This chapter examines the relationship between internationalization and risk management in family businesses, drawing on the bibliometric cluster “Internationalization and global risk.” The analysis focuses on how to enter foreign markets, currency risk management, and exposure to institutional and competitive risks in a global context. The results show that family businesses’ decisions to internationalize are often guided by conservative logic, oriented toward protecting socioemotional wealth (SEW) and the stability of family control. These choices are deeply influenced by the generation in charge, the composition of governance bodies, and the institutional characteristics of the destination countries. The chapter also highlights that openness to professionalization, investment in relational capital, and the adoption of advanced risk management tools enable the overcoming of cultural rigidity and risk aversion, thereby favoring more ambitious and resilient international growth strategies.

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Internationalization and Global Risk in Family Businesses

  • Anna Maria Moisello,
  • Pietro Gottardo

摘要

This chapter examines the relationship between internationalization and risk management in family businesses, drawing on the bibliometric cluster “Internationalization and global risk.” The analysis focuses on how to enter foreign markets, currency risk management, and exposure to institutional and competitive risks in a global context. The results show that family businesses’ decisions to internationalize are often guided by conservative logic, oriented toward protecting socioemotional wealth (SEW) and the stability of family control. These choices are deeply influenced by the generation in charge, the composition of governance bodies, and the institutional characteristics of the destination countries. The chapter also highlights that openness to professionalization, investment in relational capital, and the adoption of advanced risk management tools enable the overcoming of cultural rigidity and risk aversion, thereby favoring more ambitious and resilient international growth strategies.