Do Family-Owned Businesses Have a Strategic Advantage in International Joint Ventures?

Abstract

In an increasingly turbulent global economic environment, companies are searching for winning ways of doing business internationally. One frequently discussed type of business is the joint venture. In this article, we argue that the likelihood of success for an international joint venture increases when both partners are family-owned businesses. These firms have shared values and goals that enable them to bridge cultural barriers more effectively than publicly held corporations.