Strategic agility and international joint ventures:The willingness-ability paradox of family firms

Debellis, Francesco and De Massis, Alfredo and Messeni Petruzzelli, Antonio and Frattini, Federico and Del Giudice, M (2020) Strategic agility and international joint ventures:The willingness-ability paradox of family firms. Journal of International Management. ISSN 1075-4253

[img]
Text (Finale__Paper FD_2nd round_vADM (1))
Finale_Paper_FD_2nd_round_vADM_1_.pdf - Accepted Version
Restricted to Repository staff only until 6 February 2022.
Available under License Creative Commons Attribution-NonCommercial-NoDerivs.

Download (381kB)

Abstract

Despite the considerable increase in studies on international joint ventures (IJVs) and family business, the two research streams have yet to be systemically integrated. Family firms have unique characteristics that affect their involvement in IJVs differently from their non-family counterparts. Indeed, family firms face a paradox entailing a lower willingness to form IJVs, but a higher ability to govern them. Drawing on three distinct components of strategic agility (i.e., strategic sensitivity, leadership unity, and resource fluidity), we develop a theoretical framework that unravels this paradox. Specifically, we argue that strong emotional attachment reduces family firms' strategic sensitivity, creating a motivational gap with respect to forming IJVs. On the other hand, when family firms overcome this gap by making full use of their board of directors, they have higher levels of leadership unity and resource fluidity. These dimensions lead to a greater ability to govern the complexities of the relationship, hence reducing opportunistic hazards, and significantly increasing the odds of the long-term success of IJVs. We develop propositions for empirical studies, and offer implications and directions for future research.

Item Type:
Journal Article
Journal or Publication Title:
Journal of International Management
Additional Information:
This is the author’s version of a work that was accepted for publication in Journal of International Management. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of International Management, ?, ?, 2020 DOI: 10.1016/j.intman.2020.100739
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/1400/1408
Subjects:
ID Code:
141317
Deposited By:
Deposited On:
11 Feb 2020 16:25
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Dec 2020 07:53