Academic Associate, Indian Institute of Management Bangalore
In this paper we investigate the influence of formal institutional and informal institutions on the internationalization of family firms. We argue that the relationship between family firms and internationalization from countries with low tariff and regulatory trade barriers will be negative. Further, we argue that the relationship between the past and future time orientation culture, and sequential versus synchronous time orientation culture will influence the relationship between family firms and internationalization such that high past orientation and high sequential time orientation cultural will negatively influence the relationship between family firms and internationalization. Lastly, we argue that family firms from high sequential time orientation cultures will prefer exports as a preferred mode of internationalization. The results of meta analysis lend empirical support to our hypotheses.
