The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms
This paper proposes that family firms do not necessarily internationalize less than nonfamily businesses, but rather, they do it more slowly. Lower speed of internationalization process of family business (measured by the speed of the export development process) is a consequence of the role of the s...
| Autores: | , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2021 |
| País: | España |
| Institución: | Universidad de Sevilla (US) |
| Repositorio: | idUS. Depósito de Investigación de la Universidad de Sevilla |
| OAI Identifier: | oai:idus.us.es:11441/136175 |
| Acceso en línea: | https://hdl.handle.net/11441/136175 https://doi.org/10.24310/ejfbejfb.v11i2.10782 |
| Access Level: | acceso abierto |
| Palabra clave: | Export behavior Family firm Internationalization process Socio-emotional wealth Speed of internationalization Empresa familiar Exportaciones Riqueza socioemocional Proceso de internacionalización Velocidad de internacionalización |
| Sumario: | This paper proposes that family firms do not necessarily internationalize less than nonfamily businesses, but rather, they do it more slowly. Lower speed of internationalization process of family business (measured by the speed of the export development process) is a consequence of the role of the socio-emotional wealth (SEW) in these firms. SEW operates through three different mechanisms: (1) long-term orientation, (2) risk avoidance, and (3) lack of resources to be independent. The empirical research, based on a panel of more than a thousand Spanish manufacturing firms along nine years (2006-2014), supports the hypothesis proposed, independently of firm’s previous size, age, and export commitment level. |
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