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Review of Managerial Science

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01.01.2014 | Original Paper

Internationalization of family firms: the effect of ownership and governance

verfasst von: Christine Mitter, Christine Duller, Birgit Feldbauer-Durstmüller, Sascha Kraus

Erschienen in: Review of Managerial Science | Ausgabe 1/2014

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Abstract

Despite family firm’s dominant role in economies worldwide, there is little empirical knowledge on their internationalization. Drawing on a sample of Austrian firms, this paper investigates the impact of family influence and various governance factors on internationalization. The findings reveal an inverted U-shaped relationship between family influence and internationalization. Family firms with medium family influence are the most internationally active companies. This indicates that concerning internationalization the advantages of being a family firm are highest when the family’s ownership share and involvement in management and governance boards is not too extensive. Additionally, neither the incumbent generation, nor the level of non-family executives in the management board, nor the existence of a supervisory board has a significant influence on going international. Since advisory boards seem to foster internationalization, they might be an adjuvant means of equipping family firms with the necessary capabilities, know-how and contacts to operate internationally.

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Titel: Internationalization of family firms: the effect of ownership and governance
verfasst von: Christine Mitter
Christine Duller
Birgit Feldbauer-Durstmüller
Sascha Kraus
Publikationsdatum: 01.01.2014
Verlag: Springer Berlin Heidelberg
Erschienen in: Review of Managerial Science / Ausgabe 1/2014
Print ISSN: 1863-6683
Elektronische ISSN: 1863-6691
DOI: https://doi.org/10.1007/s11846-012-0093-x

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