Work

Ownership and the Internationalization of Small Firms

Year: 2005

Type: article

Abstract: Small and medium-sized enterprises (SMEs) play an important role in international markets. This study argues that the ownership structures of SMEs influence their proclivity to take risks and expand the scale and scope of their internationalization efforts. Data from 889 Swedish SMEs reveal that internal owners (CEOs and other senior executives) tend to be risk averse and have a lower proclivity to increase scale and scope of internationalization than external owners (venture capitalists and institutional investors). The results provide interesting insights into the behavioral change of executives regarding the scale and scope of internationalization in the presence of external ownership.

Source: Journal of Management

DOI: 10.1177/0149206304271760

Authors: Gerard George, Johan Wiklund, Shaker A. Zahra

Institutions: University of Wisconsin–Madison, Singapore Management University, Stockholm School of Economics, Syracuse University, University of Minnesota, Babson College

Language: English

Topic: International Business and FDI

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

OpenAlex ID: W2064745061

FWCI: 25.33

Cites: 64

Cited by: 532

Related to: 10