Family Firms Venturing into International Markets: A Resource Dependence Perspectice

Babson College Entrepreneurship Research Conference (BCERC) 2008

Frontiers of Entrepreneurship Research 2008

18 Pages Posted: 5 Mar 2009

See all articles by Lucia Naldi

Lucia Naldi

Jonkoping University - Jonkoping International Business School (JIBS)

Mattias Nordqvist

Jonkoping University - Jonkoping International Business School (JIBS); Babson College - Arthur M. Blank Center for Entrepreneurship

Abstract

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.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

Naldi, Lucia and Nordqvist, Mattias, Family Firms Venturing into International Markets: A Resource Dependence Perspectice. Babson College Entrepreneurship Research Conference (BCERC) 2008; Frontiers of Entrepreneurship Research 2008. Available at SSRN: https://ssrn.com/abstract=1348242

Lucia Naldi (Contact Author)

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Mattias Nordqvist

Jonkoping University - Jonkoping International Business School (JIBS) ( email )

Jönköping, 55111
Sweden

Babson College - Arthur M. Blank Center for Entrepreneurship

231 Forest Street
Babson Park, MA 02457-0310
United States

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