Family-managed firms and local export spillovers: evidence from Spanish manufacturing firms

Stefano Amato, Rodrigo Basco, Mikaela Backman and Nicola Lattanzi

European Planning Studies, 2021, vol. 29, issue 3, 468-492

Abstract: By combining arguments from regional economics and family business research, the aim of this article is to test the relationships among local export spillovers, management characteristics, and export propensity on a large sample of Spanish manufacturing firms over the 2003–2015 period. We find that family-managed firms, compared to their non-family counterparts, benefit more from being located in regions with a high density of exporters. Because of their firm-specific social capital and strong embeddedness in local networks, family-managed firms are better positioned to leverage the spatially bounded flow of knowledge and information in these regions, resulting in a higher likelihood to export than non-family firms. Additionally, our results show that the knowledge spillover effect is stronger for small and low-tech family firms’ export propensity.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:taf:eurpls:v:29:y:2021:i:3:p:468-492

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DOI: 10.1080/09654313.2020.1743238

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