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A small family firm was approached by a foreign company interested in licensing its products. To do this, the firm would need to hire nonfamily

A small family firm was approached by a foreign company interested in licensing its products. To do this, the firm would need to hire nonfamily managers in the foreign market to ensure that the licensing agreement is managed. The family is not sure this is the best option for growth. Which argument does this relate to?
a. Globalization convergence unleashes a "survival-of-the-fittest" process.
b. Cross-listed foreign firms do not necessarily adopt U.S. governance norms.
c. Family firms tend to avoid risk and are reluctant internationalizers.
d. Family firm managers are stewards who safeguard shareholder interests.

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