Ruhr Economic Papers
Ruhr Economic Papers #416
Time to BRIC It? – Internationalization of European Family Firms in Europe, North America and the BRIC Countries
by Vivien Procher, Diemo Urbig and Christine Volkmann
RWI, 05/2013, 12 S./p., 8 Euro, ISBN 978-3-86788-471-6 DOI: 10.4419/86788471download
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.
JEL-Classification: D21, F23, L22
Keywords: Foreign direct investment; family firms; BRIC
Procher, V., D. Urbig and C. Volkmann (2013), Time to BRIC It? Internationalization of European Family Firms in Europe, North America and the BRIC Countries. Applied Economics Letters 20 (16): 1466-1471.