Unveiling the global focus-performance relationship in family firms: The role of the board of directors

Board of directors; Board tasks; Family Firms; Global focus; Internationalization; Performance; Business and International Management; Finance; Marketing

Abstract :

[en] Drawing on the resource-based view, this study examines how board composition and board tasks affect the relationship between the firm's global focus and performance in private family firms. Based on a sample of 234 Belgian private family firms, our empirical analyses reveal that nonfamily involvement in the board attenuates the negative relationship between the firm's global focus and performance. Furthermore, our results show that the global focus-performance link turns positive at higher levels of board networking and advisory tasks, whereas board control task has no significant effect. Ultimately, these findings underscore the board of directors as a key governance contingency, highlighting its important role in overcoming the challenges of global expansion in private family firms.

Disciplines :

Strategy & innovation

Author, co-author :

Bauweraerts, Jonathan ; Université de Mons - UMONS > Faculté Warocqué d'Economie et de Gestion > Service de Comptabilité,Audit, Risk management et Entrepreneuriat

Arzubiaga, Unai; Department of Financial Economics I, University of the Basque Country (UPV/EHU), Bilbao, Spain

Diaz-Moriana, Vanessa; Department of Business Economics, University of the Balearic Islands (UIB), Palma de Mallorca, Spain

Language :

English

Title :

Unveiling the global focus-performance relationship in family firms: The role of the board of directors

Publication date :

09 February 2022

Journal title :

International Business Review

ISSN :

0969-5931

eISSN :

1873-6149

Publisher :

Elsevier Ltd

Volume :

Issue :

Pages :

101977

Peer reviewed :

Peer Reviewed verified by ORBi

Additional URL :

https://api.elsevier.com/content/article/PII:S0969593122000051?httpAccept=text/xml

Research institute :

Soci&Ter

Data Set :

https://doi.org/10.1016/j.ibusrev.2022.101977

Available on ORBi UMONS :

since 14 June 2022

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52 (1 by UMONS)

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