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Original Research
Factors determining exportation and internationalization in family businesses: The importance of debt
Submitted: 29 March 2018 | Published: 31 March 2014
About the author(s)
S. Benito-Hernández, Universidad Politécnica de Madrid, SpainT. Priede-Bergamini, Universidad Europea de Madrid, Spain
C. López-Cózar-Navarro, Universidad Politécnica de Madrid, Spain
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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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