relation: http://eprints.imtlucca.it/3935/
title: Family businesses in Eastern European countries: How informal payments affect exports
creator: Bassetti, Thomas
creator: Dal Maso, Lorenzo
creator: Lattanzi, Nicola
subject: HF Commerce
subject: HF5601 Accounting
subject: JZ International relations
description: This article investigates the effect of corruption on the export share of family firms in Eastern European countries. Using the Business Environment and Enterprise Performance Survey and panel data methods, we find that, in contrast to non-family firms, family firms are rather sensitive to corruption. In particular, the export share of family firms is positively associated with informal payments that aim to facilitate business operations. There are at least three compelling explanations for these results. First, if family firms are more risk averse than non-family firms, informal payments may represent additional export risk insurance. Second, informal payments may help family firms compensate for the lack of managerial capabilities to export. Finally, when institutional inefficiencies obstruct business, corruption may be a tool for family firms to protect their socioemotional wealth.
publisher: Elsevier
date: 2015
type: Article
type: PeerReviewed
identifier:   Bassetti, Thomas and Dal Maso, Lorenzo and Lattanzi, Nicola  Family businesses in Eastern European countries: How informal payments affect exports.  Journal of family business strategy, 6.  pp. 219-233.  ISSN 1877-8585      (2015)  
relation: http://www.sciencedirect.com/science/article/pii/S1877858515000376
relation: DOI: 10.1016/j.jfbs.2015.07.004