The Role of Inward FDI and Family Firm Heterogeneity on Foreign Location Choice: Evidence from India

IF 3.9 3区管理学 Q2 MANAGEMENT

Management International Review Pub Date : 2024-04-12 DOI:10.1007/s11575-024-00535-7

Arindam Mondal, Somnath Lahiri

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Abstract

The purpose of this study is to examine the internal and external factors that influence the location choice decision of family firms. Drawing on two streams of literature—family firm and international business—we investigate the role that inward FDI (IFDI) and firm’s heterogeneity (ownership structure and management type) play in the location choice of family firms. Our analysis of a large sample of family firms (N = 278) from India suggests that IFDI is positively associated with a greater likelihood of advanced economy location choice compared to the choice of emerging economies. Our results also reveal that the relationship between IFDI and advanced economy location choice is stronger for family-controlled firms than for family-influenced firms. In addition, results demonstrate that within family-controlled firms, the above positive relationship is stronger for firms that are professionally-managed than for firms that are family-managed. The study concludes by explaining the theoretical and managerial implications of the findings and highlighting avenues of future research.

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内向外国直接投资和家族企业异质性对国外区位选择的作用：来自印度的证据

本研究旨在探讨影响家族企业区位选择决策的内部和外部因素。我们借鉴了家族企业和国际商业两方面的文献，研究了外来直接投资（IFDI）和企业的异质性（所有权结构和管理类型）在家族企业的区位选择中所起的作用。我们对来自印度的大量家族企业样本（N = 278）进行的分析表明，与选择新兴经济体相比，IFDI 与选择发达经济体区位的可能性更大呈正相关。我们的研究结果还显示，与受家族影响的企业相比，由家族控制的企业的国际直接投资与先进经济体区位选择之间的关系更为密切。此外，结果表明，在家族控制的企业中，专业管理的企业比家族管理的企业的上述正相关关系更强。研究最后解释了研究结果的理论和管理意义，并强调了未来的研究方向。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Management International Review MANAGEMENT-

CiteScore

6.50

自引率

11.60%

发文量

期刊介绍： Management International Review publishes research-based articles that reflect significant advances in the key areas of International Management. Its target audience consists of scholars in International Business Administration. Management International Review is a double-blind refereed journal that aims at the advancement and dissemination of research in the fields of International Management. The scope of the journal comprises International Business, Cross-Cultural Management, and Comparative Management. The journal publishes research that builds or extends International Management theory so that it can contribute to International Management practice. Management International Review welcomes both theoretical and empirical work. Original papers are invited that are based on a solid theoretical basis and a rigorous methodology. In the area of empirical studies, the journal publishes both quantitative and qualitative research. To be published in Management International Review, a paper must make strong contributions and highlight the significance of those contributions to the field of International Management. The editors are especially interested in manuscripts that break new ground rather than papers that make only incremental contributions. Management International Review publishes articles and research notes. Every year, six issues are published. On average, two of these issues are Focused Issues, which concentrate on a specific subfield of International Management.