RT Journal Article
T1 The asymmetric effect of institutional distance on international location: family versus nonfamily firms
A1 Hernández Paz, Virginia
A1 Nieto Sánchez, María Jesús
A1 Boellis, Andrea
AB This study examines international location choice by considering the potential effects of institutional distance on the decision comparing family and nonfamily firms. We argue that the magnitude and direction of institutional distance matter and that institutional distance has an asymmetric effect on location choice. However, we argue that family involvement has a moderating effect on this relationship because family firms manage institutional distance differently than nonfamily counterparts. Our results, using a sample of Italian firms (2000-2013), reveal that firms are more likely to choose locations for which the positive institutional distance is greater. Additionally, when compared to nonfamily firms, family firms are more likely to choose locations with greater negative institutional distance and less likely to enter countries with greater positive institutional distance.
PB Wiley
SN 2042-5805
YR 2018
FD 2018-02
LK https://hdl.handle.net/10016/33856
UL https://hdl.handle.net/10016/33856
LA eng
NO Special issue: Family Firms and Family Governed Multinationals in the Global Economy.
NO Community of Madrid and European Social Fund, Grant/Award number: CM S2015/HUM-3417-INNCOMCON; Spanish Ministry of Economy and Competitiveness, Grant/Award number: ECO2015-67296-R.
DS e-Archivo
RD 27 jul. 2024