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Female Top Management in Family Firms and Non-family Firms: Evidence from Total Population Data
Statistics Sweden, Örebro, Sweden. (Företagandet och företagandets villkor)
Örebro universitet, Handelshögskolan vid Örebro Universitet. (Företagandet och företagandets villkor)ORCID-id: 0000-0002-5610-8526
Örebro universitet, Handelshögskolan vid Örebro Universitet. (Företagandet och företagandets villkor)ORCID-id: 0000-0001-5457-1915
Örebro universitet, Handelshögskolan vid Örebro Universitet. Ratio, Stockholm, Sweden. (Företagandet och företagandets villkor)ORCID-id: 0000-0003-0149-9598
Vise andre og tillknytning
2018 (engelsk)Inngår i: International Journal of Entrepreneurship and Small Business, ISSN 1476-1297, E-ISSN 1741-8054, Vol. 35, nr 3, s. 303-326Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

We exploit information on ownership, management and kinship to study the representation of women in top management teams in Swedish family and non-family firms among domiciled limited liability firms over the years 2004 to 2010. The share of female top managers is analysed across listed and non-listed firms as well as across industries. We then estimate the likelihood that a woman is elected into the top management team in family and non-family firms using a probit regression model where we control for firm- and individual-level characteristics, including the gender distribution of the firm and kinship relations to existing board members and firm owners. We find that non-listed family firms are more likely to appoint female top managers, whereas we find no differences among listed firms. Moreover, we find that the gender composition and kinship structures of firms influence the appointment of female top managers.

sted, utgiver, år, opplag, sider
InderScience Publishers, 2018. Vol. 35, nr 3, s. 303-326
HSV kategori
Forskningsprogram
Nationalekonomi
Identifikatorer
URN: urn:nbn:se:oru:diva-57683DOI: 10.1504/IJESB.2018.095903Scopus ID: 2-s2.0-85055855794OAI: oai:DiVA.org:oru-57683DiVA, id: diva2:1096069
Prosjekter
Tillväxthinder i små och medelstora företag
Forskningsfinansiär
Swedish Agency for Economic and Regional GrowthThe Jan Wallander and Tom Hedelius FoundationTilgjengelig fra: 2017-05-16 Laget: 2017-05-16 Sist oppdatert: 2020-03-03bibliografisk kontrollert
Inngår i avhandling
1. Essays on Family Firms and Firm Growth Barriers
Åpne denne publikasjonen i ny fane eller vindu >>Essays on Family Firms and Firm Growth Barriers
2020 (engelsk)Doktoravhandling, med artikler (Annet vitenskapelig)
Abstract [en]

This thesis concerns the implications of family ownership and perceived growth barriers for firm decision-making and performance. The first article examines the inclusion of family business in economics doctoral programs in the United States and Sweden, as well as the views of professors and textbook authors and research on family business. It is found that family business is not included in the examined curricula. Furthermore, professors and authors do not publish research on family business and generally do not see a need to incorporate it into economic theory. The article concludes by discussing the causes of this omission, as well as strategies to overcome them in order to further our understanding of economic action. The second article presents a novel strategy for identifying domiciled family firms using total population data. By applying this strategy to Swedish data, family firms are found to contribute to one-third of Swedish employment and gross domestic product, and a significant share of Sweden’s largest firms are family-owned. In general, family firms are found to be smaller than their non-family equivalents, although they are more profitable. Meanwhile, differences between family firms and nonfamily firms are found to diminish with firm size. The third article examines whether family firms have a comparative employment growth advantage over nonfamily firms in regions with relatively low population density. As a group, family firms are found to be the main source of job creation in rural regions, largely as a result of their large numbers. Nevertheless, the average family firm is found to grow more slowly than the average non-family firm. Meanwhile, in line with the study’s conjecture, this difference is found to decrease across the urban-rural context, i.e., across metropolitan, urban and rural regions. The fourth paper examines the representation of women in top management teams1 in family firms and non-family firms. Moreover, the share of women in a firm’s top management team is found to be positively associated with the additional appointment of female managers. Lastly, kinship bonds between the owning families and prospective managers are found to be positively associated with the appointment of women on top management teams. The fifth paper aims to capture the relationship between perceived growth barriers and firm size, which is achieved by developing a novel data-driven strategy for identifying firm size groups. It is found that smaller firms typically face accessibility constraints on equity financing, whereas larger firms generally face barriers related to competition and accessibility to qualified staff. These results are benchmarked against those using prevailing strategies for measuring firm size, whereby it is suggested that there may be a need for methodological rethinking in the field regarding its treatment of firm size.

sted, utgiver, år, opplag, sider
Örebro: Örebro University, 2020. s. 48
Serie
Örebro Studies in Economics, ISSN 1651-8896 ; 43
Emneord
entrepreneurship, family firm, family ownership, firm growth, institutions, perceived growth barriers
HSV kategori
Identifikatorer
urn:nbn:se:oru:diva-80222 (URN)978-91-7529-325-7 (ISBN)
Disputas
2020-04-03, Örebro universitet, Hörsalen, Musikhögskolan, Fakultetsgatan 1, Örebro, 13:15 (engelsk)
Opponent
Veileder
Tilgjengelig fra: 2020-02-27 Laget: 2020-02-27 Sist oppdatert: 2020-03-03bibliografisk kontrollert

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