Internationalization of family firms on innovation: Moderating impact of socioemotional wealth and institutional environment
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View abstract on PubMed
Summary
This summary is machine-generated.Internationalization depth hinders family firm innovation, while breadth enhances it. Family control and succession intentions moderate these effects, with institutional environment playing a key role.
Area Of Science
- Business Administration
- International Business
- Innovation Management
Background
- Limited research exists on internationalization's impact on family firm innovation.
- Family firms possess unique characteristics, such as socioemotional wealth (SEW), influencing strategic decisions.
- The regional institutional environment can shape firm-level internationalization and innovation outcomes.
Purpose Of The Study
- To investigate the influence of internationalization depth and breadth on family firm innovation.
- To analyze the moderating roles of socioemotional wealth (SEW) and regional institutional environment.
- To examine how family control and transgenerational succession intentions affect the internationalization-innovation relationship.
Main Methods
- A quantitative study using questionnaire surveys.
- Sample comprised 253 family firms across eight Chinese provinces/municipalities.
- Statistical analysis to test hypothesized relationships.
Main Results
- Internationalization depth had a negative effect on innovation; breadth had a positive effect.
- High family control amplified the negative impact of depth; low succession intention amplified the positive impact of breadth.
- A developed institutional environment strengthened the internationalization-innovation link.
Conclusions
- Internationalization strategies must be tailored to family firm specifics (control, succession).
- The institutional context is crucial for understanding internationalization and innovation dynamics in family firms.
- Findings offer practical insights for family firms pursuing internationalization and innovation.
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