Family Businesses’ Contribution to the U.S. Economy: A Closer Look

By J. Astrachan, Melissa Carey Shanker. 2003

1,004 citations recorded by the source corpus.

Subfields: Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/fe2e0fd34d291a06bae318bae88b862b9db78079

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In Organizational Behavior and Human Resource Management

Citations in the corpus

Firm Philanthropy in Small- and Medium-Sized Family Firms (2014, neutral): “…initiatives are being paid increasing attention in the public domain and mass media; family firms, due to their ubiquity (Anderson & Reeb, 2003; Astrachan & Shanker, 2003) play a crucial role in the development of economies across the world (La Porta, Lopez-de-Silanes, & Shleifer, 1999;…”
Technology Acquisition in Family and Nonfamily Firms: A Longitudinal Analysis of Spanish Manufacturing Firms (2013, background): “(Astrachan and Shanker, 2003), suggesting that innovation issues in family firms are of great interest to policy in order to foster economic development.”
‘Types’ of private family firms: an exploratory conceptual and empirical analysis (2007, background): “…(Neubauer and Lank 1998, IFERA 2003), and they make a notable contribution to wealth creation and job generation with reference to narrow and broad family firm definitions (Astrachan and Shanker 2003).1 Family firms have been found to be overrepresented in rural areas (Westhead and Cowling 1998).”
Board Composition in Small and Medium‐Sized Family Firms** (2007, background): “Introduction Family firms represent the majority of all businesses in countries around the world (Astrachan and Shanker 2003; IFERA 2003).”
Earnings Management in Family Firms: Evidence From R&D Cost Capitalization in Italy (2008, methodology): “This is a broad definition (Astrachan & Shanker, 2003) that has been used previously in other studies (e.g., Corbetta & Minichilli, 2005; Gubitta & Gianecchini, 2002).”
Family firms in the global economy: Toward a deeper understanding of internationalization determinants, processes, and outcomes (2018, background): “In the United States, one third of S&P 500 firms are owned/controlled and/or managed by the founding family, family firms account for 89 percent of total tax returns, 64 percent of GDP, and employ 62 percent of the total workforce (Anderson and Reeb, 2003; Astrachan and Shanker, 2003).”
Conflicting Selves: Family Owners' Multiple Goals and Self-Control Agency Problems in Private Firms (2018, background): “Family ownership is very common (Faccio & Lang, 2002), especially in private firms (Astrachan & Shanker, 2003) where family owners typically have majority ownership and tend to select top managers based on family ties rather than professional expertise (Chrisman, Memili, & Misra, 2014; Fiegener,…”
Innovation in family firms: an empirical analysis linking organizational and managerial innovation to corporate success (2011, background): “The will to retain the company in the family on a long-term basis also should be added as a necessary prerequisite, along with the distribution of control among several family members (Sharma et al. 1997; Astrachan and Shanker 2003).”
Influence of CEO characteristics in family firms internationalization (2017, background): “Although the concept of FF has been extensively developed in previous literature, there is still no widely accepted definition of family business in academia (Astrachan & Shanker, 2003; Littunen & Hyrsky, 2000; Sharma & Zahra, 2004).”
Owner‐Management, Firm Age, and Productivity in Italian Family Firms (2014, background): “In the literature, there is no single definition of a family business (Astrachan and Shanker 2003; Chua, Chrisman, and Sharma 1999; Miller et al. 2007).”