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...

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Detalhes bibliográficos
Autores: Moreno Menéndez, Ana María, Castiglioni, Marco, Cobeña Ruiz-Lopera, María del Mar
Formato: artículo
Estado:Versión publicada
Fecha de publicación:2021
País:España
Recursos:Universidad de Sevilla (US)
Repositorio:idUS. Depósito de Investigación de la Universidad de Sevilla
OAI Identifier:oai:idus.us.es:11441/136175
Acesso em linha:https://hdl.handle.net/11441/136175
https://doi.org/10.24310/ejfbejfb.v11i2.10782
Access Level:acceso abierto
Palavra-chave:Export behavior
Family firm
Internationalization process
Socio-emotional wealth
Speed of internationalization
Empresa familiar
Exportaciones
Riqueza socioemocional
Proceso de internacionalización
Velocidad de internacionalización
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spelling The influence of socio-emotional wealth on the speed of the export development process in family and non-family firmsLa influencia de la riqueza socioemocional sobre la velocidad del proceso exportador en empresas familiares y no familiaresMoreno Menéndez, Ana MaríaCastiglioni, MarcoCobeña Ruiz-Lopera, María del MarExport behaviorFamily firmInternationalization processSocio-emotional wealthSpeed of internationalizationEmpresa familiarExportacionesRiqueza socioemocionalProceso de internacionalizaciónVelocidad de internacionalizaciónThis 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.Este trabajo propone que las empresas familiares no necesariamente se internacionalizan menos que las empresas no familiares, sino que lo hacen más lentamente. La baja velocidad del proceso de internacionalización de la empresa familiar (medida por la velocidad del proceso de desarrollo exportador) es consecuencia del papel de la riqueza socioemocional (SEW) en estas empresas. La SEW opera a través de tres mecanismos diferentes: (1) orientación a largo plazo, (2) evitación de riesgos y (3) falta de recursos para ser independiente. La investigación empírica, basada en un panel de más de mil empresas manufactureras españolas a lo largo de nueve años (2006-2014), apoya la hipótesis propuesta, independientemente del tamaño, antigüedad y nivel de compromiso exportador anterior de la empresa.Ministerio de Economía y Competitividad (MINECO). España ECO2013-45329-RUniversidad de MálagaAdministración de Empresas y MarketingMinisterio de Economía y Competitividad (MINECO). España2021info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfhttps://hdl.handle.net/11441/136175https://doi.org/10.24310/ejfbejfb.v11i2.10782reponame:idUS. Depósito de Investigación de la Universidad de Sevillainstname:Universidad de Sevilla (US)InglésEuropean Journal of Family Business, 11 (2), 10-25.ECO2013-45329-Rhttps://doi.org/10.24310/ejfbejfb.v11i2.10782info:eu-repo/semantics/openAccessoai:idus.us.es:11441/1361752026-06-17T12:51:07Z
dc.title.none.fl_str_mv The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms
La influencia de la riqueza socioemocional sobre la velocidad del proceso exportador en empresas familiares y no familiares
title The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms
spellingShingle The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms
Moreno Menéndez, Ana María
Export behavior
Family firm
Internationalization process
Socio-emotional wealth
Speed of internationalization
Empresa familiar
Exportaciones
Riqueza socioemocional
Proceso de internacionalización
Velocidad de internacionalización
title_short The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms
title_full The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms
title_fullStr The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms
title_full_unstemmed The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms
title_sort The influence of socio-emotional wealth on the speed of the export development process in family and non-family firms
dc.creator.none.fl_str_mv Moreno Menéndez, Ana María
Castiglioni, Marco
Cobeña Ruiz-Lopera, María del Mar
author Moreno Menéndez, Ana María
author_facet Moreno Menéndez, Ana María
Castiglioni, Marco
Cobeña Ruiz-Lopera, María del Mar
author_role author
author2 Castiglioni, Marco
Cobeña Ruiz-Lopera, María del Mar
author2_role author
author
dc.contributor.none.fl_str_mv Administración de Empresas y Marketing
Ministerio de Economía y Competitividad (MINECO). España
dc.subject.none.fl_str_mv Export behavior
Family firm
Internationalization process
Socio-emotional wealth
Speed of internationalization
Empresa familiar
Exportaciones
Riqueza socioemocional
Proceso de internacionalización
Velocidad de internacionalización
topic Export behavior
Family firm
Internationalization process
Socio-emotional wealth
Speed of internationalization
Empresa familiar
Exportaciones
Riqueza socioemocional
Proceso de internacionalización
Velocidad de internacionalización
description 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.
publishDate 2021
dc.date.none.fl_str_mv 2021
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/11441/136175
https://doi.org/10.24310/ejfbejfb.v11i2.10782
url https://hdl.handle.net/11441/136175
https://doi.org/10.24310/ejfbejfb.v11i2.10782
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv European Journal of Family Business, 11 (2), 10-25.
ECO2013-45329-R
https://doi.org/10.24310/ejfbejfb.v11i2.10782
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Universidad de Málaga
publisher.none.fl_str_mv Universidad de Málaga
dc.source.none.fl_str_mv reponame:idUS. Depósito de Investigación de la Universidad de Sevilla
instname:Universidad de Sevilla (US)
instname_str Universidad de Sevilla (US)
reponame_str idUS. Depósito de Investigación de la Universidad de Sevilla
collection idUS. Depósito de Investigación de la Universidad de Sevilla
repository.name.fl_str_mv
repository.mail.fl_str_mv
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score 15.301629

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