Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/wiley/raising-or-folding-the-bet-institutional-dynamics-family-involvement-zGNqG0U07I
References (72)
-
L. Dau, E. Moore, T. Kostova (2020)
The impact of market based institutional reforms on firm strategy and performance: Review and extensionJournal of World Business
-
J. Arrégle, L. Naldi, M. Nordqvist, M. Hitt (2012)
Internationalization of Family–Controlled Firms: A Study of the Effects of External Involvement in GovernanceEntrepreneurship Theory and Practice, 36
-
S. Estrin, K. Meyer, B. Nielsen, B. Nielsen, S. Nielsen, S. Nielsen (2016)
Home country institutions and the internationalization of state owned enterprises: A cross-country analysisJournal of World Business, 51
-
P. Buckley, J. Clegg, A. Cross, Xin Liu, Hinrich Voss, P. Zheng (2007)
The determinants of Chinese outward foreign direct investmentJournal of International Business Studies, 38
-
Elitsa Banalieva, Alvaro Cuervo‐Cazurra, R. Sarathy (2018)
Dynamics of pro-market institutions and firm performanceJournal of International Business Studies, 49
-
Mike Peng, Yi Jiang (2010)
Institutions Behind Family Ownership and Control in Large FirmsERPN: Other Family Business (Sub-Topic)
-
M. Hitt, R. Hoskisson, Hicheon Kim (1997)
International Diversification: Effects on Innovation and Firm Performance in Product-Diversified FirmsAcademy of Management Journal, 40
-
Allison Kingsley, T. Noordewier, Richard Bergh (2016)
Overstating and Understating Interaction Results in International Business Research -
Zi-Lin He, Tony Tong, Yuchen Zhang, Wenlong He (2018)
Constructing a Chinese Patent Database of Listed Firms in China: Descriptions, Lessons, and InsightsERN: Other Microeconomics: Decision-Making under Risk & Uncertainty (Topic)
-
Fuming Jiang, Lixian Liu, B. Stening (2014)
Do Foreign Firms in China Incur a Liability of Foreignness? The Local Chinese Firms’ PerspectiveThunderbird International Business Review, 56
-
Todd Alessandri, Daniele Cerrato, K. Eddleston (2018)
The Mixed Gamble of Internationalization in Family and Nonfamily Firms: The Moderating Role of Organizational SlackGlobal Strategy Journal, 8
-
M. Gallo, Jannicke Sveen (1991)
Internationalizing the Family Business: Facilitating and Restraining FactorsFamily Business Review, 4
-
(2009)
Deng undone‐the costs of halting market reform in China -
Geoffrey Martin, L. Gómez‐Mejía, R. Wiseman (2013)
Executive stock options as mixed gambles: Revisiting the behavioral agency modelAcademy of Management Journal, 56
-
L. Dau (2012)
Pro‐market reforms and developing country multinational corporationsGlobal Strategy Journal, 2
-
S. Kraus, Helge Mensching, A. Calabrò, Cheng-Feng Cheng, Matthias Filser (2016)
Family firm internationalization: A configurational approachJournal of Business Research, 69
-
I. Alon, O. Yeheskel, M. Lerner, Wenxian Zhang (2013)
Internationalization of Chinese Entrepreneurial FirmsThunderbird International Business Review, 55
-
M. Boisot, Marshall Meyer (2008)
Which Way through the Open Door? Reflections on the Internationalization of Chinese FirmsManagement and Organization Review, 4
-
Heitor Almeida, Daniel Wolfenzon (2005)
A Theory of Pyramidal Ownership and Family Business GroupsERPN: Other Family Business (Sub-Topic)
-
L. Gómez‐Mejía, Marianna Makri, Martín Kintana (2010)
Diversification Decisions in Family-Controlled FirmsERN: Governance & Ownership (Topic)
-
(2018)
Private sector accounts for 90% of Nigeria's GDP, says Osinbajo -
J. Kotlar, A. Signori, A. Massis, Silvio Vismara (2017)
Financial Wealth, Socioemotional Wealth, and IPO Underpricing in Family Firms: A Two-stage Gamble ModelAcademy of Management Journal
-
Pankaj Patel, James Chrisman, James Chrisman (2014)
Risk abatement as a strategy for R&D investments in family firmsSouthern Medical Journal, 35
-
J. Arrégle, M. Hitt, David Sirmon, P. Very (2007)
*The Development of Organizational Social Capital: Attributes of Family FirmsERPN: Agency Issues (Sub-Topic)
-
K. Eddleston, R. Sarathy, Elitsa Banalieva (2019)
When a high-quality niche strategy is not enough to spur family-firm internationalization: The role of external and internal contextsJournal of International Business Studies, 50
-
Elitsa Banalieva (2014)
Embracing the Second Best? Synchronization of Reform Speeds, Excess High Discretion Slack, and Performance of Transition Economy FirmsGlobal Strategy Journal, 4
-
Chris Carr, Suzanne Bateman (2009)
International Strategy Configurations of the World’s Top Family FirmsManagement International Review, 49
-
J. Johanson, J. Vahlne (1977)
The Internationalization Process of the Firm—A Model of Knowledge Development and Increasing Foreign Market CommitmentsJournal of International Business Studies, 8
-
Murali Chari, Parthiban David (2012)
Sustaining superior performance in an emerging economy: an empirical test in the Indian contextSouthern Medical Journal, 33
-
P. Berrone, C. Cruz, L. Gomez‐Mejia (2012)
Socioemotional wealth in family firms theoretical dimensions, assessment approaches, and agenda for future research, 25
-
D. Sutherland, L. Ning, Sam Beatson (2011)
Productivity performance in Chinese business groups: the positive and negative impacts of business group affiliationJournal of Chinese Economic and Business Studies, 9
-
Sergio Godoy, J. Stiglitz (2006)
Growth, Initial Conditions, Law and Speed of Privatization in Transition Countries: 11 Years LaterLaw
-
Carlos Inoue, S. Lazzarini, A. Musacchio (2013)
Leviathan as a Minority Shareholder: Firm-Level Implications of State Equity PurchasesAcademy of Management Journal, 56
-
Srilata Zaheer, M. Schomaker, Lilach Nachum (2012)
Distance without direction: Restoring credibility to a much-loved constructJournal of International Business Studies, 43
-
N. Campos, R. Horvath (2012)
On the Reversibility of Structural ReformsLabor: Personnel Economics eJournal
-
L. Dau, S. Purkayastha, K. Eddleston (2020)
Who does it best? Family and nonfamily owners and leaders navigating institutional development in emerging marketsJournal of Business Research, 107
-
P. Duran, M. Essen, P. Heugens, T. Kostova, Mike Peng (2018)
The impact of institutions on the competitive advantage of publicly listed family firms in emerging marketsGlobal Strategy Journal
-
J. Chua, James Chrisman, Pramodita Sharma (1999)
Defining the Family Business by BehaviorEntrepreneurship Theory and Practice, 23
-
X. Luo, Chi‐Nien Chung (2012)
Filling or Abusing the Institutional Void? Ownership and Management Control of Public Family Businesses in an Emerging MarketINSEAD Working Paper Series
-
E. Claver, Laura Rienda, Diego Quer (2009)
Family Firms' International CommitmentFamily Business Review, 22
-
Jianhua Ge, L. Stanley, K. Eddleston, F. Kellermanns (2017)
Institutional deterioration and entrepreneurial investment: The role of political connectionsJournal of Business Venturing, 32
-
J. C. Casillas, F. Pastor (2015)
The top 250 multinational family firms. Chair of Santander family business -
A. Calabrò, A. Minichilli, M. Amore, M. Brogi (2018)
The courage to choose! Primogeniture and leadership succession in family firmsSouthern Medical Journal, 39
-
Thilo Pukall, A. Calabrò (2014)
The Internationalization of Family FirmsFamily Business Review, 27
-
L. Gómez‐Mejía, Joanna Campbell, Geoffrey Martin, R. Hoskisson, Marianna Makri, David Sirmon (2013)
Socioemotional Wealth as a Mixed Gamble: Revisiting Family Firm R&D Investments with the Behavioral Agency ModelEntrepreneurship Theory and Practice, 38
-
David Sirmon, J. Arrégle, M. Hitt, Justin Webb (2008)
The Role of Family Influence in Firms’ Strategic Responses to Threat of ImitationEntrepreneurship Theory and Practice, 32
-
Thang Nguyen, Ngoc Le, Scott Bryant (2013)
Sub-national institutions, firm strategies, and firm performance: A multilevel study of private manufacturing firms in VietnamJournal of World Business, 48
-
A. Rugman, Quyen Nguyen, Ziyi Wei (2016)
Rethinking the Literature on the Performance of Chinese Multinational EnterprisesManagement and Organization Review, 12
-
Elitsa Banalieva, K. Eddleston, T. Zellweger (2015)
When do family firms have an advantage in transitioning economies? Toward a dynamic institution-based viewSouthern Medical Journal, 36
-
Brent Moulton (1990)
An Illustration of a Pitfall in Estimating the Effects of Aggregate Variables on Micro UnitThe Review of Economics and Statistics, 72
-
Mariya Aleksynska, Olena Havrylchyk (2013)
•FDI from the South: The role of institutional distance and natural resources -
Isabelle Breton-Miller, Danny Miller, Richard Lester (2011)
Stewardship or Agency? A Social Embeddedness Reconciliation of Conduct and Performance in Public Family BusinessesOrgan. Sci., 22
-
Berta Heybey, Peter Murrell (1997)
The Relationship between Economic Growth and the Speed of Liberalization During TransitionInstitutional & Transition Economics eJournal
-
Hicheon Kim, Heechun Kim, R. Hoskisson (2010)
Does market-oriented institutional change in an emerging economy make business-group-affiliated multinationals perform better? An institution-based viewJournal of International Business Studies, 41
-
P. Grindley, D. Teece (1997)
Managing Intellectual Capital: Licensing and Cross-Licensing in Semiconductors and ElectronicsCalifornia Management Review, 39
-
Bruno Merlevede (2003)
A Note on Reform Reversals and Output Growth in Transition Economies -
Xiao Zhang, Xufei Ma, Yue Wang (2012)
Entrepreneurial orientation, social capital, and the internationalization of SMES: Evidence from ChinaThunderbird International Business Review, 54
-
Bruce Bean, Evgeniya Shpak (2002)
The Russian Federation -
A. Massis, F. Frattini, A. Majocchi, L. Piscitello (2018)
Family firms in the global economy: Toward a deeper understanding of internationalization determinants, processes, and outcomesGlobal Strategy Journal, 8
-
Zengji Song, A. Nahm, Zongyi Zhang (2015)
The value of partial state ownership in publicly listed private sector enterprises: evidence from ChinaPost-Communist Economies, 27
-
Jean-françois Hennart, A. Majocchi, Emanuele Forlani (2019)
The myth of the stay-at-home family firm: How family-managed SMEs can overcome their internationalization limitationsJournal of International Business Studies, 50
-
P. Bromiley (2009)
A Prospect Theory Model of Resource AllocationDecis. Anal., 6
-
P. Berrone, C. Cruz, L. Gómez‐Mejía (2012)
Socioemotional Wealth in Family FirmsFamily Business Review, 25
-
J. Arrégle, P. Duran, M. Hitt, Marc Essen (2017)
Why is Family Firms’ Internationalization Unique? A Meta–AnalysisEntrepreneurship Theory and Practice, 41
-
L. Scholes, M. Mustafa, Stephen Chen (2016)
Internationalization of small family firms: the influence of family from a socioemotional wealth perspectiveThunderbird International Business Review, 58
-
Heitor Almeida, S. Park, M. Subrahmanyam, Daniel Wolfenzon (2009)
The Structure and Formation of Business Groups: Evidence from Korean ChaebolsNew York University Stern School of Business Research Paper Series
-
Elitsa Banalieva, K. Eddleston (2011)
Home-region focus and performance of family firms: The role of family vs non-family leadersJournal of International Business Studies, 42
-
Milton Yago, W. Morgan (2008)
The impact of policy reversal on economic performance in Sub-Saharan AfricaEuropean Journal of Political Economy, 24
-
M. Witt, A. Lewin (2007)
Outward foreign direct investment as escape response to home country institutional constraintsJournal of International Business Studies, 38
-
M. Hitt, L. Tihanyi, Toyah Miller, Brian Connelly (2006)
International Diversification: Antecedents, Outcomes, and ModeratorsJournal of Management, 32
-
A. Verbeke, Liena Kano (2012)
The Transaction Cost Economics Theory of the Family Firm: Family–Based Human Asset Specificity and the Bifurcation BiasEntrepreneurship Theory and Practice, 36
-
L. Gómez‐Mejía, Pankaj Patel, T. Zellweger (2018)
In the Horns of the Dilemma: Socioemotional Wealth, Financial Wealth, and Acquisitions in Family FirmsJournal of Management, 44
- Publisher
- Wiley
- Copyright
- © 2022 Wiley Periodicals LLC.
- ISSN
- 1096-4762
- eISSN
- 1520-6874
- DOI
- 10.1002/tie.22275
- Publisher site
- See Article on Publisher Site
Abstract
Recognizing that developing economies experience various speeds of reforms and reversals, we investigate how such dynamic institutional changes influence whether firms continue expanding or begin receding from abroad, after having already internationalized. In so doing, we extend the mixed gamble perspective by showing how external institutions impact firms' mixed gamble calculus, and especially that of family versus nonfamily firms. As a result of firms' assessment of potential gains and losses in current versus prospective wealth, the speed of reforms increases while the speed of reversals decreases firms' internationalization scale. These asymmetric effects are further attenuated for firms with higher levels of family involvement.
Journal
Thunderbird International Business Review – Wiley
Published: Jul 1, 2022
Keywords: change in internationalization scale; China; developing economies; dynamic institution‐based view; family involvement; mixed gamble of internationalization; speed of reforms; speed of reversals