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    Rights statement: The final, definitive version of this article has been published in the Journal, Entrepreneurship Theory and Practice, ? (?), 2022, © SAGE Publications Ltd, 2022 by SAGE Publications Ltd at theEntrepreneurship Theory and Practice page: https://journals.sagepub.com/home/etpb on SAGE Journals Online: http://journals.sagepub.com/

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Outcome-based imitation in family firms’ international market entry decisions

Research output: Contribution to journalJournal articlepeer-review

E-pub ahead of print
<mark>Journal publication date</mark>11/02/2022
<mark>Journal</mark>Entrepreneurship Theory and Practice
Publication StatusE-pub ahead of print
Early online date11/02/22
<mark>Original language</mark>English

Abstract

This study examines the effects of family involvement on international market entry. Bridging theories of interorganizational imitation with the notion of socioemotional wealth protection, we argue that family-managed firms are more likely to act as “intuitive statisticians,” using the internationalization outcomes of industry peers to determine when to internationalize. An event history analysis of 2427 manufacturing firms supports this position. Family-managed firms’ likelihood to internationalize increases as prior entrants’ performance mean and variance increase. Ultimately, our study demonstrates that this imitation strategy enables family-managed firms to reduce risk and endure longer in broached international markets.

Bibliographic note

The final, definitive version of this article has been published in the Journal, Entrepreneurship Theory and Practice, ? (?), 2022, © SAGE Publications Ltd, 2022 by SAGE Publications Ltd at theEntrepreneurship Theory and Practice page: https://journals.sagepub.com/home/etpb on SAGE Journals Online: http://journals.sagepub.com/