Impact of ownership on the international involvement of SMEs

• 成果类型: Article
• 署名作者: Fernandez, Zulima; Nieto, Maria Jesus
• 署名单位: Universidad Carlos III de Madrid
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400196
• 发表日期: 2006
• 页码: 340-351
• 关键词: internationalisation; corporate governance; SMEs

摘要

This paper analyses the relationship between the internationalisation strategies of SMEs and types of ownership. Different types of ownership affect firms, and this in turn will influence the internationalisation strategy adopted. Using a sample of Spanish SMEs, our results show that internationalisation is negatively related to family ownership and positively related to corporate ownership. We have also observed that the presence of a corporate blockholder in family firms encourages internationalisation. These results support the idea that ownership type influences the decision to internationalise.