References
- Alayo, Mikel, Amaia Maseda, Txomin Iturralde, and Unai Arzubiaga. 2019. "Internationalization and entrepreneurial orientation of family SMEs: The influence of the family character. "International Business Review, 28 (1): 48-59. https://doi.org/10.1016/j.ibusrev.2018.06.003
- Arregle, Jean-Luc, Francesco Chirico, Liena Kano, Sumit K Kundu, Antonio Majocchi, and William S Schulze. 2021. "Family firm internationalization: Past research and an agenda for the future." Journal of International Business Studies, 52 (6): 1159-1198. https://doi.org/10.1057/s41267-021-00425-2
- Arregle, Jean-Luc, Patricio Duran, Michael A Hitt, and Marc Van Essen. 2017. "Why is family firms' internationalization unique? A meta-analysis." Entrepreneurship Theory and Practice, 41 (5): 801-831. https://doi.org/10.1111/etap.12246
- Banalieva, Asst Prof Elitsa R, and Ravi Sarathy. 2011. "A Contingency Theory of Internationalization." Management International Review, 51 (5): 593-634. https://doi.org/10.1007/s11575-011-0093-0
- BarNir, Anat, John M Gallaugher, and Pat Auger. 2003. "Business process digitization, strategy, and the impact of firm age and size: the case of the magazine publishing industry." Journal of Business Venturing, 18 (6): 789-814. https://doi.org/10.1016/S0883-9026(03)00030-2
- Benito-Hernandez, S, C Lopez-Cozar-Navarro, and T Priede-Bergamini. 2014. "Factors determining exportation and internationalization in family businesses: The importance of debt." South African Journal of Business Management, 45 (1): 13-25. https://doi.org/10.4102/sajbm.v45i1.114
- Berrone, Pascual, Cristina Cruz, and Luis R Gomez-Mejia. 2012. "Socioemotional wealth in family firms: Theoretical dimensions, assessment approaches, and agenda for future research." Family Business Review, 25 (3): 258-279.
- Capar, Nejat, and Masaaki Kotabe. 2003. "The relationship between international diversification and performance in service firms." Journal of International Business Studies, 34 (4): 345-355. https://doi.org/10.1057/palgrave.jibs.8400036
- Carney, Michael. 2005. "Corporate governance and competitive advantage in family-controlled firms." Entrepreneurship theory and practice, 29 (3): 249-265. https://doi.org/10.1111/j.1540-6520.2005.00081.x
- Chang, Sea Jin, and Jaebum Hong. 2000. "Economic performance of group-affiliated companies in Korea: Intragroup resource sharing and internal business transactions." Academy of Management Journal, 43 (3): 429-448. https://doi.org/10.2307/1556403
- Chrisman, James J, Jess H Chua, Allison W Pearson, and Tim Barnett. 2012. "Family involvement, family influence, and family-centered non-economic goals in small firms." Entrepreneurship theory and practice, 36 (2): 267-293. https://doi.org/10.1111/j.1540-6520.2010.00407.x
- Chua, Jess H, James J Chrisman, and Pramodita Sharma. 1999. "Defining the family business by behavior." Entrepreneurship theory and practice, 23 (4): 19-39. https://doi.org/10.1177/104225879902300402
- Contractor, V. Kumar, and Sumit K Kundu. 2007. "Nature of the relationship between international expansion and performance: The case of emerging market firms." Journal of World Business, 42 (4): 401-417. https://doi.org/10.1016/j.jwb.2007.06.003
- Contractor, S. K. Kundu, and C. C. Hsu. 2003. "A three-stage theory of international expansion: the link between multinationality and performance in the service sector." Journal of International Business Studies, 34 (1): 5-18. https://doi.org/10.1057/palgrave.jibs.8400003.://WOS:000183984600002.
- Daspit, Joshua J, James J Chrisman, Triss Ashton, and Nicholas Evangelopoulos. 2021. "Family firm heterogeneity: A definition, common themes, scholarly progress, and directions forward." Family Business Review, 34 (3): 296-322. https://doi.org/10.1177/08944865211008350
- Davis, James, Steven Frankforter, David Vollrath, and Vanessa Hill. 2007. "An empirical test of stewardship theory." Journal of Business & Leadership: Research, Practice, and Teaching, (2005-2012)3 (1): 40-50.
- De Massis, Alfredo, Josip Kotlar, Giovanna Campopiano, and Lucio Cassia. 2013. "Dispersion of family ownership and the performance of small-to-medium size private family firms." Journal of Family Business Strategy, 4 (3): 166-175. https://doi.org/10.1016/j.jfbs.2013.05.001
- Debicki, Bart J, Chao Miao, and Shanshan Qian. 2020. "Internationalization and family firm performance: A cross-cultural meta-analysis of the main effect and moderating factors." Cross Cultural & Strategic Management.
- Dhanaraj, Charles, and Paul W. Beamish. 2003. "A resource-based approach to the study of export performance." Journal of Small Business Management, 41 (3): 242-261. https://doi.org/10.1111/1540-627X.00080
- Elango, B. 2010. "Influence of industry type on the relationship between international operations and risk." Journal of Business Research, 63 (3): 303-309. https://doi.org/10.1016/j.jbusres.2009.03.016
- Elango, B., and Chinmay Pattnaik. 2011. "Learning before making the big leap." Management International Review, 51 (4): 461-481. https://doi.org/10.1007/s11575-011-0085-0
- Fang, Hanqing, Kulraj Singh, Taewoo Kim, Laura Marler, and James J Chrisman. 2021. "Family business research in Asia: review and future directions." Asia Pacific Journal of Management: 1-42.
- Fernandez, Zulima, and Maria J Nieto. 2002. "International involvement of SMEs: the impact of ownership."
- Fernandez, Zulima, and Maria J Nieto. 2005. "Internationalization strategy of small and medium-sized family businesses: Some influential factors." Family business review, 18 (1): 77-89. https://doi.org/10.1111/j.1741-6248.2005.00031.x
- Fernandez, Zulima, and Maria Jesus Nieto. 2006. "Impact of ownership on the international involvement of SMEs." Journal of international business studies, 37: 340-351. https://doi.org/10.1057/palgrave.jibs.8400196
- Ficici, Aysun, WANG Lingling, Bulent Aybar, and FAN Bo. 2014. "The Correlation between the Internationalization Processes and Performance of Firms: The Case of Emerging Market Firms of the BRIC Countries." Journal of Economics and Political Economy, 1 (1): 4-25.
- Gallo, Miguel Angel, and Carlos Garcia Pont. 1996. "Important factors in family business internationalization." Family Business Review, 9 (1): 45-59. https://doi.org/10.1111/j.1741-6248.1996.00045.x
- Gallo, Miguel Angel, and Jannicke Sveen. 1991. "Internationalizing the family business: Facilitating and restraining factors." Family Business Review, 4 (2): 181-190. https://doi.org/10.1111/j.1741-6248.1991.00181.x
- George, Gerard, Johan Wiklund, and Shaker A Zahra. 2005. "Ownership and the internationalization of small firms." Journal of management, 31 (2): 210-233. https://doi.org/10.1177/0149206304271760
- Gomez-Mejia, Luis R, and David B Balkin. 1992. "Determinants of faculty pay: An agency theory perspective." Academy of Management journal, 35 (5): 921-955. https://doi.org/10.2307/256535
- Gomez-Mejia, Luis R, Cristina Cruz, Pascual Berrone, and Julio De Castro. 2011. "The bind that ties: Socioemotional wealth preservation in family firms." Academy of Management annals, 5 (1): 653-707. https://doi.org/10.5465/19416520.2011.593320
- Gomez-Mejia, Luis R, Katalin Takacs Haynes, Manuel Nunez-Nickel, Kathyrn JL Jacobson, and Jose Moyano-Fuentes. 2007. "Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills." Administrative science quarterly, 52 (1): 106-137. https://doi.org/10.2189/asqu.52.1.106
- Gomez-Mejia, Luis R, Martin Larraza-Kintana, and Marianna Makri. 2003. "The determinants of executive compensation in family-controlled public corporations." Academy of management journal, 46 (2): 226-237.
- Gomez-Mejia, Luis R, Marianna Makri, and Martin Larraza Kintana. 2010. "Diversification decisions in family-controlled firms." Journal of management studies, 47 (2): 223-252. https://doi.org/10.1111/j.1467-6486.2009.00889.x
- Graves, Chris, and Jill Thomas. 2008. "Determinants of the internationalization pathways of family firms: An examination of family influence." Family Business Review21 (2): 151-167. https://doi.org/10.1111/j.1741-6248.2008.00119.x
- Hafner, Cornelius, and Ulrich Pidun. 2022. "Getting family firm diversification right: A configurational perspective on product and international diversification strategies." Journal of Family Business Strategy, 13 (1): 100456.
- Hernandez-Canovas, Gines, Antonio Minguez-Vera, and Javier Sanchez-Vidal. 2016. "Ownership structure and debt as corporate governance mechanisms: an empirical analysis for Spanish SMEs." Journal of Business Economics and Management, 17 (6): 960-976.
- Hutzschenreuter, Thomas, Ingo Kleindienst, Florian Groene, and Alain Verbeke. 2014. "Corporate strategic responses to foreign entry: insights from prospect theory." The Multinational Business Review, 22 (3): 294-323. https://doi.org/10.1108/MBR-06-2014-0026
- Jensen, Michael C, and William H Meckling. 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure." Journal of financial economics 3 (4): 305-360. https://doi.org/10.1016/0304-405X(76)90026-X
- Johanson, Jan, and Jan-Erik Vahlne. 2009. "The Uppsala internationalization process model revisited: From liability of foreignness to liability of outsidership." Journal of International Business Studies, 40 (9): 1411-1431. https://doi.org/10.1057/jibs.2009.24
- Kahneman, Daniel, and Amos Tversky. 1979. "On the interpretation of intuitive probability: A reply to Jonathan Cohen."
- Karadeniz, Esra E., and Kenan Gocer. 2007. "Internationalization of small firms: A case study of Turkish small-and medium-sized enterprises." European Business Review, 19 (5): 387-403. https://doi.org/10.1108/09555340710818978
- Kontinen, Tanja, and Arto Ojala. 2010. "The internationalization of family businesses: A review of extant research." Journal of Family Business Strategy, 1 (2): 97-107. https://doi.org/10.1016/j.jfbs.2010.04.001
- Kotabe, Masaaki, Srini S Srinivasan, and Preet S Aulakh. 2002. "Multinationality and firm performance: The moderating role of R&D and marketing capabilities." Journal of international business studies33 (1): 79-97.
- Liu, Yunshi, Wen-Ting Lin, and Kuei-Yang Cheng. 2011. "Family ownership and the international involvement of Taiwan's high-technology firms: The moderating effect of high-discretion organizational slack." Management and Organization Review, 7 (2): 201-222. https://doi.org/10.1111/j.1740-8784.2011.00220.x
- Lu, Jane W., and Paul W. Beamish. 2004. "International diversification and firm performance: The S-curve hypothesis." Academy of management journal, 47 (4): 598-609. https://doi.org/10.2307/20159604
- Lu, Jane W., and Paul W. Beamish. 2006. "SME internationalization and performance: Growth vs. profitability." Journal of International Entrepreneurship, 4 (1): 27-48. https://doi.org/10.1007/s10843-006-8000-7
- McConaughy, Daniel L, Michael C Walker, Glenn V Henderson Jr, and Chandra S Mishra. 1998. "Founding family controlled firms: Efficiency and value." Review of Financial economics 7 (1): 1-19. https://doi.org/10.1016/S1058-3300(99)80142-6
- Miller, Danny, Isabelle Le Breton-Miller, Richard H Lester, and Albert A Cannella Jr. 2007. "Are family firms really superior performers?" Journal of corporate finance, 13 (5): 829-858. https://doi.org/10.1016/j.jcorpfin.2007.03.004
- Mitter, Christine, Christine Duller, Birgit Feldbauer-Durstmuller, and Sascha Kraus. 2014. "Internationalization of family firms: the effect of ownership and governance." Review of Managerial Science, 8: 1-28. https://doi.org/10.1007/s11846-012-0093-x
- Moreno Menendez, Ana Maria, Marco Castiglioni, and Maria del Mar Cobena Ruiz-Lopera. 2021. "The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms." European Journal of Family Business, 11 (2), 10-25.
- Pizzo, Michele. 2013. "Related party transactions under a contingency perspective." Journal of Management & Governance, 17 (2): 309-330.
- Pukall, Thilo J, and Andrea Calabro. 2014. "The internationalization of family firms: A critical review and integrative model." Family Business Review, 27 (2): 103-125. https://doi.org/10.1177/0894486513491423
- Ruigrok, Winfried, and Hardy Wagner. 2003. "Internationalization and performance: An organizational learning perspective." MIR: Management International Review: 63-83.
- Sakawa, Hideaki, and Naoki Watanabel. 2021. "Family control and corporate innovation in stake-holder-oriented corporate governance." Sustainability, 13 (9): 5044.
- Santulli, Rosalia, Mariateresa Torchia, Andrea Calabro, and Carmen Gallucci. 2019. "Family ownership concentration and firm internationalization: integrating principal-principal and socioemotional wealth perspectives." Journal of International Entrepreneurship, 17 (2): 220-248. https://doi.org/10.1007/s10843-019-00245-4
- Schepers, Jelle, Wim Voordeckers, Tensie Steijvers, and Eddy Laveren. 2020. "Long-term orientation as a resource for entrepreneurial orientation in private family firms: The need for participative decision making." Sustainability12 (13): 5334.
- Schulze, William S, Michael H Lubatkin, and Richard N Dino. 2003. "Exploring the agency consequences of ownership dispersion among the directors of private family firms." Academy of management journal46 (2): 179-194.
- Sciascia, Salvatore, Pietro Mazzola, Joseph H Astrachan, and Torsten M Pieper. 2012. "The role of family ownership in international entrepreneurship: Exploring nonlinear effects." Small Business Economics, 38 (1): 15-31. https://doi.org/10.1007/s11187-010-9264-9
- Segaro, Ethiopia. 2012. "Internationalization of family SMEs: the impact of ownership, governance, and top management team." Journal of Management & Governance, 16: 147-169. https://doi.org/10.1007/s10997-010-9145-2
- Sitkin, Sim B, and Amy L Pablo. 1992. "Reconceptualizing the determinants of risk behavior." Academy of management review17 (1): 9-38.
- Shleifer, Andrei, and Robert W Vishny. 1986. "Large shareholders and corporate control." Journal of political economy 94 (3, Part 1): 461-488. https://doi.org/10.1086/261385
- Thomas, Jill, and Chris Graves. 2005. "Internationalization of the family firm: The contribution of an entrepreneurial orientation." Journal of Business and Entrepreneurship, 17 (2): 91.
- Tosi Jr, Henry L, and Luis R Gomez-Mejia. 1989. "The decoupling of CEO pay and performance: An agency theory perspective." Administrative Science Quarterly: 169-189.
- Tversky, Amos, and Daniel Kahneman. 1989. "Rational choice and the framing of decisions." In Multiple criteria decision making and risk analysis using microcomputers, 81-126. Springer.
- Verbeke, Alain, Wenlong Yuan, and Liena Kano. 2020. "A values-based analysis of bifurcation bias and its impact on family firm internationalization." Asia Pacific Journal of Management, 37: 449-477. https://doi.org/10.1007/s10490-018-9598-4
- Walmsley, Stephen, and Andrew Gilbey. 2020. "Applying prospect theory to pilot weather-related decision-making: The impact of monetary and time considerations on risk taking behaviour." Applied Cognitive Psychology34 (3): 685-698.
- WTO. 2017. Word Trade statistical review. World Trade Organization (Switzerland). www.wto.org.
- Yang, Xueru, Jun Li, Laura J Stanley, Franz W Kellermanns, and Xinchun Li. 2020. "How family firm characteristics affect internationalization of Chinese family SMEs." Asia Pacific Journal of Management, 37 (2): 417-448. https://doi.org/10.1007/s10490-018-9579-7
- Zakrzewska-Bielawska, Agnieszka, Wojciech Czakon, and Till Marius Gantert. 2022. "Old guards or new friends? Relational awareness and motivation in opportunities seizing." European Management Journal.
- Zellweger, Thomas M, Franz W Kellermanns, James J Chrisman, and Jess H Chua. 2012. "Family control and family firm valuation by family CEOs: The importance of intentions for transgenerational control." Organization Science, 23 (3): 851-868. https://doi.org/10.1287/orsc.1110.0665