This paper aimed at investigating the impact of family involvement ownership to internationalization decision on the samples of firms of IT industry in Taiwan. We classify family involvement into two types: family involvement in ownership (FIO) and family involvement in management (FIM), and propose that a positive relationship exists between FIO (FIM) and internationalization. Moreover, we treat outside director as moderators to investigate their roles on family involvement to internationalization. Our research enabled us to better understand the potential impact that family ownership and structure of board has on international decision.
The empirical results show that family involvement in ownership has a positive relationship with internationalization, according to the Stewardship Theory. Family involvement in management has a positive relationship with internationalization, too. And the higher proportion of outside directors, it will be a positive regulator of the relationship between family involvement in management and internationalization.
