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Article Dans Une Revue Journal of World Business Année : 2017

Political ideologies and the internationalization of family-controlled firms

Tatiana Kostova
  • Fonction : Auteur
Marc van Essen
  • Fonction : Auteur

Résumé

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.
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Dates et versions

hal-02312102 , version 1 (27-02-2020)

Identifiants

  • HAL Id : hal-02312102 , version 1

Citer

Patricio Duran, Tatiana Kostova, Marc van Essen. Political ideologies and the internationalization of family-controlled firms. Journal of World Business, 2017, 52 (4), 474-488 p. ⟨hal-02312102⟩

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