Determinants of family business internationalization. Review of existing research

The article analyses the influence of several factors relevant to internationalization processes of family firms and differentiates between those factors that aid internationalization and those that hinder such process based on literature review. There are many reasons behind the international expansion of family businesses, as well as economic theories that attempt to explain them. This paper investigates how key features of family firms, such as long-term vision, entrepreneurial culture, undertaking risk-adverse strategies, fear of losing control, efficient decision-making process, family commitment influence the internationalization process of family firms.