Does family control affect trade performance?
Giorgio Barba Navaretti
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Does family control affect trade performance?
Published
2008
Publisher
Centro Studi Luca d'Agliano
Pages
35
Description
This paper examines whether the export decision of firms is affected by their ownership structure, specifically it looks at whether family control is an obstacle to entering foreign markets. The underlying assumption is that family firms are risk averse. Risk aversion may be an obstacle to entering foreign markets, as far as these are perceived as more volatile and risky than the domestic one, particularly when such choice entices bearing relatively high sunk costs. We develop an illustrative theoretical model that shows how the combination between high risk aversion and low initial productivity may hinder family firms' decision to enter foreign markets, particularly distant ones. The empirical analysis, based on a detailed panel data set of Italian firms covering the years from 1995 to 2003, confirms such predictions by showing that family controlled firms do indeed export less than other type of companies even after controlling for firm heterogeneity in productivity, size, technology and access to credit.
Frequently Asked Questions
How many pages are in Does family control affect trade performance??
This edition of Does family control affect trade performance? has approximately 35 pages. Please note, this is an estimate and the exact page count can vary between hardcover, paperback, and e-book versions.
How long does it take to read Does family control affect trade performance??
For most readers, Does family control affect trade performance? typically takes between 44m and 29m to complete. This is based on the book's length of approximately 8,750 words and common reading speeds.
Here's a detailed breakdown: • Continuous reading at 250 WPM: approximately 35m of focused reading • Casual reading (30 minutes/day): you could finish in roughly 2 days • Estimated word count: 8,750 words
Your individual reading time will vary based on your personal reading pace, the amount of daily reading time, and your familiarity with the subject matter.
What is the word count of Does family control affect trade performance??
The estimated word count for Does family control affect trade performance? is approximately 8,750 words. This figure is calculated using industry-standard methods that consider genre-specific word density patterns, typical formatting and layout characteristics, and standard words-per-page ratios for published books.
This is an approximation — actual word count may vary based on font size, formatting, edition, and the presence of illustrations or charts.
Who is the author of Does family control affect trade performance??
Does family control affect trade performance? was written by Giorgio Barba Navaretti.
When was Does family control affect trade performance? published?
The publication date for this specific edition is 2008. The original work may have been published on a different date.