Abstract
Innovation research forms an emerging field of inquiry within the Family Firm (FF) literature. Numerous studies have suggested factors that influence FFs’ innovative behaviour but this body of work is highly fragmented, with inconsistent findings. Bearing this in mind and also taking into account that innovation can foster FFs’ internationalisation, this work advances the FF internationalisation literature by developing a conceptual framework that provides new explanations on the tendencies of internationalised FFs to innovate, especially in periods of crisis. To develop the proposed conceptual framework, we integrate and discuss papers published in International Business and FF journals, and develop nine propositions based on the family governance heterogeneity logic. The implications of this integrative conceptual framework are discussed.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Alonso, A. D., & Austin, I. P. (2016). I see the future. Review of International Business and Strategy, 26(3), 314–333.
Alrubaishi, D., Alarifi, G., & McAdam, M. (2020, forthcoming). Innovation heterogeneity in family firms: Evidence from the date industry in Saudi Arabia. International Journal of Entrepreneurship and Innovation. https://doi.org/10.1177/1465750320930869
Araz, O. M., Choi, T. M., Olson, D., & Salman, F. S. (2020, forthcoming). Data analytics for operational risk management. Decision Sciences. 51, 1316-1319.
Arregle, J. L., Duran, P., Hitt, M. A., & Van Essen, M. (2017). Why is family firms’ internationalization unique? A meta-analysis. Entrepreneurship Theory and Practice, 41(5), 801–831.
Arregle, J. L., Hitt, M. A., & Mari, I. (2019). A missing link in family firms’ internationalization research: Family structures. Journal of International Business Studies, 50(5), 809–825.
Arrondo-García, R., Fernández-Méndez, C., & Menéndez-Requejo, S. (2016). The growth and performance of family businesses during the global financial crisis: The role of the generation in control. Journal of Family Business Strategy, 7(4), 227–237.
Boellis, A., Mariotti, S., Minichilli, A., & Piscitello, L. (2016). Family involvement and firms’ establishment mode choice in foreign markets. Journal of International Business Studies, 47(8), 929–950.
Boubakri, N., Guedhami, O., & Mishra, D. (2010). Family control and the implied cost of equity: Evidence before and after the Asian financial crisis. Journal of International Business Studies, 41(3), 451–474.
Braga, V., Correia, A., Braga, A., & Lemos, S. (2017). The innovation and internationalisation processes of family businesses. Review of International Business and Strategy, 27, 231–247.
Calabrò, A., Vecchiarini, M., Gast, J., Campopiano, G., De Massis, A., & Kraus, S. (2019). Innovation in family firms: A systematic literature review and guidance for future research. International Journal of Management Reviews, 21(3), 317–355.
Cater, J. J., III, & Beal, B. (2014). Ripple effects on family firms from an externally induced crisis. Journal of Family Business Management, 4(1), 62–78.
Cesinger, B., Hughes, M., Mensching, H., Bouncken, R., Fredrich, V., & Kraus, S. (2016). A socioemotional wealth perspective on how collaboration intensity, trust, and international market knowledge affect family firms’ multinationality. Journal of World Business, 51(4), 586–599.
Chrisman, J., Chua, J., De Massis, A., Frattini, F., & Wright, M. (2015). The ability and willingness paradox in family firm innovation. Journal of Product Innovation Management, 32(3), 310–318.
Christofi, M., Leonidou, E., & Vrontis, D. (2017). Marketing research on mergers and acquisitions: A systematic review and future directions. International Marketing Review, 34(5), 629–651.
Claver, E., Rienda, L., & Quer, D. (2008). Family firms’ risk perception: Empirical evidence on the internationalization process. Journal of Small Business and Enterprise Development, 15(3), 457–471.
Craig, J. B., Pohjola, M., Kraus, S., & Jensen, S. H. (2014). Exploring relationships among proactiveness, risk-taking and innovation output in family and non-family firms. Creativity and Innovation Management, 23(2), 199–210.
Daspit, J. J., Chrisman, J. J., Sharma, P., Pearson, A. W., & Mahto, R. V. (2018). Governance as a source of family firm heterogeneity. Journal of Business Research, 84, 293–300.
De Massis, A., & Rondi, E. (2020). COVID-19 and the future of family business research. Journal of Management Studies, 57(8), 1727–1731.
Debellis, F., Rondi, E., Plakoyiannaki, E., & De Massis, A. (2020). Riding the waves of family firm internationalization: A systematic literature review, integrative framework, and research agenda. Journal of World Business, 56(1), 101–144.
del Rio-Chanona, R. M., Mealy, P., Pichler, A., Lafond, F., & Farmer, D. (2020). Supply and demand shocks in the COVID-19 pandemic: An industry and occupation perspective. arXiv preprint arXiv: 2004.06759.
Di Toma, P. (2020). Integrating business model innovation and corporate governance in family-owned SMEs: A dynamic capability perspective. In A. Thrassou, D. Vrontis, Y. Weber, S. M. R. Shams, & E. Tsoukatos (Eds.), The changing role of SMEs in global business (pp. 179–198). Palgrave Studies in Cross-disciplinary Business Research, in Association with EuroMed Academy of Business. Palgrave Macmillan.
Diaz-Moriana, V., Clinton, E., Kammerlander, N., Lumpkin, G. T., & Craig, J. B. (2020). Innovation motives in family firms: A transgenerational view. Entrepreneurship Theory and Practice, 44(2), 256–287.
Dieleman, M. (2019). Reaping what you sow: The family firm innovation trajectory. Journal of Family Business Strategy, 10(4), 100–248.
Eddleston, K. A., Kellermanns, F. W., & Collier, G. (2019). Research on family firm innovation: What do family firms actually think and do? Journal of Family Business Strategy, 10(4), 100–308.
Eduardsen, J., & Marinova, S. (2020). Internationalisation and risk: Literature review, integrative framework and research agenda. International Business Review, 29(3), 101–688.
Eggers, F. (2020). Masters of disasters? Challenges and opportunities for SMEs in times of crisis. Journal of Business Research, 116, 199–208.
Erdogan, I., Rondi, E., & De Massis, A. (2020). Managing the tradition and innovation paradox in family firms: A family imprinting perspective. Entrepreneurship Theory and Practice, 44(1), 20–54.
Fernández, Z., & Nieto, M. (2006). Impact of ownership on the international involvement of SMEs. Journal of International Business Studies, 37(3), 340–351.
Garcia, P. R. J. M., Sharma, P., De Massis, A., Wright, M., & Scholes, L. (2019). Perceived parental behaviors and next-generation engagement in family firms: A social cognitive perspective. Entrepreneurship Theory and Practice, 43(2), 224–243.
Goel, S., & Jones, R. J., III. (2016). Entrepreneurial exploration and exploitation in family business: A systematic review and future directions. Family Business Review, 29(1), 94–120.
Gómez-Mejia, L., Cruz, C., Berrone, P., & De Castro, J. (2011). The bind that ties: Socioemotional wealth preservation in family firms. Academy of Management Annals, 5(1), 653–707.
Gómez-Mejía, L., Haynes, K., Núñez-Nickel, M., Jacobson, K., & Moyano-Fuentes, J. (2007). Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52(1), 106–137.
Gudmundson, D., Tower, C. B., & Hartman, E. A. (2003). Innovation in small business: Culture and ownership structure do matter. Journal of Developmental Entrepreneurship, 8(1), 1–17.
Gueye, S., & Simon, E. (2010). Is the family business a safer type of governance in time of crisis? Problems and Perspectives in Management, 8(4), 23–29.
Habbershon, T., & Williams, M. (1999). A resource-based framework for assessing the strategic advantages of family firms. Family Business Review, 12(1), 1–25.
Hambrick, D., & Mason, P. (1984). Upper Echelons: The organization as a reflection of its top managers. Academy of Management Review, 9(2), 193–206.
Hennart, J. F., Majocchi, A., & Forlani, E. (2019). The myth of the stay-at-home family firm: How family-managed SMEs can overcome their internationalization limitations. Journal of International Business Studies, 50(5), 758–782.
Hoffmann, C., Jaskiewicz, P., Wulf, T., & Combs, J. (2017). The effect of transgenerational control intention on family-firm performance: It depends who pursues it. Entrepreneurship Theory and Practice, 43(3), 629–646.
Ivanov, D. (2020). Predicting the impacts of epidemic outbreaks on global supply chains: A simulation-based analysis on the coronavirus outbreak (COVID-19/SARS-CoV-2) case. Transportation Research Part E: Logistics and Transportation Review, 136, 101922.
Jaakkola, E. (2020). Designing conceptual articles: four approaches. AMS Review, 10(1–2), 18–26.
Jaskiewicz, P., & Dyer, W. G. (2017). Addressing the elephant in the room: Disentangling family heterogeneity to advance family business research. Family Business Review, 30(2), 111–118.
Johanson, J., & Mattsson, L.-G. (1988). Internationalization in industrial systems – A network Approach. In N. Hood & J.-E. Vahlne (Eds.), Strategies in Global Competition (pp. 287–314). Croom Helm.
Johnston, W., & Czinkota, M. (1982). Managerial motivations as determinants of industrial export behaviour. In R. Zinkota & G. Tesar (Eds.), Export management: An international context (pp. 3–17). Praeger Publishers.
Karagouni, G. (2018). The role of dynamic entrepreneurial capabilities and innovation in intergenerational succession of family firms. In D. Vrontis, Y. Weber, A. Thrassou, S. Shams, & E. Tsoukatos (Eds.), Innovation and capacity building (pp. 31–54). Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business. Palgrave Macmillan.
Kashmiri, S., & Brower, J. (2016). Oops! I did it again: Effect of corporate governance and top management team characteristics on the likelihood of product-harm crises. Journal of Business Research, 69(2), 621–630.
Khavul, S., & Bruton, G. D. (2013). Harnessing innovation for change: Sustainability and poverty in developing countries. Journal of Management Studies, 50, 285–306.
Kontinen, T., & Ojala, A. (2011). Network ties in the international opportunity recognition of family SMEs. International Business Review, 20(4), 440–453.
Kraus, S., Clauss, T., Breier, M., Gast, J., Zardini, A., & Tiberius, V. (2020). The economics of COVID-19: Initial empirical evidence on how family firms in five European countries cope with the corona crisis. International Journal of Entrepreneurial Behavior & Research, 26(5), 1067–1092.
Lingo, E. L., & Elmes, M. B. (2019). Institutional preservation work at a family business in crisis: Micro-processes, emotions, and nonfamily members. Organization Studies, 40(6), 887–916.
MacInnis, D. J. (2011). A framework for conceptual contributions in marketing. Journal of Marketing, 75(4), 136–154.
Marett, E., Marler, L., & Marett, K. (2018). Socioemotional wealth importance within family firm internal communication. Journal of Family Business Management, 8(1), 22–37.
Mariotti, S., Marzano, R., & Piscitello, L. (2021). The role of family firms’ generational heterogeneity in the entry mode choice in foreign markets. Journal of Business Research, 132, 800–812.
Miller, D., Le Breton-Miller, I., & Lester, R. H. (2011). Family and lone founder ownership and strategic behaviour: Social context, identity, and institutional logics. Journal of Management Studies, 48(1), 1–25.
Muñoz-Bullón, F., & Sanchez-Bueno, M. J. (2011). The impact of family involvement on the R&D intensity of publicly traded firms. Family Business Review, 24(1), 62–70.
Mzid, I., Khachlouf, N., & Soparnot, R. (2018). How does family capital influence the resilience of family firms? Journal of International Entrepreneurship, 17, 249–277.
Ng, D., James, H. S., Jr., & Klein, P. G. (2020). Keeping it in the family: A socio-cognitive approach to the prioritization of family goals. Journal of Small Business and Enterprise Development, 27(3), 471–487.
Peris-Ortiz, M., Fuster-Estruch, V., & Devece-Carañana, C. (2014). Entrepreneurship and innovation in a context of crisis. In Entrepreneurship, innovation and economic crisis. Springer.
Pukall, T. J., & Calabrò, A. (2014). The internationalization of family firms a critical review and integrative model. Family Business Review, 27(2), 103–125.
Ratten, V., & Tajeddini, K. (2017). Innovativeness in family firms: An internationalization approach. Review of International Business and Strategy, 27(2), 217–230.
Rau, S. B., Werner, A., & Schell, S. (2019). Psychological ownership as a driving factor of innovation in older family firms. Journal of Family Business Strategy, 10(4), 100246.
Reid, S. (1981). The decision maker and export entry and expansion. Journal of International Business Studies, 12(2), 101–112.
Rondi, E., De Massis, A., & Kotlar, J. (2019). Unlocking innovation potential: A typology of family business innovation postures and the critical role of the family system. Journal of Family Business Strategy, 10(4), 100236.
Sirmon, D. G., Arregle, J. L., Hitt, M. A., & Webb, J. W. (2008). The role of family influence in firms’ strategic responses to threat of imitation. Entrepreneurship Theory and Practice, 32(6), 979–998.
Stilgoe, J., Owen, R., & Macnaghten, P. (2013). Developing a framework for responsible innovation. Research Policy, 42, 1568–1580.
Sun, X., Lee, S. H., & Phan, P. H. (2018). Family firm R&D investments in the 2007–2009 Great Recession. Journal of Family Business Strategy, 10(4), 100244.
Swinth, R., & Vinton, K. (1993). Do family-owned businesses have a strategic advantage in international joint ventures? Family Business Review, 6(1), 19–30.
Tsao, S. M., & Lien, W. H. (2013). Family management and internationalization: The impact on firm performance and innovation. Management International Review, 53, 189–213.
Verbeke, A., Yuan, W., & Kano, L. (2019). A values-based analysis of bifurcation bias and its impact on family firm internationalization. Asia Pacific Journal of Management, 37(2), 449–477.
Wenzel, M., Stanske, S., & Lieberman, M. B. (2020). Strategic responses to crisis. Strategic Management Journal, 42(2), O16–O27.
Xu, S., Zhang, X., Feng, L., & Yang, W. (2020). Disruption risks in supply chain management: A literature review based on bibliometric analysis. International Journal of Production Research, 58(11), 3508–3526.
Yeoh, P. L. (2014). Internationalization and performance outcomes of entrepreneurial family SMEs: The role of outside CEOs, technology sourcing, and innovation. Thunderbird International Business Review, 56(1), 77–96.
Zahra, S., Hayton, J., & Salvato, C. (2004). Entrepreneurship in family vs. non-family firms: A resource-based analysis of the effect of organizational culture. Entrepreneurship Theory and Practice, 28(4), 363–381.
Zahra, S. A. (2020). International entrepreneurship in the post Covid world. Journal of World Business, 56(1), 101143.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Kampouri, K., Hajidimitriou, Y., Mouratidou, E. (2022). Innovation Tendencies in Internationalised Family Firms During Periods of Crisis: A Conceptual Framework. In: Vrontis, D., Thrassou, A., Weber, Y., Shams, S.M.R., Tsoukatos, E., Efthymiou, L. (eds) Business Under Crisis, Volume III. Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-76583-5_11
Download citation
DOI: https://doi.org/10.1007/978-3-030-76583-5_11
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-76582-8
Online ISBN: 978-3-030-76583-5
eBook Packages: Business and ManagementBusiness and Management (R0)