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The influence of ownership structure and board strategic involvement on international sales: The moderating effect of family involvement

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  • Calabrò, Andrea
  • Torchia, Mariateresa
  • Pukall, Thilo
  • Mussolino, Donata

Abstract

This paper contributes to the family business and the international business literature by analysing whether and to what extent different compositions of the ownership structure and degrees of board strategic involvement impact on the level of international sales of family and non-family businesses. Our main hypotheses are tested on a sample of 342 Norwegian firms via regression analysis. The results from this study show the existence, in both in family and non-family businesses, of a positive and significant relationship between foreign investors’ ownership and the level of international sales. Furthermore, the relationship between CEO ownership impacts negatively on international sales in both family and non-family businesses. While board strategic involvement contributes positively to international sales in non-family businesses it becomes not significant when we only look at family businesses. Implications for theory and practice and future research directions are discussed.

Suggested Citation

  • Calabrò, Andrea & Torchia, Mariateresa & Pukall, Thilo & Mussolino, Donata, 2013. "The influence of ownership structure and board strategic involvement on international sales: The moderating effect of family involvement," International Business Review, Elsevier, vol. 22(3), pages 509-523.
  • Handle: RePEc:eee:iburev:v:22:y:2013:i:3:p:509-523
    DOI: 10.1016/j.ibusrev.2012.07.002
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    References listed on IDEAS

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    4. Desislava I. Yordanova, 2016. "Differences between Bulgarian Family and Non-family Businesses: A Multivariate Logit Approach," International Review of Management and Marketing, Econjournals, vol. 6(4), pages 779-789.
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    8. Kostevc, Crt, 2015. "Ownership structure and firm export performance. Evidence from Slovenian microdata," Working Paper Series in Economics and Institutions of Innovation 410, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    9. Kraus, Sascha & Mensching, Helge & Calabrò, Andrea & Cheng, Cheng-Feng & Filser, Matthias, 2016. "Family firm internationalization: A configurational approach," Journal of Business Research, Elsevier, vol. 69(11), pages 5473-5478.
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