Abstract
Internationalization of family businesses is often considered a way to revitalize both the family and the business. However, the debate on its challenges and constraints is still inconclusive. This study explores whether incoming generations' involvement impacts the decision to exploit and explore international opportunities and to what extent altruism and competence‐based trust mediate that relationship. Three propositions are formulated drawing from international entrepreneurship literature and stewardship theory. To validate this framework, a multiple case study on four Italian family firms has been conducted. Implications for theory and practice are finally discussed.
Additional information
Notes on contributors
Andrea Calabrò
Andrea Calabrò is Full Professor at Witten Institute for Family Business, University of Witten/Herdecke.
Marina Brogi
Marina Brogi is Full Professor at Department of Banking, Insurance and Capital Markets, University of Rome “La Sapienza.”
Mariateresa Torchia
Mariateresa Torchia is a Assistant Professor at Reinhard‐Mohn‐Endowed‐Chair of Management and Governance, University of Witten/Herdecke.