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Struggling for Survival

Family SMEs are embedded with unique characteristics of family ownership and management and the attributes of resource constraints and smallness in SMEs. At present, these firms are struggling for survival due to the pandemic crisis. Fast and assertive policy strategies need to be implemented to promote resilience, raising survival propensity. To better understand and recognize internationalization patterns in family SMEs, the authors conduct a systematic literature review with theoretical and empirical articles in the last 15 years. The study contributes to the literature by identifying and clustering state of the art regarding family SMEs in their internationalization strategies; moreover, they provide a theoretical basis for future guidelines of empirical research regarding the used frameworks, most predominant strategies, managerial determinants, and the elements that may lead these firms to their long-term survival and their success and prosperity in international markets.