Political ideologies and internationalization of family firms in emerging markets: The Case of Chile.

Item Type Journal paper
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.

Authors Duran, Patricio; Kostova, Tatiana & Van Essen, Marc
Journal or Publication Title Journal of World Business
Language English
Subjects business studies
HSG Classification contribution to scientific community
Refereed Yes
Date 2017
Publisher Elsevier
Place of Publication Amsterdam [u.a.]
Volume 52
Number 4
Page Range 474-488
ISSN 1090-9516
ISSN-Digital 1878-5573
Publisher DOI 10.1016/j.jfbs.2017.06.001
Depositing User Prof. Dr. Marc van Essen
Date Deposited 08 Aug 2016 13:32
Last Modified 28 Nov 2018 13:40
URI: https://www.alexandria.unisg.ch/publications/248963

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Citation

Duran, Patricio; Kostova, Tatiana & Van Essen, Marc (2017) Political ideologies and internationalization of family firms in emerging markets: The Case of Chile. Journal of World Business, 52 (4). 474-488. ISSN 1090-9516

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https://www.alexandria.unisg.ch/id/eprint/248963
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