; Mensching, H., Cesinger, B., Bouncken, R., Internationalisierung von Familienunternehmen -Zum aktuellen Forschungsstand in der betriebswirtschaftlichen Forschung (2015) Betriebswirtschaftliche Forschung und Praxis, 67 (2), pp. 180-197; Merino, F., Monreal-Pérez, J., Sànchez-Marín, G., Family SMEs' internationalization: Disentangling the influence of familiness on Spanish firms' export activity (2014) Journal of Small Business Management, , forthcoming; Miller, D., Le Breton-Miller, I., Management insights from great and struggling family businesses (2005) Long Range Planning, 38 (6), pp. 517-530; Miller, D., Le Breton-Miller, I., Family governance and firm performance: Agency, stewardship, and capabilities (2006) Family Business Review, 19 (1), pp. 73-87; Miller, D., Le Breton-Miller, I., Scholnick, B., Stewardship vs. Stagnation: An empirical comparison of small family and non-family businesses (2008) Journal of Management Studies, 45 (1), pp. 51-78; Mitter, C., Duller, C., Feldbauer-Durstmüller, B., The relations between governance and the internationalisation of SMEs: Evidence from medium-sized Austrian firms (2014) International Journal of Entrepreneurial Venturing, 6 (4), pp. 367-390; Mitter, C., Duller, C., Feldbauer-Durstmüller, B., Kraus, S., Internationalization of family firms: The effect of ownership and governance (2014) Review of Managerial Science, 8 (1), pp. 1-28; Muñoz-Bullón, F., Sànchez-Bueno, M.J., Do family ties shape the performance consequences of diversification? Evidence from the European Union (2012) Journal of World Business, 47 (3), pp. 469-477; Mustakallio, M., Autio, E., Zahra, S.A., Relational and contractual governance in family firms: Effects on strategic decision making (2002) Family Business Review, 15 (3), pp. 205-222; Nahapiet, J., Ghosal, S., Social capital, intellectual capital, and the organizational advantage (1998) Academy of Management Review, 23 (2), pp. 242-266; Naldi, L., Nordqvist, M., Sjöberg, K., Wiklund, J., Entrepreneurial orientation, risk taking, and performance in family firms (2007) Family Business Review, 20 (1), pp. 33-47; Pearson, A.W., Carr, J.C., Shaw, J.C., Toward a theory of familiness: A social capital perspective (2008) Entrepreneurship Theory & Practice, 32 (6), pp. 949-969; Puig, N., Fernàndez Peréz, P., A silent revolution: The internationalisation of large Spanish family firms (2009) Business History, 51 (3), pp. 462-483; Pukall, T., Calabrò, A., The internationalization of family firms: A critical review and integrative model (2014) Family Business Review, 27 (2), pp. 103-125; Qu, S.Q., Dumay, J., The qualitative research interview (2011) Qualitative Research in Accounting & Management, 8 (3), pp. 238-264; Rowley, J., Conducting research interviews (2012) Management Research Review, 35 (3-4), pp. 260-271; Sanchez-Bueno, M.J., Usero, B., How may the nature of family firms explain the decisions concerning international diversification? (2014) Journal of Business Research, 67 (7), pp. 1311-1320; Sapienza, H.J., Autio, E., George, G., Zahra, S.A., A capabilities perspective on the effects of early internationalization on firm survival and growth (2006) Academy of Management Review, 31 (4), pp. 914-933; Schulze, W.S., Lubatkin, M.H., Dino, R.N., Toward a theory of agency and altruism in family firms (2003) Journal of Business Venturing, 18 (4), pp. 473-490; Schulze, W.S., Lubatkin, M.H., Dino, R.N., Buchholtz, A.K., Agency relationships in family firms: Theory and evidence (2001) Organization Science, 12 (2), pp. 99-116; Sciascia, S., Mazzola, P., Astrachan, J.H., Pieper, T.M., The role of family ownership in international entrepreneurship: Exploring nonlinear effects (2012) Small Business Economics, 38 (1), pp. 15-31; Segaro, E., Internationalization of family SMEs: The impact of ownership, governance, and top management team (2012) Journal of Management and Governance, 16 (1), pp. 147-169; Segaro, E.L., Larimo, J., Jones, M.V., Internationalisation of family small and medium sized enterprises: The role of stewardship orientation, family commitment culture and top management team (2014) International Business Review, 23 (2), pp. 381-395; Shane, S., Cable, D., Network ties, reputation, and the financing of new ventures (2002) Management Science, 48 (3), pp. 364-381; Sirmon, D.G., Hitt, M.A., Managing resources: Linking unique resources, management, and wealth creation in family firms (2003) Entrepreneurship Theory & Practice, 27 (4), pp. 339-358; Sirmon, D.G., Arregle, J.-L., Hitt, M.A., Webb, J.W., The role of family influence in firms' strategic responses to threat of imitation (2008) Entrepreneurship Theory & Practice, 32 (6), pp. 979-998; Tsang, E.W.K., Internationalizing the family firm: A case study of a Chinese family business (2001) Journal of Small Business Management, 39 (1), pp. 88-94; Tsao, S.-M., Lien, W.-H., Family management and internationalization: The impact on firm performance and innovation (2013) Management International Review, 53 (2), pp. 189-213; Uhlaner, L.M., Floren, R.H., Geerlings, J.R., Owner commitment and relational governance in the privately-held firm: An empirical study (2007) Small Business Economics, 29 (3), pp. 275-293; Uzzi, B., The sources and consequences of embeddedness for the economic performance of organizations: The network effect (1996) American Sociological Review, 61 (4), pp. 674-698; Wolf, K., (2011) Internationalisierungsstrategien von Deutschen Familienunternehmen, , 1st ed., Eul, Lohmar, Köln; Xi, J.M., Kraus, S., Filser, M., Kellermanns, F.W., Mapping the field of family business research: Past trends and future directions (2015) International Entrepreneurship and Management Journal, 11 (1), pp. 113-132; Yin, R.K., (2011) Qualitative Research from Start to Finish, , Guilford Press, New York, NY; Yin, R.K., (2014) Case Study Research, Design and Methods, , 5th ed. Sage, Los Angeles, CA; Zahra, S.A., International expansion of U.S. Manufacturing family businesses: The effect of ownership and involvement (2003) Journal of Business Venturing, 18 (4), pp. 495-512; Zahra, S.A., Entrepreneurial risk taking in family firms (2005) Family Business Review, 18 (1), pp. 23-40; Zahra, S.A., Harvesting family firms' organizational social capital: A relational perspective (2010) Journal of Management Studies, 47 (2), pp. 345-366; Zahra, S.A., Hayton, J.C., Neubaum, D.O., Dibrell, C., Craig, J., Culture of family commitment and strategic flexibility: The moderating effect of stewardship (2008) Entrepreneurship Theory & Practice, 32 (6), pp. 1035-1054
PY - 2016
Y1 - 2016
N2 - Despite increasing scientific attention, research on how family firms' unique characteristics influence their internationalisation is still scarce. Among other particularities, they are coined by stewardship over continuity, employees and customers. Drawing on a multiple case study analysis of five Austrian family firms, the study explores the impact of mentioned stewardship dimensions on the propensity, process and success of internationalisation. The findings suggest a positive influence of the stewardship culture on family firms' propensity to internationalise. While their concern for continuity may initially - due to risk aversion and resource constraints - lead to an incremental and cautious approach, it also drives family firms to internationalise more sustainably. Since trustworthy international employees and business partners can reduce the perceived risk, they seem to be an essential precondition for internationalisation and impact the internationalisation pathways of family firms. Close relationships with international employees and partners also constitute a success factor for internationalisation. © Copyright 2016 Inderscience Enterprises Ltd.
AB - Despite increasing scientific attention, research on how family firms' unique characteristics influence their internationalisation is still scarce. Among other particularities, they are coined by stewardship over continuity, employees and customers. Drawing on a multiple case study analysis of five Austrian family firms, the study explores the impact of mentioned stewardship dimensions on the propensity, process and success of internationalisation. The findings suggest a positive influence of the stewardship culture on family firms' propensity to internationalise. While their concern for continuity may initially - due to risk aversion and resource constraints - lead to an incremental and cautious approach, it also drives family firms to internationalise more sustainably. Since trustworthy international employees and business partners can reduce the perceived risk, they seem to be an essential precondition for internationalisation and impact the internationalisation pathways of family firms. Close relationships with international employees and partners also constitute a success factor for internationalisation. © Copyright 2016 Inderscience Enterprises Ltd.
KW - Family firms
KW - Internationalisation
KW - Social capital
KW - Stewardship theory
KW - Trustworthiness
KW - Family business
KW - Austria
KW - Stewardship culture
KW - Risk aversion
KW - Resource constraints
KW - Perceived risk
U2 - 10.1504/IJEV.2016.082220
DO - 10.1504/IJEV.2016.082220
M3 - Article
SN - 1742-5360
VL - 8
SP - 400
EP - 421
JO - International Journal of Entrepreneurial Venturing
JF - International Journal of Entrepreneurial Venturing
IS - 4
ER -