n South African Journal of Business Management - Factors determining exportation and internationalization in family businesses : the importance of debt

Volume 45, Issue 1
  • ISSN : 2078-5585


This study focuses on the factors that may influence Spanish family owned businesses to decide to export and move towards internationalization, posing their level of debt as a possible determining factor. To do so, a review of publications on the subject has been carried out, as well as an empirical study using a sample of 1,846 businesses, which include both family and non-family firms. The results seem to show that the debt level of businesses whose propriety and management are handled by a family differs from that of those that do not fit this characteristic, especially where the decision whether or not to export products abroad is concerned.

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