Micro-family-owned businesses in hostile environment : future engine for growth?

Vial, Virginie & Garonne, Christophe (2010) Micro-family-owned businesses in hostile environment : future engine for growth? In Proceedings of 2010 Babson College Entrepreneurship Research Conference, Babson College, Lausanne.

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Using panel data from the four waves of the Indonesia Family Life Survey in 1993, 1997, 2000 and 2007 we investigate the prerequisite for and contribution of micro-family-businesses to economic development. We find that family-owned firms are on average fairly profitable compared with the industrial sector profit standard. Failure rates between 1997 and 2000 are very low (about 10%), while the industrial sector experimented a massive shakeout of about 33% in the wake of the 1997 crisis (Ter Wengel & Rodriguez, 2006), with an increase in the number of family-businesses between the two years of observation. This paper contributes to the economics of entrepreneurship studies by continuing the discussion of entrepreneurship in hostile business environments (Baumol, 1990; Sobel, 2008).

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ID Code: 39694
Item Type: Conference Paper
Refereed: Yes
Keywords: Micro-family-owned businesses , Growth, Environment
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Entrepreneurship (150304)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright 2010 [please consult the authors]
Deposited On: 27 Jan 2011 00:27
Last Modified: 10 Aug 2011 18:05

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