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首页> 外文期刊>Journal of Business Research >Family ownership and family involvement as antecedents of strategic action: A longitudinal study of initial international entry
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Family ownership and family involvement as antecedents of strategic action: A longitudinal study of initial international entry

机译：家庭所有权和家庭参与是战略行动的先决条件：国际首次进入的纵向研究

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This study integrates behavioral agency theory with the conditions of willingness and ability to investigate how family ownership and family involvement affect the likelihood of initial international entry, both directly and interactively. A firm's initial international entry-its first expansion into a foreign market-is considered a major, and often risky, strategic action that enables a firm to compete and grow. Among family firms, variance in initial international entry is theoretically explained by the family's willingness and ability to participate. Using survival analysis on data representing 190 different family firms across 10 years, our findings support hypotheses suggesting that family ownership and involvement decrease the likelihood of initial international entry. However, these two forms of family control also act as interactive substitutes in relation to initial international entry likelihood. Our findings provide for a more nuanced understanding of family control heterogeneity in relationship to major strategic actions.
机译：这项研究将行为代理理论与愿意和能力的条件相结合，以调查家庭所有权和家庭参与如何直接或交互地影响初始国际进入的可能性。公司最初的国际进入（即首次向国外市场扩张）被认为是使公司能够竞争和成长的重大且通常具有风险的战略行动。在家族企业中，最初国际进入的差异在理论上是由家族的意愿和参与能力来解释的。通过对10年中代表190家不同家族企业的数据进行生存分析，我们的研究结果支持以下假设：家族所有权和参与减少了首次进入国际市场的可能性。但是，相对于最初的国际进入可能性，这两种形式的家庭控制也可以作为互动替代。我们的发现为与主要战略行动相关的家庭控制异质性提供了更细致的理解。

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