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.
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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|Item Type:||Conference Paper|
|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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