Using socioemotional wealth, this study advances our understanding of the various internationalization strategies family businesses adopt by exploring the governance and resource configurations that exist when family firms pursue distinct internationalization strategies. Using fuzzy-set qualitative comparative analysis (FsQCA) on a sample of 775 Colombian family firms, our findings reveal a distinct set of resource and governance configurations that are present when family firms engage in less risky internationalization strategies such as exports, or in more risky internationalization strategies such as foreign direct investments (FDIs). The paper concludes with a discussion of theoretical and practical implications.

本研究利用社会情感财富，通过探索家族企业追求不同的国际化战略时存在的治理和资源配置，加深了我们对家族企业所采取的各种国际化战略的理解。对 775 家哥伦比亚家族企业的样本进行模糊集定性比较分析 (FsQCA)，我们的研究结果揭示了当家族企业从事出口等风险较低的国际化战略或风险较高的国际化战略时，会出现一组独特的资源和治理配置。国际化战略，例如外国直接投资（FDI）。本文最后讨论了理论和实践意义。