Navaretti, Giorgio Barba; Faini, Riccardo; Tucci, Alessandra - In: Annals of Economics and Finance 14 (2013) 3, pp. 689-722
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 … may hinder family firms' decision to enter foreign markets, particularly distant ones. The empirical analysis, based on a …