Title

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

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Jun 23rd, 4:10 PM Jun 23rd, 4:30 PM

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