Time to BRIC It? - Internationalization of European Family Firms in Europe, North America and the BRIC Countries

14 Pages Posted: 18 Jun 2013

See all articles by Vivien Procher

Vivien Procher

University of Wuppertal

Diemo Urbig

University of Wuppertal

Christine Volkmann

University of Wuppertal

Date Written: May 2, 2013

Abstract

For a sample of 1243 European companies, we analyse the link between firm type and foreign direct investment (FDI) locations. We find substantial empirical evidence that being a family firm does not only affect the overall propensity for FDI but that this effect is also specific to target regions. Overall, family firms invest more than managerial-led firms, particularly in Europe and North America. Furthermore the BRIC countries Brazil, Russia, India and China do not constitute a homogenous attractiveness cluster for FDI.

Keywords: foreign direct investment, family firms, BRIC

JEL Classification: D21, F23, L22

Suggested Citation

Procher, Vivien and Urbig, Diemo and Volkmann, Christine, Time to BRIC It? - Internationalization of European Family Firms in Europe, North America and the BRIC Countries (May 2, 2013). Available at SSRN: https://ssrn.com/abstract=2278869 or http://dx.doi.org/10.2139/ssrn.2278869

Vivien Procher (Contact Author)

University of Wuppertal ( email )

Weihenstephaner Steig
Freising
Germany

Diemo Urbig

University of Wuppertal ( email )

Gaussstr. 20
Wuppertal, 42119
Germany

Christine Volkmann

University of Wuppertal ( email )

Gaußstraße 20
42097 Wuppertal
Germany

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