Time to BRIC it? Internationalization of European family firms in Europe, North America and the BRIC countries

V. D. Procher, D. Urbig, C. Volkmann

Research output: Contribution to JournalArticleAcademicpeer-review

Abstract

For a sample of 1243 European companies, we analyse the link between firm type and foreign direct investment (FDI) locations. We find substantial empirical evidence that being a family firm does not only affect the overall propensity for FDI, but that this effect is also specific to target regions. Overall, family firms invest more than managerial-led firms, particularly in Europe and North America. Furthermore, the BRIC countries, Brazil, Russia, India and China do not constitute a homogeneous attractiveness cluster for FDI.

Original languageEnglish
Pages (from-to)1466-1471
Number of pages6
JournalApplied Economics Letters
Volume20
Issue number16
DOIs
Publication statusPublished - 9 Sep 2013
Externally publishedYes

Keywords

  • BRIC
  • family firms
  • FDI
  • internationalization

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