International Involvement Of Smes: The Impact Of Ownership
This paper analyses the relation between SME ownership and international involvement. With a wide sample of Spanish firms, from 1991 to 1999, we test the following hypotheses. Family SMEs results in lower involvement in international markets, due to difficult access to necessary strategic resources. SMEs with another company as a large-block shareholder will be more involved internationally, as they do have access more strategic resources. Likewise, when another company invests in a family SME, international involvement increases.
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