Internationalisation of Spanish family SMEs: an analysis of family involvement

2005 ◽  
Vol 1 (2) ◽  
pp. 134 ◽  
Author(s):  
Jose C. Casillas ◽  
Francisco J. Acedo
Keyword(s):  
Family Involvement ◽  
Spanish Family ◽  
Family Smes

scholarly journals Family Involvement in the Firm and Exports in the Family SME: Is the Manager’s International Orientation Influential?

2015 ◽  
Vol 7 (3) ◽  
pp. 69-99 ◽  
Author(s):  
Sami Basly
Keyword(s):  
Family Involvement ◽  
Family Firms ◽  
Positive Influence ◽  
International Orientation ◽  
The Family ◽  
Sample Data ◽  
Family Smes ◽  
Family Involvement In Management ◽  
The Relationship

AbstractDoes the family involvement affect exports in the family firm? The literature seems to support this view even if the direction and magnitude of this impact remains controversial. Drawing on the perspectives of agency [Chrisman et al. 2004; Schulze et al. 2001] and stewardship as applied to family firms [Davis, Schoorman and Donaldson 1997] and also on socio-emotional wealth perspective [Gómez-Mejía et al. 2007], this study seeks to contribute to this debate by studying the influence of family involvement on the SME exports intensity. To reconcile the divergent views, our research attempts to assess the role of the manager’s international orientation as a variable moderating the relationship between family involvement and exports in SMEs. Based on a hypothetical-deductive approach, the study uses a sample data of 125 family SMEs obtained through a questionnaire. The results show that even if the positive influence of the manager’s international orientation is corroborated, its moderating role seems to be limited to only one facet of the construct of family involvement i.e. involvement in management. Moreover, owning-family involvement in management seems to negatively influence exports while some results argue for a positive effect of the family involvement in ownership on exports.

The Heterogeneity of Family Firms in CSR Engagement

2014 ◽  
Vol 27 (3) ◽  
pp. 206-227 ◽  
Author(s):  
Pilar Marques ◽  
Pilar Presas ◽  
Alexandra Simon
Keyword(s):  
Corporate Social Responsibility ◽  
Grounded Theory ◽  
Social Responsibility ◽  
Case Studies ◽  
Family Involvement ◽  
Family Firms ◽  
Stewardship Theory ◽  
Spanish Family ◽  
Corporate Social ◽  
Csr Engagement

This study addresses the heterogeneity of family firms in their engagement with corporate social responsibility (CSR). We build on stewardship theory and socioemotional wealth to explore the foundations of CSR in family firms and to examine whether the extent of engagement is based on values, and how and why this happens. We use the interpretative method of grounded theory to address these questions. Based on 12 case studies of Spanish family firms, this article illustrates the patterns of influence of family involvement and values in explaining the extent and scope of CSR.

Factors Determining the Internationalization of Spanish Family SMEs

2020 ◽  
pp. 148-167
Author(s):  
Marta Fernández-Olmos
Keyword(s):  
Human Resources ◽  
Family Firms ◽  
Business Strategies ◽  
International Expansion ◽  
Foreign Markets ◽  
Product Innovations ◽  
The Family ◽  
Spanish Family ◽  
Family Smes ◽  
Degree Of Internationalization

This chapter examines the factors determining international expansion for a group of Spanish family SMEs. Internationalization is modelled taking into account both the decision to enter foreign markets and the degree of internationalization. This chapter uses the information provided by the Survey on Business Strategies in Spain, including 1,519 observations. The results indicate that the presence of the second generation in the family firm, the establishment of alliances with other firms, and some intangible resources (in particular, product innovations, and human resources) all positively influence the degree of internationalization. The results also indicate that the size and age of family firms are important factors in determining their international expansion.

scholarly journals Familiness and socioemotional wealth in Spanish family firms: An empirical examination

2017 ◽  
Vol 7 (1-2) ◽  
Author(s):  
Ismael Barros ◽  
Juan Hernangómez ◽  
Natalia Martin-Cruz
Keyword(s):  
Organizational Effectiveness ◽  
Family Involvement ◽  
Family Business ◽  
Family Firms ◽  
Family Influence ◽  
Socioemotional Wealth ◽  
Empirical Examination ◽  
The Family ◽  
Spanish Family ◽  
The Impact

The socioemotional wealth (SEW) related to emotional endowments accumulated in the business by the family, is one of the most important features that differentiate the family firms of other organizations. However, there are few studies developed in the context of the antecedents and consequences of the building and use of SEW in the family business. Therefore, this study, using a sample of Spanish family firms that are non-publicly traded, explains how family influence affects the building and use of SEW and, thus, the organizational effectiveness of the family firm. The results indicate mixed results regarding the impact of the family involvement on the essence. Those suggest a positive relationship between building and use of SEW and organizational effectiveness of the family business.

Does the private equity financing improve performance in family SMEs?

2019 ◽  
Vol 9 (1) ◽  
pp. 110-124 ◽  
Author(s):  
Dario Salerno
Keyword(s):  
Family Involvement ◽  
Design Methodology ◽  
Private Equity ◽  
The European Union ◽  
Improve Performance ◽  
Equity Financing ◽  
Content Type ◽  
Family Smes ◽  
One Year ◽  
The One

Purpose The purpose of this paper is to explore the relation between family involvement in ownership and the performance of private equity (PE)-backed SMEs. Design/methodology/approach Using a sample of 533 European PE-backed SMEs (i.e. 107 PE-backed family SMEs and 426 PE backed non-family SMEs), the author estimate the OLS model where a firms operating performance is a function of the presence or not of family shareholders, various other firm-specific characteristics, the experience of PE investor and a dummy for the financial crisis. To control the robustness of results, the author restrict the analysis to those firms that are incorporated in one of the 15 old member states of the European Union and the author include among the independent variables the one-year lagged values of the dependent variable. Findings The results show that PE-backed family SMEs outperform non-family PE-backed SMEs over the post-investment period. Originality/value This paper aims to extend literature about the link between PE backing and the involvement of family in ownership, considering European countries.

scholarly journals The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry

2020 ◽  
Vol 9 (1) ◽  
pp. 43-50
Author(s):  
Marta Fernández Olmos ◽  
Giulio Malorgio
Keyword(s):  
Family Involvement ◽  
Family Firms ◽  
Family Members ◽  
Wine Industry ◽  
Strategic Decision ◽  
Top Managers ◽  
The Family ◽  
Family Smes ◽  
The Relationship

Institutional networking is a key element in businesses’ internationalisation processes and is an important strategy for promoting the long-term growth and survivability of family SMEs in the DOC Rioja wine industry. We hold that the proportion of family members in the TMT plays an important role in strategic decision-making and helps to explain the speed of their internationalisation process. This paper contributes to the scant research on the influence of family involvement in the TMT by analysing the moderating effects of two diversities on the relationship between institutional networking and the speed of internationalisation: the family TMT ratio and generational involvement. Using a broad sample of 77 family wineries in DOC Rioja, the results obtained indicate that institutional networking plays a significant role in explaining the speed of internationalisation in family firms and that this relationship is weaker when a larger proportion of family members serve as top managers. The empirical results also have interesting implications for the managers of family firms as it may help them to identify the effective composition of TMTs to be considered when deciding on the process of internationalisation.

scholarly journals Internationalisation and performance in Spanish family SMES: The W-curve

2016 ◽  
Vol 19 (2) ◽  
pp. 122-136 ◽  
Author(s):  
Marta Fernández-Olmos ◽  
Ana Gargallo-Castel ◽  
Enrique Giner-Bagües
Keyword(s):  
Spanish Family ◽  
Family Smes ◽  
And Performance
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