The way a small business is owned can affect how likely it is to expand globally. A study looked at almost 900 small Swedish companies and found that ones owned by people inside the company, like CEOs, are less likely to take big international risks than those owned by outsiders, such as investors. The insiders tend to play it safe and are less adventurous in global expansion compared to external owners who are more willing to take chances on a larger global presence. This shows that who owns a company can impact how much it wants to grow abroad.