The Influence of Socio-Emotional Wealth on the Speed of the Export Development Proces in Family and Non-Family Firms
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This paper proposes that family firms do not necessarily internationalize less than non-family 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.
1997 ◽
Vol 21
(3)
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pp. 55-71
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2020 ◽
Vol ahead-of-print
(ahead-of-print)
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2019 ◽
Vol 44
(5)
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pp. 996-1031
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2019 ◽
Vol 35
(2)
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pp. 260-269
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2004 ◽
Vol 17
(4)
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pp. 319-330
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2002 ◽
Vol 15
(4)
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pp. 299-320
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