Family business internationalization The process and factors influencing the internationalization decision

Family business internationalization is an important research topic due to the significance of small and medium-sized family firms in the global economy. Similarly, the research field provides limited and inconclusive conclusions on how family firms internationalize, henceforth this master's th...

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Main Author: Semanová, Martina
Other Authors: Jyväskylä University School of Business and Economics, Jyväskylän yliopiston kauppakorkeakoulu, Taloustieteet, Business and Economics, Jyväskylän yliopisto, University of Jyväskylä
Format: Master's thesis
Language:eng
Published: 2022
Subjects:
Online Access: https://jyx.jyu.fi/handle/123456789/81651
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author Semanová, Martina
author2 Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_facet Semanová, Martina Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä Semanová, Martina Jyväskylä University School of Business and Economics Jyväskylän yliopiston kauppakorkeakoulu Taloustieteet Business and Economics Jyväskylän yliopisto University of Jyväskylä
author_sort Semanová, Martina
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description Family business internationalization is an important research topic due to the significance of small and medium-sized family firms in the global economy. Similarly, the research field provides limited and inconclusive conclusions on how family firms internationalize, henceforth this master's thesis aims to explore the factors that influence family firms' decision to internationalize as well as the process of their foreign expansion. This master's thesis is a qualitative study with an exploratory purpose. The main methodological approach was a multiple case study, thus primary data was collected via semi-structured interviews from nine family business cases to allow for an in-depth understanding of the phenomena. A cross-case analysis was selected as a data analysis method to reveal relationships between concepts and underlying reasons for particular behaviours of family firms. The analysis revealed numerous similarities with the existing literature, nonetheless, new findings were also discovered. Among others, it was confirmed that family firms mostly internationalize according to the Uppsala model. The main newly discovered findings uncover that the cultural background of a firm can have an impact on their level of socioemotional wealth which in turn can hinder international expansion. Moreover, the status of family business helps firms in the process of internationalization. Findings included in this study contribute to the overall research field of family business internationalization. The conclusions can help family business managers to recognise various factors, biases but also resources needed to successfully execute international expansion. Future research recommendations include e.g., researching dimensions of culture and their impact on the socioemotional wealth of family firms.
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spellingShingle Semanová, Martina Family business internationalization : The process and factors influencing the internationalization decision family firm internationalization process influential factors Yrittäjyys Entrepreneurship 20422 päätöksenteko motiivit (vaikuttimet) perheyritykset kansainvälistyminen yritykset decision making motives (reasons) family businesses internationalisation enterprises
title Family business internationalization : The process and factors influencing the internationalization decision
title_full Family business internationalization : The process and factors influencing the internationalization decision
title_fullStr Family business internationalization : The process and factors influencing the internationalization decision Family business internationalization : The process and factors influencing the internationalization decision
title_full_unstemmed Family business internationalization : The process and factors influencing the internationalization decision Family business internationalization : The process and factors influencing the internationalization decision
title_short Family business internationalization
title_sort family business internationalization the process and factors influencing the internationalization decision
title_sub The process and factors influencing the internationalization decision
title_txtP Family business internationalization : The process and factors influencing the internationalization decision
topic family firm internationalization process influential factors Yrittäjyys Entrepreneurship 20422 päätöksenteko motiivit (vaikuttimet) perheyritykset kansainvälistyminen yritykset decision making motives (reasons) family businesses internationalisation enterprises
topic_facet 20422 Entrepreneurship Yrittäjyys decision making enterprises family businesses family firm influential factors internationalisation internationalization process kansainvälistyminen motiivit (vaikuttimet) motives (reasons) perheyritykset päätöksenteko yritykset
url https://jyx.jyu.fi/handle/123456789/81651 http://www.urn.fi/URN:NBN:fi:jyu-202206133260
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