IDEAS home Printed from https://ideas.repec.org/a/tov/dsiess/v9y2009.html
   My bibliography  Save this article

The Role of IPO in Internationalization Process of Family Business. The Italian Case of the Burani Family. Is it a Black Swan?

Author

Listed:
  • Andrea Calabrò

    () (Università degli Studi di Roma "Tor Vergata")

  • Emiliano Di Carlo

    () (Università degli Studi di Roma "Tor Vergata")

Abstract

Considering the growth of global economy and the high competitiveness internationalization process seems to be more important for family businesses. The internationalization theories are often related to the most appropriate tool for their feasibility. Also internationalization strategies need high financial resources that small family businesses often do not possess. The aim of this paper is to show a grey area in the intersection between the studies on family businesses’ IPO and internationalization. We try to contribute to the literature on family business discussing some propositions and highlighting which are the main advantages and the more significant costs associated to the IPO as a tool for internationalization. We argue these propositions through the use of a systematic research on literature and through the case study on the Burani family.

Suggested Citation

  • Andrea Calabrò & Emiliano Di Carlo, 2009. "The Role of IPO in Internationalization Process of Family Business. The Italian Case of the Burani Family. Is it a Black Swan?," DSI Essays Series, DSI - Dipartimento di Studi sull'Impresa, vol. 9.
  • Handle: RePEc:tov:dsiess:v:9:y:2009
    as

    Download full text from publisher

    File URL: http://www.economia.uniroma2.it/public/dsi/DSI_Calabro,%20Di%20Carlo.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Chittenden, Francis & Hall, Graham & Hutchinson, Patrick, 1996. "Small Firm Growth, Access to Capital Markets and Financial Structure: Review of Issues and an Empirical Investigation," Small Business Economics, Springer, vol. 8(1), pages 59-67, February.
    2. Zulima Fernández & María Jesús Nieto, 2006. "Impact of ownership on the international involvement of SMEs," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 37(3), pages 340-351, May.
    3. Aldrich, Howard E. & Cliff, Jennifer E., 2003. "The pervasive effects of family on entrepreneurship: toward a family embeddedness perspective," Journal of Business Venturing, Elsevier, vol. 18(5), pages 573-596, September.
    4. Harvey James, 1999. "Owner as Manager, Extended Horizons and the Family Firm," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 6(1), pages 41-55.
    5. Zahra, Shaker A., 2003. "International expansion of U.S. manufacturing family businesses: the effect of ownership and involvement," Journal of Business Venturing, Elsevier, vol. 18(4), pages 495-512, July.
    6. Gallo, Miguel A. & Ariño, Africa & Mañez, Isabel & Cappuyns, Kristin, 2004. "Internationalization via strategic alliances in family businesses," IESE Research Papers D/540, IESE Business School.
    7. John H Dunning, 1988. "The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 19(1), pages 1-31, March.
    8. Churchill, Neil C. & Lewis, Virginia L., 1986. "Bank lending to new and growing enterprises," Journal of Business Venturing, Elsevier, vol. 1(2), pages 193-206.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Internationalization; Family Business; IPO;

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • L15 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Information and Product Quality
    • M16 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - International Business Administration

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tov:dsiess:v:9:y:2009. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mario Risso). General contact details of provider: http://edirc.repec.org/data/dirotit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.