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High-growth firms and family ownership
Linköping University, Department of Management and Engineering, Economics. Linköping University, The Institute of Technology. Stockholm School of Economics, EHFF, Stockholm, Sweden.
HUI Research, Stockholm & Dalarna University, Borlänge, Sweden.
HUI Research, Stockholm & Dalarna University, Borlänge, Sweden.
2013 (English)In: Journal of Small Business and Entrepreneurship, ISSN 0827-6331, E-ISSN 2169-2610, Vol. 26, no 4, 365-385 p.Article in journal (Refereed) Published
Abstract [en]

Empirical studies demonstrate that most net job-growth originates from a small number of high-growth firms (HGFs). The purpose of this paper is to analyze whether family ownership matters for being an HGF, using data on all private firms in Sweden during 1993–2006. Our study is possible due to a tax reform that required tax authorities to identify family relations among ultimate owners of every Swedish firm. We find that family ownership at first sight decreases the probability of exhibiting high growth, but further analysis indicates a more complex relationship. The negative effect of family ownership seems to be driven primarily by small firms, and sometimes even becomes positive when firm growth is analyzed over longer time periods. In addition, the negative effect of family ownership is no longer present when we analyze firms that transferred ownership and control for unobserved time-invariant firm-specific heterogeneity.

Place, publisher, year, edition, pages
Routledge, 2013. Vol. 26, no 4, 365-385 p.
Keyword [en]
high-growth firms; gazelles; firm growth; firm ownership; family firms
National Category
Economics
Identifiers
URN: urn:nbn:se:liu:diva-95882DOI: 10.1080/08276331.2013.821765OAI: oai:DiVA.org:liu-95882DiVA: diva2:639067
Available from: 2013-08-05 Created: 2013-08-05 Last updated: 2017-12-06Bibliographically approved
In thesis
1. Family Matters: Essays on Family Firms and Employment Protection
Open this publication in new window or tab >>Family Matters: Essays on Family Firms and Employment Protection
2013 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

This thesis is a study of firm dynamics, family ownership, and employment protection. It addresses the implications of employment protection on firm productivity and how family owned firms react differently with regard to economic shocks. It also investigates whether family ownership matters for the probability of exhibiting high growth. By using a novel data identification strategy, family ownership is identified in full population register data. The thesis also highlights some important caveats in the official statistics on self-employment.

Abstract [sv]

Denna avhandling behandlar företagsdynamik, familjeägande och anställningsskydd. I avhandlingen analyseras anställningsskyddet och hur det påverkar företagens produktivitet, samt hur familjeägda företag reagerar på chocker inom industrin. I avhandlingen analyseras också hur familjeägande påverkar sannolikheten för ett företag att uppnå en hög tillväxttakt. Genom att kombinera olika statistikkällor kan samtliga familjeföretag i den den svenska företagspopulationen identifieras. Avhandlingen belyser också några av de problem som finns i den officiella statistiken över egenföretagare. 

Place, publisher, year, edition, pages
Linköping: Linköping University Electronic Press, 2013. 35 p.
Series
Linköping Studies in Arts and Science, ISSN 0282-9800 ; 592
Keyword
Family firms, employment protection, firm dynamics, high-growth firms, Familjeföretag, anställningsskydd, företagsdynamik, snabbväxande företag
National Category
Economics and Business Economics Business Administration
Identifiers
urn:nbn:se:liu:diva-100156 (URN)10.3384/diss.diva-100156 (DOI)978-91-7519-495-0 (ISBN)
Public defence
2013-11-29, ACAS, Hus A, Campus Valla, Linköpings universitet, Linköping, 10:15 (English)
Opponent
Supervisors
Available from: 2013-10-30 Created: 2013-10-30 Last updated: 2015-06-02Bibliographically approved

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Bjuggren, Carl Magnus

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