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Family-managed firms and local export spillovers: evidence from Spanish manufacturing firms

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  • Stefano Amato
  • Rodrigo Basco
  • Mikaela Backman
  • Nicola Lattanzi

Abstract

By combining arguments from regional economics and family business research, the aim of this article is to test the relationships among local export spillovers, management characteristics, and export propensity on a large sample of Spanish manufacturing firms over the 2003–2015 period. We find that family-managed firms, compared to their non-family counterparts, benefit more from being located in regions with a high density of exporters. Because of their firm-specific social capital and strong embeddedness in local networks, family-managed firms are better positioned to leverage the spatially bounded flow of knowledge and information in these regions, resulting in a higher likelihood to export than non-family firms. Additionally, our results show that the knowledge spillover effect is stronger for small and low-tech family firms’ export propensity.

Suggested Citation

  • Stefano Amato & Rodrigo Basco & Mikaela Backman & Nicola Lattanzi, 2021. "Family-managed firms and local export spillovers: evidence from Spanish manufacturing firms," European Planning Studies, Taylor & Francis Journals, vol. 29(3), pages 468-492, March.
    • Handle: RePEc:taf:eurpls:v:29:y:2021:i:3:p:468-492
    DOI: 10.1080/09654313.2020.1743238
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    Cited by:

    1. Cirillo, Alessandro & Maggi, Barbara & Sciascia, Salvatore & Lazzarotti, Valentina & Visconti, Federico, 2022. "Exploring family millennials’ involvement in family business internationalization: Who should be their leader?," Journal of Family Business Strategy, Elsevier, vol. 13(3).
    2. Sarker, Bibhuti & Serieux, John, 2022. "Foreign-invested and domestic firm attributes and spillover effects: Evidence from Brazil," Journal of Multinational Financial Management, Elsevier, vol. 63(C).
    3. Abegaz, Melaku & Nene, Gibson, 2022. "Export agglomeration economies in Sub-Saharan Africa manufacturing and service sectors," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 40-51.

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