Abandoning Family Management - Analysis of the Effects on Exports
DOI:
https://doi.org/10.24310/ejfbejfb.v10i2.10099Keywords:
Family firm management, Management transition, Export propensityAbstract
Finding the internationalization triggers of family-managed firms is not easy because family-managed firms are regarded as being very different to begin with (e.g. Bloom et al., 2011).In investigating the role of family management, we apply a Spanish sample of 805 family-managed firms to investigate the impact of abandoning such management on export propensity. Through a Logit model, we find that such abandon is associated with a fall in export propensity, findings we relate back to managerial theories of the firm. This finding is related to specific features of family managed firms that favour export activity such as a greater flexibility and altruism. The conclusions of this work have a number of relevant implications.
Downloads
Metrics
References
Barrios, S., Görg, H., & Strobl, E. (2003). Explaining Firms’ Export Behaviour: R&D, Spillovers and the Destination Market. Oxford Bulletin of Economics and Statistics, 65(4), 475-496.
Baum, C. F. (2006). An introduction to modern econometrics using Stata. Stata Press, Texas.
Bhaumik, S.K. & Gregoriou, A. (2010). Family ownership, tunnelling and earnings management: A review of the literature. Journal of Economic Surveys, 24, 4, 705-730.
Benavides-Velasco, C. A., Quintana-García, C., & Guzmán-Parra, V. F. (2013). Trends in family business research. Small Business Economics, 40, 41-57.
Bloom, N., Sadun, R. & Van Reenen, J. (2011). Keeping family-owned firms family-run from one generation to the next can be bad for business. British Politics and Policy at LSE (2011).
Casillas, J. C., Moreno, A. M., & Acedo, F. J. (2010). Internationalization of family businesses: A theoretical model based on international entrepreneurship perspective. Global Management Journal, 2(2), 18-35.
Caldera, A. (2010). Innovation and exporting: evidence from Spanish manufacturing firms. Review of World Economics, 146, 657–689.
Davis, J. H., Schoorman, D. F., & Donaldson, L. (1997). Towards a stewardship theory of management. Academy of Management Review, 22, 20–47.
Esteve-Pérez, S., & Rodríguez, D. (2013). Exports and R & D. Small Business Economics, 41, 219-240.
Fernandez, Z., & Nieto, M. J. (2005). Internationalization strategy of small and medium-sized family businesses: Some influential factors. Family Business Review, 18, 77-89.
Freixanet, J., Monreal, J., & Sanchez-Marin, G. (2018). Leveraging new knowledge: The learning-by-exporting effect on leading and lagging family firms. Academy of Management Proceedings, 2018 (1), 14923.
Gomez-Mejia, L. R., Cruz, C., Berrone, P., & De Castro, J. (2011). The bind that ties: Socioemotional wealth preservation in family firms. Academy of Management Annals, 5, 653-707.
Gomez-Mejia, L. R., Haynes, K., Nuñez-Nickel, M., Jacobson, K. J. L., & Moyano-Fuentes, J. (2007). Socioemotional wealth and business risks in family-controlled firms: Evidence from Spanish olive oil mills. Administrative Science Quarterly, 52, 106-137.
Gomez-Mejia, L. R., Makri, M., and Larraza-Quintana, M. (2010). Diversification decisions in family-controlled firms. Journal of Management Studies, 47, 223-252.
Greenaway, D., & Kneller, R. (2008). Exporting, productivity and agglomeration. European Economic Review, 52(5), 919-939.
Hamelin, A. (2013). Influence of family ownership on small business growth. Evidence from French SMEs. Small Business Economics, 41, 563-579.
Hanley, A., & Monreal-Pérez, J. (2012): Are newly exporting firms more innovative? Findings from matched Spanish innovators. Economics Letters, 116, 217–220.
Katsikeas, C. S., Leonidou, L. C. & Morgan, N. A. (2000). Firm-level export performance assessment: Review, evaluation, and development. Journal of the Academy of Marketing Science, 28(4), 493-511.
Kontinen, T., & Ojala, A. (2010). The internationalization of family businesses: A review of extant research. Journal of Family Business Strategy, 1, 97-107.
Kontinen, T., & Ojala, A. (2011). International opportunity recognition among small and medium-sized family firms. Journal of Small Business Management, 49, 490–514.
Leiblein, M. J., Reuer, J. J. & Dalsace, F. (2002). Do Make or Buy Decisions Matter? The Influence of Organizational Governance on Technological Performance. Strategic Management Journal, 23(10), 817-833.
Merino de Lucas, F; Monreal-Pérez, J. & Sánchez-Marín, G. (2015): Family SMEs’ internationalization: disentangling the influence of familiness on Spanish firms’ export activity. Journal of Small Business Management. 53. (4). 1164-1184.
Ministerio de Hacienda y Administraciones Públicas de España (2014). Presentación del Proyecto de Presupuestos Generales del Estado 2014. Secretaría de Estado de Presupuestos y Gastos, Madrid.
Miller, D., & Le Breton-Miller, I. (2005). Managing for the long run: Lessons in competitive advantage from great family businesses. Harvard Business School Press, Boston, MA.
Miller, D., Le Breton-Miller, I., & Scholnick, B. (2008). Stewardship vs. stagnation: An empirical comparison of small family and non-family businesses. Journal of Management Studies, 45, 51-78.
Monreal-Pérez, J., & Sánchez-Marín, G. (2017). Does transitioning from family to non-family controlled firm influence internationalization? Journal of Small Business and Enterprise Development, 24(4), 775-792.
Naldi, L., & Nordquvist, M. (2008). Family Firms Venturing into International Markets: A Resource Dependence Perspective, Frontiers of Entrepreneurship Research, 28(14), 1-18.
Pukall, T. J., & Calabrò, A. (2013). The internationalization of family firms: A critical review and integrative model. Family Business Review, doi:10.1177/0894486513491423.
Samara, G., Jamali, D., Sierra, V. & Parada, M.J. (2018). Who are the best performers? The environmental social performance of family firms. Journal of Family Business Strategy, 9(1), 33-43.
Sánchez-Marín, G.; Pemartín, M. & Monreal-Pérez, J. (2020). The influence of family involvement and generational stage on learning-by-exporting among family firms. Review of Managerial Science, 14 (1), 311-334.
Sciascia, S., Mazzola, P., Astrachan, J. H., & Pieper, T. (2012). The role of family ownership in international entrepreneurship: Exploring nonlinear effects. Small Business Economics, 38, 15-31.
Segaro, E. (2010). Internationalization of family SMEs: The impact of ownership, governance, and top management team. Journal of Management and Governance, 14, 1-23.
Sousa, C. M. P., Martínez-López, F. J. & Coelho, F. (2008). The Determinants of Export Performance: A Review of the Research in the Literature Between 1998 and 2005. International Journal of Management Reviews. 10 (4), 343-374.
Wagner, J. (2001). A note on the firm size–export relationship. Small Business Economics, 17(4), 229-237.
Published
How to Cite
Issue
Section
License
Copyright generates two different rights: moral rights and patrimonial rights that EJFB recognizes and respects. Moral rights are those relating to the recognition of the authorship. They are rights of a personal nature that are perpetual, inalienable, unseizable and imprescriptible as consequence of the indivisible union of the author and his/her work. Patrimonial rights are those that can be derived from the reproduction, distribution, adaptation or communication of the work, among others.
Authors who publish in EJFB retain the copyright of their work and grant the right of its first publication to the journal in open access. EJFB is authorized to reproduce, distribute, disseminate or communicate the work under a CC BY-NC-SA 4.0 License. This means that you are free to share and adapt this work under the following terms:
- Attribution — You must give appropriate credit to its author(s), which implie the right to be reconognized and cited correctly.
- NonCommercial — You may not use the material for commercial purposes.
- ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
.png){kind=logo}
27.png)
