Do Business Ecosystems See Color?

2018 ◽  
Vol 9 (3) ◽  
pp. 80-91
Author(s):  
Henry Clay McKoy Jr. ◽  
James H Johnson Jr.
Keyword(s):  
Small Businesses ◽  
Minority Business ◽  
Business Owners ◽  
Community Survey ◽  
Future Research ◽  
Economic Downturn ◽  
American Community Survey ◽  
The Great Depression ◽  
Business Ecosystems ◽  
Minority Business Owners

This article describes an American community survey and a survey of business owners of which the data are merged to assess the experiences of minority- versus white-owned small businesses between 2007 and 2012. This is highlighted due to it being a period encompassing the worst economic downturn since The Great Depression. White firms declined while minority firms grew rapidly. Despite recent efforts to create inclusive entrepreneurial and business ecosystems, however, minority business owners made little progress toward achieving equity or parity with white business owners. Policy prescriptions and implications for future research are discussed.

AMERICA'S LARGEST BLACK-OWNED COMPANIES: A 30-YEAR LONGITUDINAL ANALYSIS

2007 ◽  
Vol 12 (03) ◽  
pp. 323-338 ◽  
Author(s):  
MATTHEW C. SONFIELD
Keyword(s):  
Longitudinal Analysis ◽  
Small Businesses ◽  
Survival Rates ◽  
Minority Business ◽  
Black Business ◽  
Business Owners ◽  
Business Success ◽  
Minority Businesses ◽  
American Black ◽  
Minority Business Owners

This article investigates the largest American black-owned companies over a 30-year period, from 1974 to 2004. Trends with regard to the growth and decline of industry categories and of individual companies, and with regard to these companies' survival rates, are analyzed. Comparable survival rates of small businesses in general, of minority businesses, and of large corporations are investigated. The important factors of corporate minority procurement programs and government minority set-aside programs are evaluated. The phenomenon of large American corporations acquiring some of the most successful black-owned businesses is also studied. These various factors relating to black business success and failure lead to a range of implications and recommendations for current and aspiring minority business owners, as well as to consultants to and researchers of minority business.

PERFORMANCE OF NEWLY-FORMED MICRO FIRMS: THE ROLE OF CAPITAL FINANCING IN MINORITY-OWNED ENTERPRISES

2012 ◽  
Vol 17 (03) ◽  
pp. 1250014 ◽  
Author(s):  
ROWENA ORTIZ-WALTERS ◽  
MARK GIUS
Keyword(s):  
Minority Business ◽  
Business Owners ◽  
Kauffman Firm Survey ◽  
Firm Profitability ◽  
Black Entrepreneurs ◽  
Capital Financing ◽  
Minority Business Owners ◽  
The Impact ◽  
Minority Entrepreneurs

We sought to ascertain whether newly-formed micro firms owned by minority entrepreneurs would be as likely to be profitable or not when compared to non-minority business owners. Additionally, we placed special emphasis on the impact of equity and debt to determine if capital financing influences firm profitability the same or differently for minority as compared to non-minority owned micro firms. Using longitudinal data from the Kauffman Firm Survey, micro firms owned by Hispanic and Black entrepreneurs were less likely to be profitable than non-minority owned micro firms, whereas profitability differences were not found between the latter and Asian-owned micro firms. Moreover, Hispanic and Black-owned micro firms that made use of personal debt were more likely to be profitable than those using only equity to finance operations. Asian-owned micro firms that utilized business debt were more likely to earn a profit than those solely using equity. Alternatively, non-minority owners benefited in terms of profitability from the use of both personal and business debt. Implications of these findings for minority entrepreneurship are discussed.

MINORITY BUSINESS NETWORKS AS SOURCES OF SOCIAL CAPITAL FOR MINORITY FIRMS

2013 ◽  
Vol 18 (03) ◽  
pp. 1350019 ◽  
Author(s):  
IAN Y. BLOUNT ◽  
DELMONIZE A. SMITH ◽  
JAMES A. HILL
Keyword(s):  
Social Capital ◽  
Resource Dependence ◽  
Minority Business ◽  
Business Owners ◽  
Business Networks ◽  
Business Network ◽  
Relative Value ◽  
The Social ◽  
Minority Business Owners ◽  
Resource Dependence Perspective

Much of our understanding concerning minority-owned firms is based on nascent entrepreneurial businesses. Therefore, it is difficult to answer the question of how a minority-owned firm's age and size may influence the social capital derived from a minority business network. We utilize a resource-dependence perspective to hypothesize that the social capital derived from participation in a minority business network will be negatively related to the minority-owned firm's age and size. We find that firm size (as measured by revenue and number of employees) is negatively related with social capital derived from the minority business network. Our findings may help minority business owners understand the relative value of membership in minority business networks before committing limited resources.

National Minority Business Owners Surveys: Presentation

2007 ◽  
Author(s):  
Elissa B. Grossman ◽  
Edward G. Rogoff ◽  
Myung-Soo Lee ◽  
Ramona Heck
Keyword(s):  
Minority Business ◽  
Business Owners ◽  
National Minority ◽  
Minority Business Owners

FAMILY INVOLVEMENT IN CHINESE AND GERMAN SMALL BUSINESSES

2011 ◽  
Vol 19 (03) ◽  
pp. 261-285 ◽  
Author(s):  
ANTJE SCHMITT ◽  
MICHAEL FRESE
Keyword(s):  
Cultural Values ◽  
Family Involvement ◽  
Small Businesses ◽  
Family Members ◽  
Business Owners ◽  
Future Research ◽  
Negative Effects ◽  
Business Outcomes ◽  
Start Up ◽  
Negative Effect

The goal of this study was to examine cultural differences in the value of family involvement in German and Chinese small businesses due to their differences in collectivism/individualism. Our analyses, based on a sample of 562 Chinese and German owners, showed that family involvement — measured as the number of family members that work in the business — is higher in China than in Germany. Compared to German business owners, Chinese owners received most of their start-up capital from family members. Moreover, we were interested in whether family involvement is related to the business owner's ability to make use of start-up capital to turn it into business outcomes. Building on existing literature and based on the match hypothesis we hypothesized that the effects of family involvement on business outcomes depend on the cultural values underlying a business. Our analyses revealed that family involvement negatively affected relationships of start-up capital with business outcomes both in China and in Germany. Our study contributes by showing that a negative effect of family involvement on the ability to make use of start-up capital is not only evident in individualistic cultures such as Germany but does also apply to collectivistic Chinese businesses. Practically, owners in both cultures are suggested to develop strategies in order to prevent and overcome negative effects of family involvement on business outcomes. Our results suggest fruitful avenues for future research.

Sampling Minority Business Owners and Their Families: The Understudied Entrepreneurial Experience

2008 ◽  
Vol 46 (3) ◽  
pp. 422-455 ◽  
Author(s):  
Alvin N. Puryear ◽  
Edward G. Rogoff ◽  
Myung-Soo Lee ◽  
Ramona K. Z. Heck ◽  
Elissa B. Grossman ◽  
...  
Keyword(s):  
Minority Business ◽  
Business Owners ◽  
Entrepreneurial Experience ◽  
Minority Business Owners

Adjustment strategies and business success in minority-owned family firms

2015 ◽  
Vol 18 (1) ◽  
pp. 9-26 ◽  
Author(s):  
Yoon G. Lee ◽  
Margaret A. Fitzgerald ◽  
Kenneth R. Bartkus ◽  
Myung-Soo Lee
Keyword(s):  
African American ◽  
Mexican American ◽  
Minority Business ◽  
Business Owners ◽  
Korean American ◽  
Business Success ◽  
American Business ◽  
Family Needs ◽  
Adjustment Strategies ◽  
Minority Business Owners

With data from the 2003 and 2005 National Minority Business Owners Survey, we examined the extent to which minority business owners differ from nonminority business owners in their reported use of adjustment strategies, and the relationship between the use of adjustment strategies and perceived business success. The sample consisted of 193 African American, 200 Mexican American, 200 Korean American, and 210 white business owners. Mexican American and Korean American business owners reported higher levels of adjustment strategy use than African American and white business owners. The ordinary least squares show that reallocating family resources to meet business needs and reallocating business resources to meet family needs were negatively associated with perceived business success, whereas hiring paid help was positively associated with perceived business success.

scholarly journals Using a large sample analysis of Thai listed firms, we address an important question. Do board diversity and network add value to firms? This article extends the debate on the benefits and costs of board diversity and network and their effect on the broad

2013 ◽  
Vol 29 (6) ◽  
pp. 1883 ◽  
Author(s):  
Richard Chinomona
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Performance ◽  
Skills Training ◽  
Business Owners ◽  
Future Research ◽  
Small Business Owners ◽  
Board Diversity ◽  
Managerial Implications ◽  
Small Business Performance

While researches on small businesses have grown substantially, there seem to be a paucity of researches that specifically investigate the effects of small business owners expertise on employees skills training and small business performance. In order to fill this void the current study examined the direct effects of small business owner expertise on small business performance and the mediating influence of employee skills training in this relationship. To empirically test the three (3) posited hypotheses, a sample data of 221 was collected from small business employees in Zimbabwe. The results indicate that small business owners expertise positively influence employees skills training and small business performance in a significant way. Managerial implications of the findings are discussed and limitations and future research directions are indicated.

Social Commerce Benefits for Small Businesses

2019 ◽  
pp. 1237-1255 ◽  
Author(s):  
Ludwig Christian Schaupp ◽  
France Bélanger
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Business Owners ◽  
Future Research ◽  
Business Success ◽  
Small Business Owners ◽  
Social Commerce ◽  
Small Companies ◽  
Stakeholder Pressure ◽  
Use Of Social Media

Small businesses represent an important element of many western economies. However, they often struggle with resources needed to succeed, and small business owners often have to perform many, if not all, roles in their organizations. One of the key functions that small businesses need to excel at for business success today is social commerce since much of their business is migrating towards the use of social media for business. In this study, determinants of social commerce benefits for small businesses are explored. Using survey data from 60 small companies, this research identifies stakeholder pressure and partner pressure as the most significant factors in determining social commerce benefits for small business. Implications of these findings and provide suggestions for future research are discussed.

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