Bonding and bridging social capital in family firm internationalization

• DOI: 10.7433/s112.2020.06
• Publication Date: 2020-10-09T07:24:23Z
• Authors: EMANUELA RONDI; FRANCESCO DEBELLIS; ALFREDO DE MASSIS; ANTONELLO GARZONI
• Keywords: family firms; internationalization; global value chain; social capital; SMEs;; 330; 9. Industry and infrastructure; 0502 economics and business; 05 social sciences; 8. Economic growth; 650; Internationalization; Small and medium-sized enterprises (SMEs); Global value chain; Family firms; Social capital

Purpose of the paper:This paper aims to study how family firms manage their Global Value Chain (GVC).In particular, we investigate are able keep control over operations outsourced foreign partners.Prior research focused on understanding GVC has mainly concentrated large multinational enterprises.However, while enterprises can overcome transaction cost complexities by exploiting superior legitimacy and power weaker firms, SMEs often do not have that amount due financial managerial constrains.In this study, thus conceptually examine a unique characteristic help resource limits gain GVC: distinctive social capital.Methodology: Conceptual Findings: Family exploit capital in order build long-term relationships based trust with partners, thereby being without legally owning it.Research limits: The is conceptual, future should test model empirically theorized mechanisms.Social only grasped according its positive side relation cohesion, negative role conflict our model.Finally, firm heterogeneity currently neglected.Practical implications: Our offers insightful suggestions executives partners terms design governance GVC.Originality paper: theoretical contributions current internationalization beyond exports.