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The influence of family management on the internationalization process and its impact on financial performance

Abstract:

Currently, there is no extensive research on the relationship between the internationalization of the family business and its financial performance. This study, carried out on a sample of 203 family and nonfamily businesses, aims to cover this research gap. The results reveal that the fact that a firm has its property in the hands of a family positively affects the financial performance and the internationalization process. However, the fact that a firm has its property in the hands of a family is not significant for the performance originated due to internationalization.