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A silent revolution: The internationalisation of large Spanish family firms

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  • Nuria Puig
  • Paloma Fernandez Perez

Abstract

This article studies the dominant role played by large family firms in the internationalisation of the Spanish economy. Based on new empirical evidence from circa 150 historical and internationalised family firms, the article integrates concepts and theories from recent literature on internationalisation, international entrepreneurship, sociology, and family business. The main argument is that in Spain, as in other European, South American and Asian countries, the integration of most of the leading family firms in the global market has been the outcome of a long learning process strongly influenced by the country's natural and human resources, institutional framework, and regional patterns of economic development and business cultures. In contrast with other countries, however, foreign capital and technology and collective action at regional, national and international levels play a far more important role in the internationalisation of large family firms.

Suggested Citation

  • Nuria Puig & Paloma Fernandez Perez, 2009. "A silent revolution: The internationalisation of large Spanish family firms," Business History, Taylor & Francis Journals, vol. 51(3), pages 462-483.
    • Handle: RePEc:taf:bushst:v:51:y:2009:i:3:p:462-483
    DOI: 10.1080/00076790902844088
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    References listed on IDEAS

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    1. Jones, Geoffrey, 2002. "Merchants to Multinationals: British Trading Companies in the Nineteenth and Twentieth Centuries," OUP Catalogue, Oxford University Press, number 9780199249992, Decembrie.
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    1. repec:ise:gheswp:wp532014 is not listed on IDEAS
    2. Fuentes-Lombardo, Guadalupe & Sanchez-Famoso, Valeriano & Cano-Rubio, Myriam, 2023. "Reasons for internationalisation of family business," Journal of Family Business Strategy, Elsevier, vol. 14(4).
    3. Jean-Luc Arregle & Francesco Chirico & Liena Kano & Sumit K. Kundu & Antonio Majocchi & William S. Schulze, 2021. "Family firm internationalization: Past research and an agenda for the future," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 52(6), pages 1159-1198, August.
    4. Cirer-Costa, Joan Carles, 2012. "Bases del proceso de internacionalización de las cadenas hoteleras de las Islas Baleares [Bases of the globalisation of the hotel chains of the Balearic Islands]," MPRA Paper 37210, University Library of Munich, Germany.
    5. João Carlos Lopes & Amélia Branco & Francisco Parejo & José Francisco Rangel, 2016. "Determinants of Success and Failure in the Internationalization of the Cork Business: A Tale of Two Iberian Family Firms," Eurasian Studies in Business and Economics, in: Mehmet Huseyin Bilgin & Hakan Danis (ed.), Entrepreneurship, Business and Economics - Vol. 2, edition 1, pages 417-440, Springer.
    6. Mikel Alayo & Txomin Iturralde & Amaia Maseda & Gloria Aparicio, 2021. "Mapping family firm internationalization research: bibliometric and literature review," Review of Managerial Science, Springer, vol. 15(6), pages 1517-1560, August.
    7. Stough, Roger & Welter, Friederike & Block, Joern & Wennberg, Karl & Basco, Rodrigo, 2015. "Family business and regional science: “Bridging the gap”," Journal of Family Business Strategy, Elsevier, vol. 6(4), pages 208-218.
    8. Sanchez-Famoso, Valeriano & Cano-Rubio, Myriam & Fuentes-Lombardo, Guadalupe, 2025. "Relational capital’s contribution to international success: Evidence from family-owned wineries and olive oil mills in Spain," Research in International Business and Finance, Elsevier, vol. 74(C).
    9. Metsola, Jaakko & Leppäaho, Tanja & Paavilainen-Mäntymäki, Eriikka & Plakoyiannaki, Emmanuella, 2020. "Process in family business internationalisation: The state of the art and ways forward," International Business Review, Elsevier, vol. 29(2).
    10. Cornelius Hafner, 2021. "Diversification in family firms: a systematic review of product and international diversification strategies," Review of Managerial Science, Springer, vol. 15(3), pages 529-572, April.

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