Influence of Family Involvement on Family Firm Internationalization: The Moderating Effects of Industrial and Institutional Environments
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Research Center for the Economy of the Upper Reaches of the Yangtze River, Chongqing Technology and Business University, Chongqing 400067, China
2
School of Management, Chongqing Technology and Business University, Chongqing 400067, China
3
School of Marxism, Chongqing Technology and Business University, Chongqing 400067, China
*
Author to whom correspondence should be addressed.
Sustainability 2019, 11(20), 5721; https://doi.org/10.3390/su11205721
Received: 8 September 2019
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Revised: 11 October 2019
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Accepted: 11 October 2019
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Published: 16 October 2019
(This article belongs to the Special Issue FDI and Institutional Quality: New Insights and Future Perspectives from Emerging and Advanced Economies)
This paper aimed to explore the effects of family ownership and management on Chinese family firm internationalization, and to examine the moderating effects of environmental munificence, institutional environment, and political ties in this relationship. A questionnaire survey of 274 family firms in 8 provinces or municipalities in China was conducted to test the proposed hypotheses empirically. The results were as follows: First, family ownership and management positively impacted the depth and breadth of internationalization. Second, environmental munificence weakened the effect of family ownership on the depth of internationalization, as well as on the effect of family management on the breadth of internationalization, but intensified the effect of family management on the depth of internationalization. Third, the institutional environment intensified the effects of family management on the depth and breadth of internationalization. Finally, political ties weakened the effect of family management on the depth of internationalization, but intensified the effect of family ownership on the breadth of internationalization. The contributions and implications of this study are also discussed.
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Keywords:
family firm; internationalization; family involvement; environmental munificence; institutional environment; political ties
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MDPI and ACS Style
Zhou, L.; Han, Y.; Gou, C. Influence of Family Involvement on Family Firm Internationalization: The Moderating Effects of Industrial and Institutional Environments. Sustainability 2019, 11, 5721. https://doi.org/10.3390/su11205721
AMA Style
Zhou L, Han Y, Gou C. Influence of Family Involvement on Family Firm Internationalization: The Moderating Effects of Industrial and Institutional Environments. Sustainability. 2019; 11(20):5721. https://doi.org/10.3390/su11205721
Chicago/Turabian StyleZhou, Lixin, Yan Han, and Chaoli Gou. 2019. "Influence of Family Involvement on Family Firm Internationalization: The Moderating Effects of Industrial and Institutional Environments" Sustainability 11, no. 20: 5721. https://doi.org/10.3390/su11205721
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