The characteristics of family firms: exploiting information on ownership, kinship, and governance using total population data
Fredrik W. Andersson (),
Dan Johansson (),
Johan Karlsson (),
Magnus Lodefalk and
Andreas Poldahl ()
Additional contact information
Fredrik W. Andersson: Statistics Sweden
Johan Karlsson: Örebro University School of Business
Andreas Poldahl: Statistics Sweden
Small Business Economics, 2018, vol. 51, issue 3, 539-556
Abstract 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.
Keywords: Entrepreneur; Family firms; Employment; GDP; Register data; D22; G38; H32; L22; L25; L26; L53 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s11187-017-9947-6 Abstract (text/html)
Access to full text is restricted to subscribers.
Working Paper: The Characteristics of Family Firms: Exploiting Information on Ownership, Kinship and Governance Using Total Population Data (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:sbusec:v:51:y:2018:i:3:d:10.1007_s11187-017-9947-6
Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/11187/PS2
Access Statistics for this article
Small Business Economics is currently edited by Zoltan J. Acs and David B. Audretsch
More articles in Small Business Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().