The influencing factors of family business internationalization: a literature review
Abstract/Description
This literature review summarizes the family business internationalization literature. It is observed that globalization is pushing businesses to expand their boundaries and explore the international markets for profit maximization. However, in the case of a family-owned business, the internationalization process is not a simple one rather it requires a complex set of strategies and deliberations because many unique factors are at play that facilitate or inhibit this process. Over the years researchers have studied these factors using different approaches such as employing a wide range of theories i.e., Network Theory, Agency Theory, and Uppsala Model, etc. but this review observed that there is still a lack of consensus among the researchers about the impact of each factor. The review calls upon future researchers to bring in new insights from family businesses operating in developing countries to end this long ongoing debate. The role of systematic literature reviews, meta-synthesis studies, and other academic papers will be very important in the coming years to establish a conclusive agenda in the domain of family business internationalization
Track
Management
Session Number/Theme
Session 2B: Leadership and Workplace
Session Chair
Dr. Waheed Umrani, Institute of Business Administration, Karachi
Start Date/Time
23-6-2022 4:10 PM
End Date/Time
23-6-2022 4:30 PM
Location
Training Room 1, Marriott Hotel, Karachi
Recommended Citation
Aziz, T. (2022). The influencing factors of family business internationalization: a literature review. 3rd IBA SBS International Conference 2024. Retrieved from https://ir.iba.edu.pk/sbsic/2022/program/27
COinS
The influencing factors of family business internationalization: a literature review
Training Room 1, Marriott Hotel, Karachi
This literature review summarizes the family business internationalization literature. It is observed that globalization is pushing businesses to expand their boundaries and explore the international markets for profit maximization. However, in the case of a family-owned business, the internationalization process is not a simple one rather it requires a complex set of strategies and deliberations because many unique factors are at play that facilitate or inhibit this process. Over the years researchers have studied these factors using different approaches such as employing a wide range of theories i.e., Network Theory, Agency Theory, and Uppsala Model, etc. but this review observed that there is still a lack of consensus among the researchers about the impact of each factor. The review calls upon future researchers to bring in new insights from family businesses operating in developing countries to end this long ongoing debate. The role of systematic literature reviews, meta-synthesis studies, and other academic papers will be very important in the coming years to establish a conclusive agenda in the domain of family business internationalization
