The Impact of COVID-19 on the Internationalization Performance of Family Businesses: Evidence from Portugal

Ana Roque and Maria-Ceu Alves ()
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Ana Roque: Department of Business and Economics, University of Beira Interior, 6201-001 Covilhã, Portugal
Maria-Ceu Alves: Department of Business and Economics, University of Beira Interior, 6201-001 Covilhã, Portugal

JRFM, 2023, vol. 16, issue 12, 1-14

Abstract: Drawing on the internationalization and family business literature, this preliminary and exploratory study examines the impact of the COVID-19 pandemic on the internationalization performance of family firms. To the best of our knowledge, this is the first study to analyze the impact of COVID-19 on the internationalization strategy of Portuguese family firms. Using a questionnaire survey of private family firms, this paper adopts a quantitative approach. Our analysis of data from a single survey of 127 family firms shows that these firms mostly use the Uppsala model of internationalization. The results indicate that COVID-19 has a very negative and statistically significant impact on the different components of the internationalization performance of family businesses. This study contributes significantly to a better understanding of the impact of uncertainty caused by epidemiological scenarios on the strategy and performance of family firms.

Keywords: COVID-19; family firms; internationalization; performance; Portugal; strategy (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2023
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