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Bridging locality and internationalization – A research agenda on the sustainable development of family firms

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  • Massimo Baù
  • Joern Block
  • Allan Discua Cruz
  • Lucia Naldi

Abstract

Globalization, digital technologies, societal and environmental concerns influence the way family firms operate locally and internationally. Family firms are often torn between their local and global environments, simultaneously visible and embedded in their local environment while marketing their products and services abroad. Unlike large multinationals that have often lost their roots, family firms manifest an active interest in maintaining their local roots and traditions. Moreover, increasing concerns with sustainable development call for continuity through sustainability aimed at improving local and global socioeconomic conditions. This editorial of the special issue on ‘Locality and Internationalization of Family Firms’ discusses this tension that family firms face and how they can build bridges between communities increasingly drifting apart. By bridging local and global environments, family firms can contribute to the sustainable development of society. We present a research agenda addressing this particular bridging function of family firms and propose several avenues for future research.

Suggested Citation

  • Massimo Baù & Joern Block & Allan Discua Cruz & Lucia Naldi, 2021. "Bridging locality and internationalization – A research agenda on the sustainable development of family firms," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 33(7-8), pages 477-492, August.
    • Handle: RePEc:taf:entreg:v:33:y:2021:i:7-8:p:477-492
    DOI: 10.1080/08985626.2021.1925846
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    Cited by:

    1. Block, Joern & Ulrich, Lennart, 2023. "Are family owners and managers good stewards in global crises? Evidence from stock market reactions to Covid-19," Journal of Family Business Strategy, Elsevier, vol. 14(1).
    2. Spielmann, Nathalie & Discua Cruz, Allan & Tyler, Beverly B. & Cerrato, Daniele, 2022. "Signaling stewardship and the value of family in a brand heritage Identity: A cross-cultural study of wineries," Journal of Business Research, Elsevier, vol. 153(C), pages 35-45.
    3. He, Xuan & Xiao, Weicheng, 2022. "What drives family SMEs to internationalize? An integrated perspective of community institutions and knowledge resources," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 81(C).

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