Contextualizing small family firms: How does the urban–rural context affect firm employment growth?

Bäckman, Mikaela; Palmberg, Johanna

doi:10.1016/j.jfbs.2015.10.003

Cited by 54 publications

(78 citation statements)

References 78 publications

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“…Table 6 shows that the average and median values for family firms are significantly smaller than for private non-family firms in terms of employment, sales, and total assets. This result is consistent with the findings of Backman and Palmberg (2015) and Dow and McGuire (2016). The average and median age of family firms is also greater.…”

Section: The Characteristics Of Family Firmssupporting

confidence: 92%

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The characteristics of family firms: exploiting information on ownership, kinship, and governance using total population data

et al. 2017

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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.

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Section: The Characteristics Of Family Firmssupporting

confidence: 92%

“…Additional analysis of closely held firms with ownership information indicates that this is a reasonable approximation. 3 Other studies include Grundström et al (2012), , Backman and Palmberg (2015), and Bornhäll et al (2016).…”

Section: Conceptual Framework: Defining Family Firmsmentioning

confidence: 99%

The characteristics of family firms: exploiting information on ownership, kinship, and governance using total population data

et al. 2017

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“…However, medium-sized firms are the only to leverage the benefits of location (in a district) but only in the case of family ownership. Backman & Palmberg (2015) Does the urban-rural context influence the relationship between family and nonfamily firms and firm employment growth?…”

Section: Quantitative Methodsmentioning

confidence: 99%

“…(Backman & Palmberg, 2015). The authors use a Swedish database to study whether and how the urban or rural location of family and nonfamily firms affects the firm's employment growth ratio.…”

Section: Overview Of Contributions To the Special Issuementioning

confidence: 99%

“…Tailoring regional policies requires deep social and economic analysis, but this process cannot omit the existence of family businesses as actors with sufficient capacity to alter the destiny of a region by transforming the way regional factors and regional processes evolve. Backman and Palmberg (2015), for example, show that family firms grow particularly strong in rural regions. Specifically, if the intention of policymakers is to stimulate firm employment growth, then the interaction of firm location and type of firm must be considered.…”

Section: Implications For Policymakersmentioning

confidence: 99%

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Family business and regional science: “Bridging the gap”

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et al. 2015

Journal of Family Business Strategy

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Abstract. The purpose of this special issue is to stimulate research on the interaction between the fields of family business and regional science. Despite their overlapping themes and the high relevance of family firms for many regions, the two academic fields have emerged independently from each other, and little exchange exists. We discuss not only the role family firms play within the region in order to enhance our understanding of the ways family firms may (or may not) contribute to regional economic development but also the effect of socio-spatial and institutional context on firm behavior and performance. The set of empirical and theoretical articles included in this special issue represents an important early step bridging insights between the two fields.2

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