Wine Economics and Policy 9(1): 43-50, 2020 Firenze University Press www.fupress.com/wepWine Economics and Policy ISSN 2212-9774 (online) | DOI: 10. 36253/web-8371 Citation: M. Fernández-Olmos, G. Malorgio (2020) The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry. Wine Economics and Policy 9(1): 43-50. doi: 10. 36253/web-8371 Copyright: © 2020 M.F. Olmos, G. Malorgio. This is an open access, peer-reviewed article published by Firenze University Press (http://www. fupress.com/wep) and distributed under the terms of the Creative Com- mons Attribution License, which per- mits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited. Data Availability Statement: All rel- evant data are within the paper and its Supporting Information files. Competing Interests: The Author(s) declare(s) no conflict of interest. Original Research Article The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry Marta Fernández-Olmos1,*, Giulio Malorgio2 1 University of Zaragoza, Spain. *Corresponding author 2 University of Bologna, Italy E-mail: maferno@unizar.es, giulio.malorgio@unibo.it Abstract. Institutional networking is a key element in businesses’ internationalisation processes and is an important strategy for promoting the long-term growth and surviv- ability of family SMEs in the DOC Rioja wine industry. We hold that the proportion of family members in the TMT plays an important role in strategic decision-making and helps to explain the speed of their internationalisation process. This paper contributes to the scant research on the influence of family involvement in the TMT by analysing the moderating effects of two diversities on the relationship between institutional net- working and the speed of internationalisation: the family TMT ratio and generational involvement. Using a broad sample of 77 family wineries in DOC Rioja, the results obtained indicate that institutional networking plays a significant role in explaining the speed of internationalisation in family firms and that this relationship is weaker when a larger proportion of family members serve as top managers. The empirical results also have interesting implications for the managers of family firms as it may help them to identify the effective composition of TMTs to be considered when deciding on the process of internationalisation. Keywords: institutional networking, speed of internationalisation, DOC Rioja wine. 1. INTRODUCTION Institutional networking of the firm, the firm’s network relationships with institutional actors (e.g., research institutions, advisory and support offices, independent export assistant organisations, export promotion coun- cils, etc.), is a key element in businesses’ internationalisation processes (Séror, 1998; Bateman, 2000). In the specific case of Rioja Certified Designation of Origin (DOC Rioja) wineries, institutional networking has been identified as a key success factor in their bid to expand their business to international markets. To overcome the barriers that family SME wineries encounter when accessing interna- tional markets, many have been able to count on and benefit from collabo- rations with institutions. One example is the Family Winery Association of Rioja PROVIR, which represents Spanish family wineries in the European 44 Marta Fernández-Olmos, G. Malorgio Confederation of Independent Winegrowers, with 8,000 independent European winegrowers. Previous and recent literature has acknowledged that the presence of family members chairing the board and their experience are important determinants in the internationalisation of family SMEs (Pukall & Calabro, 2014). However, most research on family business inter- nationalisation has largely ignored the possible effect of individual managerial levels of knowledge and experi- ence on the speed of internationalisation for SMEs. According to Zahra (2003), when family members are in top management team (TMT) positions, which is very common in family SMEs (Speckbacher & Wentges, 2012), they may approach internationalisation with cau- tion. This involvement of family members in manage- ment prompts unique strategic behaviours, influences the decisions that manage resources, and may influence internationalisation strategies and practices (Abdel- latif et al., 2010). The influence of family involvement in SMEs offers a unique environment in which to analyse whether and to what extent a firm’s family character affects the speed of the internationalisation process. To address this gap, we examine the moderating role of family involvement in the institutional networking- internationalisation relationship. According to previous literature (Arzubiaga, Maseda, & Iturralde, 2019), the identity of the TMT (the diversity between family and non-family managers) and the involvement of multiple generations (the diversity among two or more genera- tions of family members that work together in the TMT) are the two main forms of TMT diversity created by the family’s involvement. We consider that there could be a relation between TMT diversity and the firm’s speed of internationalisation and that a more fine-grained examination of family influence, using these two family involvement measures, is needed to gain a clear and pre- cise understanding of how they affect the process. To the best of our knowledge, this is the first study concerned with how institutional networking’s effect on the speed of the internationalisation process may be moderated due to family-related factors. The context of the DOC Rioja wine industry is particularly notewor- thy because DOC Rioja wine producers, as members of the European wine sector, are making efforts to increase export volumes due to declining consumption in the domestic market (Köhr, Malorgio, & Aragrande, 2017; Köhr, Camanzi and Malorgio, 2018). Our study also aims to contribute with new knowledge regarding how strategic behaviour and the speed of internationalisation process may differ, not only between family and non- family firms but also between family firms with differ- ent attributes, showing that family firms are heterogene- ous (Sharma, Melin, & Nordqvist, 2014). One important differentiating attribute is the varying level of family involvement in the TMTs, which can be a more impor- tant driver of variation, in terms of success, when turn- ing institutional networking into internationalisation among family SMEs than was suggested by previous lit- erature. Moreover, the study contributes to understand- ing the heterogeneity of the family firm internationalisa- tion processes, highlighting the importance of effects of the family business governance dimensions (Baronchelli et al., 2016). 2. THEORETICAL BACKGROUND AND DEVELOPMENT OF THE HYPOTHESES Although family firms have mainly tended to focus on domestic markets, they increasingly focus on foreign markets as a survival strategy due to global competition and slow growth domestically (Pukall & Calabrò, 2014). It is well known that family firms suffer from inher- ent constraints to international growth (Fernández & Nie- to, 2005; Abdellatif et al., 2010). To overcome the limita- tion of internal resources for internationalisation, family firms can develop network associations with institutional partners such as governments, agencies for international development, research institutions, and so on. These insti- tutional networks can help family SMEs gain knowledge of international markets and the current rules and regu- lations (Kontinen and Ojala, 2011a,b). In particular, they provide a variety of support services aimed at reduc- ing risks and providing access to required resources and capabilities when these firms enter international markets (Séror, 1998). A key objective of this type of network asso- ciation is to help family firms to build international con- tacts and allow them to assess their abilities to identify and exploit international opportunities (Szyliowicz & Gal- vin, 2010; Bateman, 2000). In the specific case of the Rioja wine industry, an example of recent institutional collabo- ration by the Board of the Rioja Designation of Origin was its participation in the background work for estab- lishing and implementing an internationalisation strategy for La Rioja (Annual Report of DOC Rioja, 2018) Using these institutional networks not only creates opportunities for family firms to internationalise but also provides them with links to accelerate their interna- tionalisation process. Recent literature recognises the diversity in fam- ily firms in several areas, such as family involvement in ownership and management (Beck, Janssens, Debruyne, & Lommelen, 2011; Nordqvist, Sharma, & Chirico, 2014). According to Pukall & Calabrò (2014), family firm het- 45The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry erogeneity could help to understand behaviours in their internationalisation. This study focuses on the level of family involvement in the firms’ TMTs; which seems to be an important determinant of the speed of the inter- nationalisation process and whose relevance has been underestimated (Alayo et al., 2019). Following Alayo et al. (2019), we focus on two sources of TMT diversity: generational involvement, i.e., whether there are multiple family generations simulta- neously involved in the firms’ TMTs (Sciascia, Mazzola, & Chirico, 2013), and the proportion of family members inside the TMTs, which may be important in explain- ing variations in performance. Generational involve- ment can be conceived as a proxy of knowledge diversity in multigenerational family TMTs (Sciascia et al., 2013). Within the family business literature, there exist some theoretical discussions arguing in favour and others against the degree of presence of family members in the TMT (Minichilli, Corbetta, & MacMillan, 2010). Internationally experienced management teams have a greater ability to process information and face intense competition, and thus have a greater propensity to devel- op higher levels of internationalisation. However, fam- ily firms do not have the capacity to succeed and endure in the global competitive market due to a lack of the knowledge and management skills needed to run them (Banalieva & Eddleston, 2011; Gómez-Mejía, Makri, & Kintana, 2010). This can be important when develop- ing international markets, because non-family managers tend to expand from domestic to international markets through existing relationships (Liang, Wang, & Cui, 2014). Specifically, non-family managers in TMTs have a greater diversity of specialised skills and knowledge than family members that often have the same background and lack international experience. Taking into account that more diverse management teams tend to be more creative and innovative, including non-family managers may strengthen the positive relationship between social capital and a family firm’s speed of internationalisation. Thus, TMSs with family managers, whose composition reflects a weak diversity of backgrounds, knowledge, experience and abilities, are expected to reduce the posi- tive relationship between institutional networking and a firm’s speed of internationalisation. Building on this line of reasoning, we propose the following: H1. A greater proportion of family members in the TMT will negatively influence the effect of institutional net- working on family SMEs’ speed of internationalisation. According to Chirico, Sirmon, Sciascia, & Mazzola (2011), experiences and knowledge tend to differ more across generations than within a single generation (Chir- ico et al., 2011), because family members from different generations achieve different levels of formal education and experience outside the business before joining the firm (Talke et al., 2011) and have different social rela- tionships (Arregle, Hitt, Sirmon, & Very, 2007). While later generations are characterised by more formal edu- cation, older generations have more tacit knowledge and experience in the business. Thus, the involvement of several generations in TMTs provides a synergistic com- bination of capabilities that are useful for intensifying social capital’s effect on family firms’ speed of interna- tionalisation. Some studies do argue, however, that maintaining family management of the business across generations can increase complexity (Sciascia et al., 2013), because it is easier to share interests and understand the intentions and actions of actors within a generation rather than across several generations. This may lead to control and coordination problems as each family member is trying to protect his or her own personal interests in the firm (Ling & Kellermanns, 2010; Sciascia et al., 2013). Therefore, managing the transgenerational orientation of TMTs in family firms makes conflict particularly pervasive, which makes it difficult to achieve consensus around strategic decisions (Michie, Dooley, & Fryxell, 2006). Therefore, some of the elements that intergenerational involvement brings to the management of family firms are positive and some are negative. When there are several generations in the TMT, family firms benefit from it in terms of exper- tise diversity, but relationships can be more complex and communication more difficult (Sciascia et al., 2013). From the above, we might conclude that the impact of institutional networking follows a different pattern for family firms with several generations than for those with a single generation in management. Therefore, we posit the following: H2. Multigenerational family in the TMT will positively moderate the effect of institutional networking on family SMEs’ speed of internationalisation. Figure 1. The proposed model. 46 Marta Fernández-Olmos, G. Malorgio 3. METHODOLOGY The main data sources used to obtain the list of win- eries in the target population were the directories drawn up by the Regulatory Council of the Rioja Designation of Origin (the number of wineries in this directory numbered 580). The data for this study were collected using a structural survey. The data collection period ended in September 2017. The population from which the sample is drawn consists of wineries that fulfil the following requirements: (1) they belong to the Rioja Des- ignation of Origin, (2) they manage the full winemaking process from grape to bottle, and (3) they are obliged to present accounting information to the authorities. In total, 123 valid questionnaires were obtained. For the purpose of this research, we focused on exporting firms and family firms. Although a consensus around what is exactly meant by family businesses is still missing in the literature, academics recognise that family involve- ment in ownership and management play a decisive role. Therefore, firms in this study are considered fam- ily-firms if they meet three requirements: (1) majority ownership is controlled by a single family; (2) the family actively participates in firm management; and (3) they were self-classified as family businesses by answering the questions related to generational transfer. Seventy- seven firms that fulfilled all the conditions were identi- fied in the sample. All of them were considered as SMEs because they have fewer than 250 employees. We examined previous literature to measure all vari- ables. The dependent variable, internationalisation speed, is measured by analysing international market expan- sion strategies in terms of the timing and scope of the foreign markets entered (Lee and Yang, 1990; Ruzo et al., 2011). In keeping with the approach used by Lee and Yang (1990), we first divided the sample into firms with less or more experience in international activities with five years selling abroad as the cut-off point. Those firms placed in the group with less international experience and operating in up to five countries were categorised as the low speed group. Firms with more international experience, and operating in up to 12 countries, were also placed in the low speed group. The rest of the firms were classified as the high-speed group. In total, 48 win- eries were classified in the low speed group and 29 win- eries in the high-speed group. Institutional networking includes the network of relationships with formal institutions. In the context of this study, an important institution is PROVIR (Aso- ciación Bodegas Familiares de Rioja). Belonging to this association allows family wineries to be affiliated with a global brand “Independent Family Wineries”. This allows them to become familiar with the global business environment (e.g., by launching marketing campaigns abroad), including knowledge about their competitors and an awareness of international standards, require- ments and quality. Other important formal institutions in this context are ARAEX (Asociación de Exportado- res de Rioja Alavesa), ARBOR (Agrupación de Artesa- nos Bodegueros de Rioja), ABC (Asociación de Bodegas por la Calidad), FECOAR (Federación de Cooperativas Agrarias de La Rioja), ABRA (Asociación de Bodegas de Rioja Alavesa), AEVZR (Asociación de Empresas Viní- colas de la Zona Rioja), Instituto de Ciencias de la Vid y del Vino, Estación Enológica de Haro, Grupo de Empre- sas Vinícolas de Rioja, Proyecto Europeo Wine Tech, El Grupo Rioja, University of La Rioja, University of Basque Country-Campus Álava, University of Navarra, etc. The questionnaire provides a list of institutions and we count the institutions chosen. The study analyses two moderating variables. To compute the family TMT ratio, respondents were asked to indicate the number of family members holding mana- gerial positions and the total number of TMT members. This percentage is measured as a continuous variable. To measure multigenerational involvement, respondents were asked to indicate which family generation, at present, is in charge of ownership and management. We created a dummy variable, which takes value 1 when there are two or more family generations involved and 0 otherwise. In addition to the above measures, two control vari- ables were included: human capital and size. We used the proportion of employees with a university degree as a proxy for human capital (Fernández-Olmos, 2011). Company size was operationalised using the natural logarithm of the number of employees (e.g., Hessels and Terjesen, 2010). We also control for family firm age in the analysis. Following prior empirical studies (e.g., Majocchi et al., 2005), we measure experience as the number of years that a family firm has in the winemaking activity. 4. EMPIRICAL TESTING Since the dependent variable (the speed of interna- tionalisation) is a binary variable, a binomial logit model is applied as the means of estimation (Greene, 2003). In table 1 we present marginal effects from this model. The choice of the binomial logit model for the estimation of our model is appropriate, since the model presents satis- factory indicators of overall significance. The effect of institutional networks on the speed of internationalisation is positive and statistically signifi- 47The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry cant at the 0.10 level; the results suggest that family win- eries in DOC Rioja can greatly improve their interna- tionalisation speed by effectively generating network ties. The moderating effect produced by the family TMT ratio is negative and significant and hypothesis 1 is thus not rejected. It is suggested that the effect of institutional networks on the speed of internationalisation is lower in family wineries with a higher proportion of family members in the managerial team. However, the moder- ating effect produced by multigenerational involvement is positive but not significant, thereby rejecting our sec- ond hypothesis. Other control variables remain statistically signifi- cant. In particular, variable human capital is positive and significant, suggesting that firms that hire talented employees are more likely to have a greater speed of internationalisation. The coefficient indicating size was also marginally significant, indicating that size is a sig- nificant feature for a rapid process of internationalisa- tion. Finally, there is evidence that age only influences very slightly the speed of internationalisation. 5. DISCUSSION The purpose of this paper was to analyse the extent to which family TMT involvement influences the rela- tionship between institutional networking and the speed of internationalisation of family SMEs. It advances our understanding of how family involvement in firms (in particular, the family TMT ratio and multigenerational family) affects the role of TMT. Interestingly, the lit- erature review of the upper echelons theory revealed the idea that firms will be a reflection of the composition of their top management team, in particular their heteroge- neity (Hambrick, 2007). The relative heterogeneity or diversity of the char- acteristics (e.g., training, abilities, aptitudes, etc.) of team members may influence the speed of internation- alisation. Our empirical analysis improves our under- standing of family firms’ institutional networking and the speed of internationalisation in three ways. First, it extends the literature on upper echelons theory, show- ing empirical evidence of the impact of TMT heteroge- neity on family SMEs’ speed of internationalisation. Our results support our first hypothesis that the family TMT ratio has a negative effect on the relationship between institutional networking and the speed of internation- alisation, as the relationship is weaker when a larger proportion of family members serve as top managers. This is due to the low availability of diverse perspectives and knowledge in decision-making processes when fam- ily involvement is excessive. In this respect, Dyer (2006) suggests that family firms are constrained by their lim- ited pool of human capital and their TMTs often lack qualified employees. For this reason, hiring non-family members for the TMT may transform the family firm into a more professional business (Dyer, 1989), bringing specific skills, formal training and idiosyncratic knowl- edge, and thus, help them overcome the inherent limita- tions of family management (Segaro et al., 2014). Thus, our results suggest that family firms that wish to quickly penetrate international markets must hire and maintain experienced and skilled non-family members for their TMTs to improve the institutional networking effect on the speed of internationalisation. The present study contends that a multigenerational family presence in the TMT positively influences the effect of institutional networking on family firms’ speed of internationalisation. The underlying idea is that gen- erational involvement is conceived as a proxy of knowl- edge diversity in multigenerational family TMTs (Scias- cia, 2013). However, our results do not support this sec- ond hypothesis. Rather, they show that involving a larger number of generations generates a positive but not sig- nificant moderating effect. This lack of evidence of the effect of generational involvement allows us to propose the following interpretation. Multigenerational family businesses involve hierarchical and asymmetric relation- ships among members of different generations (Wade- Benzoni, 2002), where communication problems, differ- ent priorities and anachronistic mentalities are factors which create a negative climate. This would reduce the benefits of having a more heterogeneous TMT with the presence of multiple generations. Table 1. Binomial logit model (average marginal effects). Independent variables Marginal effects (dy/dx) P> I z I Institutional networking 0.536 0.054 Institutional networking*Family TMT ratio -0.006 0.048 Institutional networking* Multigenerational involvement 0.118 0.423 Human capital 0.006 0.008 Size 0.120 0.073 Age -0.164 0.093 N 77 McFadden’s R2 0.202 Likelihood ratio Test 20.57 Chi-square statistic 0.002 48 Marta Fernández-Olmos, G. Malorgio 6. CONCLUSIONS This paper aims to make several contributions to the under-researched and poorly understood phenom- enon of the internationalisation process in family firms (Arregle et al., 2019). First, our findings contribute to recent research on family firm heterogeneity, which has been insuffi- ciently examined when studying the internationalisa- tion of family firms (Arregle et al., 2019). Ignoring this could lead to an inaccurate understanding of the process (Melin and Nordqvist, 2007). Family firms are heterogeneous as they differ in terms of the extent and mode of family involvement in the TMT. Dimensions of family firm governance are dis- cussed, and our study focuses on how governance influ- ences the speed of internationalisation, moderating the effect of institutional networking. Second, our study contributes to the scant research on the influence of family involvement in the TMT and the internationalisation process in family firms (Arregle et al., 2019) by showing how family TMT heterogene- ity, as a distinctive characteristic of family firms, does influence the relationship between institutional network- ing and the speed of internationalisation. This knowl- edge contributes to the upper echelons theory on family firms by increasing our understanding of the impact of two diversities that are found specifically in family firm TMTs: the family TMT ratio (i.e., the proportion of fam- ily members in the TMT) and generational involvement (i.e., presence of multiple generations in the TMT). We choose these two family firm-specific diversities, which are found only in family firms, because they have been previously analysed in research on entrepreneurial ori- entation (Alayo et al., 2019) or innovation (Kraiczy et al., 2015; Arzubiaga et al., 2019) in family firms, but not in the relationship between institutional networking and speed of internationalisation. Based on the upper echelons theory, we show that the proportion of family members in the TMT plays an important role in strategic decision-making and moder- ates the existing positive relationship between institu- tional networking and the speed of internationalisation. Our results also suggest that generational involvement in the TMT is a double-edged sword with advantages and disadvantages. On the one hand, with the presence of diverse younger generations may benefit from the experi- ence and different knowledge backgrounds of older gen- erations. On the other hand, older generations tend to be more risk-averse than previous generations when it comes to expanding to foreign markets. This can explain why the expected positive effect was not significant. There- fore, future research efforts should validate our findings with regard to these two family firm-specific diversities by using larger and more heterogeneous samples. Third, we contribute to the literature combining international business and family firms by providing a potential explanation for why family firms are able to internationalise quickly. Little research exists on family firms’ institutional networking and the internationali- sation of family firms, and in particular, on the dimen- sion of the speed of internationalisation. To the best of our knowledge, this is the first study to analyse how the effect of institutional networking on the speed of inter- nationalisation may vary because of family influence. Specif ic family f irm characteristics (i.e., fam- ily involvement in TMT) can facilitate a set of strategic decisions related to internationalisation. Thus, this paper argues that the relationship between a family firm and the speed of internationalisation is a highly complex issue that needs further research. Fourth, our study aims to serve as a turning point in the investigation of the family wine sector. Fam- ily firms are the most common type of business in the wine industry, but their gradual or accelerated process of internationalisation has not been investigated in depth although it has become significant. Our results are based on a comprehensive new data set on institutional net- working, family firm characteristics, and internation- alisation, for a broad sample of 77 family wineries in DOC Rioja, a context where almost 90% of wineries are considered family firms according to AREF (Asociación Riojana de Empresa Familiar, https://www.aref.es/). It would be interesting for future studies to analyse other dimensions of internationalisation of family firms and their variations due to the influence of family-related factors in other settings. The results obtained also have interesting implications for the managers of family firms, because it may help them to identify the effective composition of TMTs to be consid- ered when deciding on the process of internationalisation. Our findings suggest that the presence of family managers in TMT positions can be an obstacle as regards increasing the speed of the internationalisation process. To overcome these barriers, it non-family members should participate in TMTs because they accumulate, develop and trans- fer external market knowledge and experiences that can enhance the effect of institutional networking during the process of entering an international market. Non-family managers can also mitigate problems among family mem- bers by infusing a broader, organisationally rational per- spective into their practices (Alayo et al. 2019). With regard to the presence of multiple generations in TMT positions, the effect is ambiguous. Each gen- 49The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry eration of a family business tends to have different pri- orities related to management and future strategies. This can affect their internationalisation business interests if there is a lack of coordination and mutual understand- ing amongst family members. Consequently, and in line with the work of Alayo et al. (2019), family firms should try to align the interests of business for non-family and family members of different generations involved in the TMT to lead to a valuable collaboration regarding knowledge transfer and decision-making. However, our results must be viewed in the light of the study’s limitations. Empirical data were obtained only from DOC Rioja wine family businesses. There- fore, the findings may not be generalizable to other environments. However, we consider that this sample is valuable in explaining why some family firms exhibit divergent behaviour with regard to the speed of inter- nationalisation for two reasons. First, the use of this homogenous, industry-specific sample permits us to concentrate on the more firm-specific variables, and sec- ond, the research on family businesses in the wine sector is practically non-existent (Soler et al., 2017). Moreover, we conduct a cross-sectional study due to a lack of lon- gitudinal information, which presents the disadvantage of not capturing the dynamic nature of the hypotheses tested in this study. Therefore, future research should take a dynamic approach into account to gain more insight into the relationship between institutional net- working and the speed of internationalisation. In spite of these limitations, this paper sheds light on the process of decision-making with regard to the internationalisation process in family firms. It could help guide policy makers in designing stimulation pro- grammes to motivate family firms, particularly wineries, to organize their TMTs depending on their internation- alisation needs. AKNOWLEDGEMENT This research was supported by project grant ECO2016-77-P (AEI/FEDER, UE) , the COMPETE (S52 _17R) research group (Government of Aragón -Spain- and FEDER 2014-2020 "Construyendo Europa desde Aragón") and by project VINCI SOE3/P2/F0917. 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Zhang, X., Ma, X., Wang, Y., Li, X., Huo, D. 2015. What drives the internationalization of Chinese SMEs? The joint effect of international entrepreneurship charac- teristics, network ties, and firm ownership. Int. Bus. Review 25(2), 522-534. Wine Economics and Policy Volume 9, Issue 1 - 2020 Firenze University Press Creating Opportunity from Crisis, Progress from Research: Redefining the Wine Sector Peter Hayes AM1 US Wine Industry Preparedness For Unforeseen Crises And Disasters: An Empirical Test Armand Gilinsky, Jr.1, Astha Sen2, Judith Ford3, Sergio Canavati de la Torre4, Sandra K. Newton5,* A Cross-Cultural Comparison of Wine Consumption and Purchasing Behaviour in Germany and Hungary Gergely Szolnoki1,*, Gedeon Totth2 Assessing the Effects of the Environment on Consumers’ Evaluations for Wine Gioacchino Pappalardo, Gaetano Chinnici*, Roberta Selvaggi, Biagio Pecorino The Speed of the Internationalisation Process and the Institutional Networks of Family SMEs in the DOC Rioja Wine Industry Marta Fernández-Olmos1,*, Giulio Malorgio2 The Impact of Changes in Regulatory and Market Environment on Sustainability of Wine Producers: A Structural Equation Model Chinedu Obi1,2,*, Daniele Vergamini1, Fabio Bartolini1, Gianluca Brunori1 Emerging Consumer Preference for Wine Attributes in a European Transition Country – the Case of Kosovo Edvin Zhllima1, Drini Imami1,*, Njazi Bytyqi2, Maurizio Canavari3, Elvina Merkaj4, Catherine Chan5 Price Determinants of Sparkling Wine in Poland: Does Reputation Really Matter? Authors: Samuele Trestini1,*, Alice Stiletto1, Stefanella Stranieri2