How Do Family SMEs Control Their Investments Abroad? The Role of Distance and Family Control
Abstract
We explore how family-owned small and medium-sized enterprises (SMEs) control their investments abroad: through full ownership (wholly owned subsidiaries) or sharing the ownership with other partners (joint ventures). Focusing on the role of family control (family members as CEO and/or board chair) and three dimensions of distance (cultural, geographic, and institutional) to explain this choice, we analyze 1475 foreign subsidiaries owned by 701...
Paper Details
Title
How Do Family SMEs Control Their Investments Abroad? The Role of Distance and Family Control
Published Date
Dec 5, 2019
Volume
60
Issue
1
Pages
1 - 35
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