Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Institutional Repository

Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/19960

Title: Internationalization of small family firms: the influence of family from a socioemotional wealth perspective
Authors: Scholes, Louise
Mustafa, Michael
Chen, Stephen
Issue Date: 2015
Publisher: © Wiley Periodicals, Inc
Citation: SCHOLES, L., MUSTAFA, M. and CHEN, S., 2015. Internationalization of small family firms: the influence of family from a socioemotional wealth perspective. Thunderbird International Business Review, 58(2), pp.131-146.
Abstract: We explore the factors influencing the internationalization of small family firms. Based on interviews with six family firms in Singapore, we highlight the importance of (1) family harmony, (2) trust in external relationships, (3) social and business networks, and (4) organizational resources and capabilities in the internationalization process. We show how the socioemotional wealth factors of trust and harmony affect networking and resources, which in turn affect internationalization. We find that initial internationalization through exports is enabled through trust in family networks, but the typical family characteristics of a desire to maintain family harmony and distrust of outsiders have a negative impact on network creation and resource development, which constrains the extent to which the firm internationalizes beyond exporting. In order to move from the first stage (exports/similar markets) to the second stage (joint ventures/different markets) of internationalization, less emphasis on trust and family harmony accompanied by more emphasis on building external networks and resources may be necessary. We propose a new model of internationalization of family firms based on our findings.
Description: Closed access until 17 June 2017
Version: Published
DOI: 10.1002/tie.21729
URI: https://dspace.lboro.ac.uk/2134/19960
Publisher Link: http://dx.doi.org/10.1002/tie.21729
ISSN: 1096-4762
Appears in Collections:Closed Access (Loughborough University London)

Files associated with this item:

File Description SizeFormat
FF Internationalization_MM-13-08.pdfAccepted version189.71 kBAdobe PDFView/Open


SFX Query

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.