The Role of the Related Party in the Internationalization of Family Business Group Affiliations: Evidence from the SMEs in Korea

2021 ◽  
Vol 32 (2) ◽  
pp. 27-55
Author(s):  
Joonho Shin ◽  
◽  
Jae Hyun Gwon
Keyword(s):  
Family Business ◽  
Business Group ◽  
Family Business Group

The internationalization of a family business group

2017 ◽  
Vol 15 (4) ◽  
pp. 380-404
Author(s):  
Bice Della Piana ◽  
Alessandra Vecchi
Keyword(s):  
Family Business ◽  
Single Case ◽  
Business Group ◽  
Leadership Roles ◽  
Internationalization Process ◽  
Content Type ◽  
Founding Family ◽  
Focal Firm ◽  
Family Business Group ◽  
Family Leadership

Purpose The purpose of this paper is to provide some illustrative evidence to understand the distinctive forms of governance implemented by a well-established family business group (FBG) and to highlight the relative importance given to the different dimensions of socio-emotional wealth (SEW) during the internationalization process. Design/methodology/approach Drawing on multi-level and longitudinal data, the research provides in-depth insights into how the affiliated firms are linked to the focal firm, how the founding family in a large FBG organizes the top leadership roles spanning multiple countries and whether the inter-organizational and inter-personal networks changes over time and which are the most important items representing the SEW dimensions. Findings From the findings, it emerges that family ownership, family leadership and the presence of trusted people as pivotal actors in the FBG’s internationalization process. Originality/value The originality of the research stems from its contribution because despite providing illustrative evidence based on a single case-study, the findings offer additional insights over the importance of and the instrumental role played by SEW preservation as a perspective to explain FBGs’ internationalization.

scholarly journals Family Business and Transaction Exposure

2020 ◽  
Vol 6 (4) ◽  
pp. 129
Author(s):  
Khalil Nimer ◽  
Mahmoud Nassar ◽  
Naser Abu Ghazaleh ◽  
Abdulhadi Ramadan
Keyword(s):  
Developing Countries ◽  
Family Business ◽  
Multinomial Logistic Regression ◽  
Management Strategies ◽  
Business Group ◽  
Mediating Role ◽  
Hedging Strategies ◽  
Risk Management Strategies ◽  
Financial Strategies ◽  
Family Business Group

This study provides additional evidence and insight into theories on transaction exposure as it empirically examines the magnitude of transaction exposure in Kuwait, a developing country. Specifically, it investigates factors that might influence Kuwaiti firms’ responses to their transaction exposure and how being a family business or part of a family business group could play a mediating role in this response. Through conducting a questionnaire survey with the largest 147 industrial and commercial Kuwait firms, the results of a multinomial logistic regression indicate that theories on financial hedging seem to be inapplicable in the Kuwaiti case. However, these theories provide only partial explanations for management behavior in response to the transaction exposure of Kuwaiti companies. Findings show that a firm being part of a family business group is significantly correlated with its level of hedging, suggesting that firms that are members of a family group of businesses are expected to hedge at a higher level. This points to other theories, such as institutional theory, as playing greater roles in explaining the transaction exposure behaviors of firms in developing countries, and also suggests that family-controlled businesses are expected to engage in more innovative financial strategies and hedge at a higher level. The research findings imply that Kuwaiti firms need to be more aware of their transaction exposure and pay more attention to the related issues. Training programs in risk-management strategies should be provided to decision makers to help them evaluate the hedging strategies they employ. This study shows how different behaviors toward risk exist between firms that operate in developed and developing countries, including the effect of being part of a family business resulting in firms engaging in more innovative financial strategies when dealing with risk.

The Pérez Díaz Family Business Group: At a Crossroad in Venezuela

2018 ◽  
pp. 198-212
Author(s):  
Cristina Alvarado ◽  
Maria José Parada
Keyword(s):  
Family Business ◽  
Business Group ◽  
Family Business Group

Evolution of LG Group: A Family Business Group Perspective

2021 ◽  
Vol 25 (0) ◽  
pp. 21-50
Author(s):  
Hun-Joon Park ◽  
Hicheon Kim ◽  
Jieun Kim
Keyword(s):  
Family Business ◽  
Business Group ◽  
Group A ◽  
Family Business Group

The Murugappa Group Centuries-Old Business Heritage and Tradition

2017 ◽  
pp. 1-28
Author(s):  
John L. Ward ◽  
Carol Adler Zsolnay
Keyword(s):  
Family Business ◽  
Global Economy ◽  
Business Group ◽  
Business Unit ◽  
Corporate Board ◽  
Operational Management ◽  
Generation Family ◽  
Family Business Group

A successful five-generation family business group in India separates its ownership role from its operational management role to meet the needs of a more global economy. This includes hiring professional nonfamily business unit managers as well as including nonfamily directors on the corporate board.

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