Family business legitimacy and foreign subsidiary establishment mode choice: An institutional and mixed gamble approach

IF 6.1 1区管理学 Q1 BUSINESS

International Business Review Pub Date : 2024-10-28 DOI:10.1016/j.ibusrev.2024.102360

Jacqueline Lyons , Palitha Konara , Vikrant Shirodkar

引用次数: 0

Abstract

The internationalisation of family firms is increasingly argued to be influenced by institutions external to the firm. In this paper, drawing on institutional and mixed gamble theories, we argue that family firms' choice of foreign subsidiary establishment mode varies based on the degree of family business legitimacy (FBL) in their home and host countries. We propose that both the individual and combined effects of home and host FBL influence this choice. Additionally, we contend that cultural distance between the home and host countries moderates the aforementioned effect. Our hypotheses are tested using a sample of 147 family firms over the period 2011–2019. Overall, our research contributes to a greater understanding of the role of external institutions on the foreign subsidiary establishment mode choice of family firms.

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家族企业合法性与外资子公司设立模式选择：制度与混合博弈的视角

越来越多的人认为家族企业的国际化受到公司外部制度的影响。本文借鉴制度理论和混合赌博理论，认为家族企业在母国和东道国的家族企业合法性（FBL）程度不同，家族企业对海外子公司设立模式的选择也不同。我们认为，家庭和东道国联邦调查局的个体效应和综合效应都会影响这一选择。此外，我们认为，母国和东道国之间的文化距离缓和了上述影响。我们使用2011-2019年间147家家族企业的样本对我们的假设进行了检验。总体而言，我们的研究有助于更好地理解外部制度对家族企业海外子公司设立模式选择的作用。

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

International Business Review BUSINESS-

CiteScore

14.10

自引率

6.90%

发文量

审稿时长

62 days

期刊介绍： The International Business Review (IBR) stands as a premier international journal within the realm of international business and proudly serves as the official publication of the European International Business Academy (EIBA). This esteemed journal publishes original and insightful papers addressing the theory and practice of international business, encompassing a broad spectrum of topics such as firms' internationalization strategies, cross-border management of operations, and comparative studies of business environments across different countries. In essence, IBR is dedicated to disseminating research that informs the international operations of firms, whether they are SMEs or large MNEs, and guides the actions of policymakers in both home and host countries. The journal warmly welcomes conceptual papers, empirical studies, and review articles, fostering contributions from various disciplines including strategy, finance, management, marketing, economics, HRM, and organizational studies. IBR embraces methodological diversity, with equal openness to papers utilizing quantitative, qualitative, or mixed-method approaches.