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The characteristics of family firms: exploiting information on ownership, kinship, and governance using total population data
Statistics Sweden, Örebro, Sweden.
Örebro University School of Business, Örebro, Sweden; HUI Research, Stockholm, Sweden.
Jönköping University, Internationella Handelshögskolan, IHH, Centre for Family Entrepreneurship and Ownership (CeFEO). Örebro University School of Business, Örebro, Sweden.
Örebro University School of Business, Örebro, Sweden; The Ratio Institute, Stockholm, Sweden.
Vise andre og tillknytning
2018 (engelsk)Inngår i: Small Business Economics, ISSN 0921-898X, E-ISSN 1573-0913, Vol. 51, nr 3, s. 539-556Artikkel i tidsskrift (Fagfellevurdert) Published
Hållbar utveckling
00. Hållbar utveckling, 9. Hållbar industri, innovationer och infrastruktur
Abstract [en]

Family firms are often considered characteristically different from non-family firms. However, our understanding of family firms suffers from an inability to identify them in total population data; information is rarely available regarding owners, their kinship, and their involvement in firm governance. We present a method for identifying domiciled family firms using register data; this method offers greater accuracy than previous methods. We apply this method to Swedish data concerning firm ownership, governance, and kinship from 2004 to 2010. We find that the family firm is a significant organizational form, contributing over one third of all employment and gross domestic product (GDP). Family firms are common in most industries and range in size. Furthermore, we find that, compared to private non-family firms, family firms have fewer total assets, employment, and sales and carry higher solidity, although family firms are more profitable. These differences diminish with firm size. We conclude that the term “family firm” includes a large variety of firms, and we call for increased attention to their heterogeneity.

sted, utgiver, år, opplag, sider
Springer, 2018. Vol. 51, nr 3, s. 539-556
Emneord [en]
Employment, Entrepreneur, Family firms, GDP, Register data
HSV kategori
Identifikatorer
URN: urn:nbn:se:hj:diva-63703DOI: 10.1007/s11187-017-9947-6ISI: 000443439100003Scopus ID: 2-s2.0-85030325971OAI: oai:DiVA.org:hj-63703DiVA, id: diva2:1841323
Tilgjengelig fra: 2024-02-28 Laget: 2024-02-28 Sist oppdatert: 2024-02-28bibliografisk kontrollert

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