Family Ownership, Institutional Ownership, and Internationalization of SMEs
Family ownership has been recognized as an important determinant of corporate strategic choices; however, little research investigates the effects of family ownership and corporate governance on internationalization in small and medium-sized enterprises (SMEs). This paper utilizes agency theory and...
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| Veröffentlicht in: | Journal of small business management 2014-10, Vol.52 (4), p.771-789 |
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| container_end_page | 789 |
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| container_issue | 4 |
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| container_title | Journal of small business management |
| container_volume | 52 |
| creator | Chen, Hsiang-lan Hsu, Wen-tsung Chang, Chiao-yi |
| description | Family ownership has been recognized as an important determinant of corporate strategic choices; however, little research investigates the effects of family ownership and corporate governance on internationalization in small and medium-sized enterprises (SMEs). This paper utilizes agency theory and the resource-based view to analyze the relationships between family ownership, institutional ownership, and internationalization. Using a sample of Taiwanese SMEs, the finding of a positive family ownership-internationalization relationship suggests that family ownership may encourage internationalization. The interaction of family ownership and institutional ownership is positively related to internationalization, suggesting that SMEs with high family ownership are more likely to internationalize as institutional ownership increases. |
| doi_str_mv | 10.1111/jsbm.12031 |
| format | Article |
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The interaction of family ownership and institutional ownership is positively related to internationalization, suggesting that SMEs with high family ownership are more likely to internationalize as institutional ownership increases.</description><subject>Agency theory</subject><subject>Corporate governance</subject><subject>Family firms</subject><subject>Family owned businesses</subject><subject>Globalization</subject><subject>Internationalization</subject><subject>Ownership</subject><subject>Small & medium sized enterprises-SME</subject><subject>Small and medium sized enterprises</subject><subject>Strategic behaviour</subject><subject>Studies</subject><subject>Taiwan</subject><issn>0047-2778</issn><issn>1540-627X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2014</creationdate><recordtype>article</recordtype><recordid>eNplkElPwzAQhS0EEmW58AsqceFAwLvTI6BSdhCL4GZNXFu4OEmxU5Xy60lbhBDMZUZ635sZPYR2CD4gbR2OUlEeEIoZWUEdIjjOJFUvq6iDMVcZVSpfRxspjTDGSvZ4B12eQunDrHs7rWxMr3683z2vUuObSePrCsJvAaphKzY2VrAU_edi6Nau-3DdT1tozUFIdvu7b6Kn0_7jyVl2dTs4Pzm6ygxXmGQUhuCGYARxDGMnVVHk3IDgxtFi_iLJZW6dwYQVPDcYOFeCgTO5FZhaxjbR3nLvONbvE5saXfpkbAhQ2XqSNJGE9bikMm_R3T_oqJ60_4eWUkIKomhPtBRZUlMf7EyPoy8hzjTBeh6qnoeqF6Hqi4fj68XUerKlx6fGfvx4IL5pqZgS-vlmoO-f716OqRxo2vLim69cHUuY1jEMdQOzUEcXoTI-afb_IvsCldGN5g</recordid><startdate>201410</startdate><enddate>201410</enddate><creator>Chen, Hsiang-lan</creator><creator>Hsu, Wen-tsung</creator><creator>Chang, Chiao-yi</creator><general>Blackwell Publishers Inc</general><general>Blackwell Publishing Ltd</general><general>Taylor & Francis Ltd</general><scope>BSCLL</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>201410</creationdate><title>Family Ownership, Institutional Ownership, and Internationalization of SMEs</title><author>Chen, Hsiang-lan ; Hsu, Wen-tsung ; Chang, Chiao-yi</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c4701-2adafdac51f300f67bb84ca54cf2b27781868efc013b48c0a44753afc8e502e33</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2014</creationdate><topic>Agency theory</topic><topic>Corporate governance</topic><topic>Family firms</topic><topic>Family owned businesses</topic><topic>Globalization</topic><topic>Internationalization</topic><topic>Ownership</topic><topic>Small & medium sized enterprises-SME</topic><topic>Small and medium sized enterprises</topic><topic>Strategic behaviour</topic><topic>Studies</topic><topic>Taiwan</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Chen, Hsiang-lan</creatorcontrib><creatorcontrib>Hsu, Wen-tsung</creatorcontrib><creatorcontrib>Chang, Chiao-yi</creatorcontrib><collection>Istex</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of small business management</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Chen, Hsiang-lan</au><au>Hsu, Wen-tsung</au><au>Chang, Chiao-yi</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Family Ownership, Institutional Ownership, and Internationalization of SMEs</atitle><jtitle>Journal of small business management</jtitle><addtitle>Journal of Small Business Management</addtitle><date>2014-10</date><risdate>2014</risdate><volume>52</volume><issue>4</issue><spage>771</spage><epage>789</epage><pages>771-789</pages><issn>0047-2778</issn><eissn>1540-627X</eissn><coden>JSBMAU</coden><abstract>Family ownership has been recognized as an important determinant of corporate strategic choices; however, little research investigates the effects of family ownership and corporate governance on internationalization in small and medium-sized enterprises (SMEs). 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| ispartof | Journal of small business management, 2014-10, Vol.52 (4), p.771-789 |
| issn | 0047-2778 1540-627X |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | Agency theory Corporate governance Family firms Family owned businesses Globalization Internationalization Ownership Small & medium sized enterprises-SME Small and medium sized enterprises Strategic behaviour Studies Taiwan |
| title | Family Ownership, Institutional Ownership, and Internationalization of SMEs |
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