Article ID Journal Published Year Pages File Type
5107152 Journal of World Business 2017 15 Pages PDF
Abstract
This paper examines the effect of government political ideology on internationalization of family-controlled firms (FCFs). FCFs tend to internationalize less than non-FCFs, because of their loss aversion and conservative concerns about maintaining the family's socioemotional wealth (SEW). We propose that FCFs' concerns related to internationalization are alleviated when the ideology of government (i.e., the set of values about society's goals) are aligned with FCFs' non-economic objectives (e.g., protecting SEW). Governments that subscribe to socially conservative and family-oriented ideology are viewed as particularly supportive of FCFs, which makes family owners feel safe and protected and more open to venturing into internationalization.
Related Topics
Social Sciences and Humanities Business, Management and Accounting Business and International Management
Authors
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