International entrepreneurship and Mexican listed family firms’ CEO/Board characteristics
DOI:
https://doi.org/10.18046/j.estger.2019.153.3166Keywords:
Quantitative analysis, International entrepreneurship, Family firm, MexicoAbstract
The objective of this research is to analyze the influence on international entrepreneurship of both Chief Executive Officers (CEOs) and board of directors’ traits. It takes into account 52 listed family firms in Mexico (2001-2015), an emerging market where ownership concentration is particularly high. Results obtained from a binary probit model show that family involvement reduces the odds of pursuing foreign endeavors. However, when the CEO has a business administration academic background, the probability of having subsidiaries or branches abroad rises considerably. Finally, there is evidence that the presence of women on boards reduces the odds of international entrepreneurship.
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