eprintid: 3935
rev_number: 7
eprint_status: archive
userid: 69
dir: disk0/00/00/39/35
datestamp: 2018-03-02 11:55:50
lastmod: 2018-03-02 11:55:50
status_changed: 2018-03-02 11:55:50
type: article
metadata_visibility: show
creators_name: Bassetti, Thomas
creators_name: Dal Maso, Lorenzo
creators_name: Lattanzi, Nicola
creators_id: 
creators_id: 
creators_id: nicola.lattanzi@imtlucca.it
title: Family businesses in Eastern European countries: How informal payments affect exports
ispublished: pub
subjects: HF
subjects: HF5601
subjects: JZ
divisions: EIC
full_text_status: none
keywords: JEL classification: O12, O17, P2. Keywords: Informal payments; Family business; Company export orientation; Eastern European economies
note: Scopus ID: 2-s2.0-84947342971
abstract: 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.
date: 2015
date_type: published
publication: Journal of family business strategy
volume: 6
publisher: Elsevier
pagerange: 219-233
id_number: DOI: 10.1016/j.jfbs.2015.07.004
refereed: TRUE
issn: 1877-8585
official_url: http://www.sciencedirect.com/science/article/pii/S1877858515000376
citation:   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)