Examinando por Autor "Requena Silvente, Francisco"

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    Ítem
    Are family firms’ export relationships more persistent?
    (Elsevier Ltd, 2025-03) Aragón Amonarriz, Cristina; Iturrioz Landart, Cristina; Mínguez, Raúl; Minondo, Asier; Requena Silvente, Francisco
    This paper examines the persistence of family firms’ international relationships. We theoretically argue how socioemotional wealth's gains and losses balancing process supported by network closure allows family firms to develop more persistent relationships with their foreign partners than their non-family counterparts. Our study empirically tests this hypothesis and confirms that export relationship survival is higher in family firms than in their non-family counterparts. We further show that this difference is magnified during economic crises or when operating in culturally distant markets.
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    Ítem
    The negative impact of disintegration on trade: the case of Brexit
    (Elsevier B.V., 2024-04) Lucio, Juan de; Mínguez, Raúl; Minondo, Asier; Requena Silvente, Francisco
    Using firm-level export and import transactions and by applying an event study methodology, we quantify the impact of the UK's withdrawal from the EU's single market and customs union on Spain–UK trade flows. We find that Spanish exports and imports to the UK decreased by 24% and 27%, respectively, compared to the period before the Brexit referendum. The probability of Spanish exporters and importers starting a trade relationship with the UK decreased and the probability of ending one increased. Products subject to sanitary and phytosanitary measures, stringent rules of origin, and whose technical standards had not been harmonized before disintegration experienced a stronger decline in trade flows. Large firms faced a more severe decrease in exports than small ones after disintegration
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    Ítem
    Networks and the disappearance of the intranational home bias
    (Elsevier B.V., 2012-08) Garmendia-Lazcano, Aitor; Llano, Carlos; Minondo, Asier; Requena Silvente, Francisco
    Previous studies have shown that, not only countries, but also regions have a preference to trade within their administrative borders. Using unique trade flows data, we also find a large home bias in Spanish intranational trade. However, we show that this home bias tends to disappear once we take into account the higher density of social and business networks within regions than between regions. We also find that the home bias does not disappear if intranational trade flows are measured in quantity rather than value. This fact might explain why previous studies on other European countries still find an intranational home bias, even when network effects are taken into account.