国际化
托比模型
业务
有序概率单位
控制(管理)
社会情感选择理论
独创性
营销
Probit模型
面板数据
订单(交换)
普罗比特
人口经济学
样品(材料)
产业组织
经济
国际贸易
财务
心理学
社会心理学
管理
计量经济学
发展心理学
创造力
化学
色谱法
作者
Joaquín Monreal-Pérez,Gregorio Sánchez Marín
出处
期刊:Journal of Small Business and Enterprise Development
[Emerald (MCB UP)]
日期:2017-06-29
卷期号:24 (4): 775-792
被引量:28
标识
DOI:10.1108/jsbed-02-2017-0029
摘要
Purpose The purpose of this paper is to study the internationalization of family firms, exploring specifically if the transition from family control to non-family control (losing family managerial influence) affects a firm’s export activity. Design/methodology/approach Based on panel data for Spanish firms from 2006 to 2012, a random effect tobit and probit regression and a propensity score matching were run on a sample of 225 firms moving from family to non-family control (switchers) matched with 4,213 firms remaining under family control (non-switchers). Findings Although from a static viewpoint family controlled firms export less than their non-family counterparts, from a dynamic perspective family firms remaining under family control (non-switchers) are associated with a fall in export activity in comparison with family firms transitioning to non-family control (switchers). Both findings are related back to the socioemotional wealth (SEW) perspective. Research limitations/implications The findings of this study shed light on the trade-offs that family firms experience in order to balance their desire to increase their internationalization (and the risk associated with it) and their wish to maintain SEW. Practical implications The findings should encourage family owners and managers to take long-term strategic decisions leading to internationalization which, although risky, will prevent subsequent loss of SEW in terms of family control. Originality/value This work provides evidence concerning family firms’ willingness to undertake risky activities, such as internationalization, considering the threats to their wealth.
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