The impact of small- and medium-sized family firms on economic growth

被引：0
作者：
Esra Memili
Hanqing Fang
James J. Chrisman
Alfredo De Massis
机构：
[1] University of North Carolina at Greensboro,Bryan School of Business and Economics
[2] Mississippi State University,Department of Management and Information Systems
[3] Zhejiang University of Technology,China Small and Medium Business Research Institute
[4] University of Alberta,Centre for Entrepreneurship and Family Enterprise
[5] Lancaster University Management School,Centre for Family Business, Department of Entrepreneurship, Strategy and Innovation
来源：
Small Business Economics | 2015年 / 45卷
关键词：
Family business; Economic growth; Family firms; SMEs; Knowledge asymmetry; D82 asymmetric information; L26 entrepreneurship; O47 empirical studies of economic growth; O51 US;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Drawing on family business studies and the knowledge-based view of economic growth, we develop and test a model of how the prevalence of small- and medium-size enterprises (SMEs) under family control affects economic growth. Specifically, we propose there is an inverted U-shaped relationship between family SMEs’ proportional representation and economic growth owing to their relative strengths and limitations vis-à-vis non-family SMEs. Using state-level data from the US between 2004 and 2010, we find support for our hypothesis and the underlying contention that economic growth is maximized when an economy includes a balanced mix of family and non-family SMEs.
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页码：771 / 785
页数：14
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