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Outcomes of family involvement in minority owned family businesses

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  • Shinnar, Rachel S.
  • Cho, Seonghee
  • Rogoff, Edward G.

Abstract

This article applies the resource based view (RBV) of the firm to examine the role of family involvement in family, minority owned SMEs and its impact on owner, business and family outcomes. Our nationally representative sample encompasses four groups of entrepreneurs: White, African-American, Korean-American and Mexican-American. Findings show significant differences across the four groups in the three measures of family involvement including the proportion of family members employed in the business, degree of family reciprocal altruism toward the business and degree of financial involvement in the business. Family involvement in the business is also shown to impact owner, business and family outcomes differently across the four groups. Implications for research and practice are discussed.

Suggested Citation

  • Shinnar, Rachel S. & Cho, Seonghee & Rogoff, Edward G., 2013. "Outcomes of family involvement in minority owned family businesses," Journal of Family Business Strategy, Elsevier, vol. 4(1), pages 22-33.
    • Handle: RePEc:eee:fambus:v:4:y:2013:i:1:p:22-33
    DOI: 10.1016/j.jfbs.2012.12.001
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    3. Volkan Yeniaras & Pinar Sener & Suheyl Unver, 2017. "Is market learning the missing link between family involvement – firm performance relationship? A resource-based perspective," International Entrepreneurship and Management Journal, Springer, vol. 13(2), pages 575-604, June.
    4. Daniela Gimenez-Jimenez & Linda F. Edelman & Tommaso Minola & Andrea Calabrò & Lucio Cassia, 2021. "An Intergeneration Solidarity Perspective on Succession Intentions in Family Firms," Entrepreneurship Theory and Practice, , vol. 45(4), pages 740-766, July.
    5. Gallucci, Carmen & Santulli, Rosalia & Calabrò, Andrea, 2015. "Does family involvement foster or hinder firm performance? The missing role of family-based branding strategies," Journal of Family Business Strategy, Elsevier, vol. 6(3), pages 155-165.

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