Growth and internationalisation of family businesses
by Susana Menendez-Requejo
International Journal of Globalisation and Small Business (IJGSB), Vol. 1, No. 2, 2005

Abstract: This study analyses family businesses' growth and internationalisation decisions, examining if being a family firm determines differences in these strategies. According to the Resources and Capabilities Theory, family firms can have limitations for internationalisation in their financial and human resources. On the other hand, the Agency Theory and the Altruism Perspective establish that altruism in family firms can drive their foreign strategies, facilitating them. Moreover, family business generation is one characteristic, specific for family firms, that can influence their strategic decisions. An empirical analysis is developed for the Spanish Family Firms in 2001 and 2002, with the main conclusion being that we do not find predetermined limits nor advantages in the foreign growth of Spanish Family Firms, with size and second family generations being the main determinants of internationalisation.

Online publication date: Fri, 28-Oct-2005

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Globalisation and Small Business (IJGSB):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com