Export behavior and board independence in Colombian family firms: The reverse causality relationship

Pellegrini

et al. 2022

IJEBR

PurposeAn increased globalisation pushes forward the study of international entrepreneurship that however has been mainly analysed at a macro-environmental and an individual level. The authors want instead identify the determinants of international entrepreneurship from a firm-level perspective, specifically in relation to the key decision-making entity – the board of directors. The authors focused on the overall composition of the board of directors in terms of gender diversity and how this affects multi-subject decision-making when it comes to international entrepreneurship.Design/methodology/approachBased on entrepreneurial decision-making and the neo-institutional theory, the authors analyse the relationship between gender diversity in boards of directors and firms' international entrepreneurship, assessing how state ownership and ownership concentration moderate this relationship. Using a sample made up of China's listed companies from 2009 to 2018, the authors empirically test the main effect and the moderating effects.FindingsInternational entrepreneurship is less prevalent in firms with more female directors, but in terms of quality of the decisions, these boards perform better. State ownership and ownership concentration can strengthen and weaken the relationship between the presence of female directors and the intensity of international entrepreneurship, respectively.Originality/valueFirstly, the authors draw attention to the implications of gender diversity in boards of directors, calling for further studies on communication and collaboration patterns within multi-subject decision-making. Secondly, the authors’ conclusions enrich academic literature on female directors by exploring the roles they play in firms' decision-making when it comes to international entrepreneurship.

Section: Methodsmentioning

confidence: 99%

“…Existing studies have provided evidence to suggest that BoD structures and strategic involvement drive corporate IE (Wang et al. , 2015; Herrera-Echeverri et al. , 2016; Calabro et al.…”

Section: Theoretical Background and Hypotheses Developmentmentioning

confidence: 99%

Board's gender diversity and international entrepreneurship: intensity versus quality?

Pellegrini

et al. 2022

IJEBR

“…Moreover, empirical works by Razzaque et al (2020) and Muttakin et al (2014) reveal that family ownership has a positive impact on the performance of Bangladeshi manufacturing firms. Herrera-Echeverri et al (2016) concluded that the family's involvement in the ownership and management often led to a more stable directorship for Columbian family firms. Blanco-Mazagatos et al (2018) reported that family ownership has a positive influence on the performance of Spanish secondand later-generation firms.…”

Section: Family Ownership and Firm Performancementioning

confidence: 99%

Corporate Governance and Firm Performance: A Comparative Analysis between Listed Family and Non-Family Firms in Japan

Kojima

Adhikary

Tram³

2020

JRFM

This study aims to explore the relationship between corporate governance and financial performance of publicly listed family and non-family firms in the Japanese manufacturing industry. The study obtains data from Bloomberg over the period 2014–2018 and covers 1412 firms comprising of 861 non-family and 551 family firms. Our results show that family firms outperform non-family counterparts in terms of return on assets (ROA) and Tobin’s Q when a univariate analysis is invoked. On multivariate analysis, family firms show superior performance to non-family firms with Tobin’s Q. However, family ownership negates firm performance when ROA is taken into account. Regarding the impact of governance elements on Tobin’s Q, institutional shareholding appears to be a significant and positive factor for promoting the performance of both family and non-family firms. Furthermore, board size encourages the performance of non-family firms, while such influence is not observed for family firms. In terms of ROA, foreign ownership inspires the performance of both family and non-family firms. Moreover, government ownership stimulates the performance of family firms, while board independence significantly negates the same. Besides, we find that the performance of family firms run by the founder’s descendants is superior to that of family firms run by the founder. These findings have critical policy implications for family firms in Japan.

“…Export behavior and board independence in Colombian family firms: The reverse causality relationship (Herrera-Echeverri et al, 2016).…”

Section: Principales Documentos (áRbol)mentioning

confidence: 99%

“…En contraste con las empresas multinacionales latinas cuyo propiedad está dada por fuertes ascendencias familiares que dinamizan su ejercicio exportador desde la penetración plena del mercado interno y la expansión a mercados emergentes latinoamericanos aprovechando la adquisición de activos estratégicos los cuales traen consigo acceso a base de clientes, proveedores y distribuidores, además de recursos intangibles del recurso humano que se adhiere a la nueva organización (Herrera-Echeverri, Geleilate, Gaitan-Riaño, Haar & Soto-Echeverry, 2016).…”

Section: Perspectiva 3: Exportaciones Y Mercadounclassified

Internacionalización de empresas latinas: evolución y tendencias

Duque

Aguirre

Lesmes

et al. 2020

Revista Económicas CUC

El propósito de este estudio es realizar un análisis sistémico de las investigaciones sobre internacionalización de empresas Latinas. Para ello, se efectúa un análisis de red complementado con herramientas bibliométricas, logrando así, la identificación de las perspectivas del tema. Inicialmente, se efectuó la búsqueda temática en las bases de datos WoS y Scopus; las referencias obtenidas fueron procesadas mediante bibliometrix y Gephi, facilitando la clasificación de los documentos según su relevancia en tres categorías, clásicos, estructurales y recientes, finalmente se realiza un análisis de cocitaciones. Este último procedimiento permitió identificar cuatro perspectivas principales en el área: diversificación y desempeño, emprendimiento, exportaciones y mercado, estrategias y competencia.