Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Family Business – A Missing Link in Economics
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Economics.ORCID iD: 0000-0002-4278-0127
Örebro University.
Örebro University.
(English)Manuscript (preprint) (Other academic)
Abstract [en]

Family businesses account for a substantial share of economic activity and deviate from standard economic assumptions on firm behavior. However, little is known about how these businesses are represented in economic theory. This article examines the inclusion of family business in economics doctoral programs in the United States and Sweden, as well as professors and textbook authors’ views and research on family business. Textbooks, articles and course offerings used in doctoral programs are considered to indicate the state of knowledge in the field. This article finds that family business is not a subject within the examined programs, and professors and authors do not publish research on this topic. Moreover, professors and authors generally state that family business needs not be a part of economic theory. This paper concludes that family business is excluded from ‘core’ economic theory.

Keywords [en]
entrepreneur; family business; family control; family firm; teaching; textbook
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:kth:diva-235378OAI: oai:DiVA.org:kth-235378DiVA, id: diva2:1250669
Note

QC 20180928

Available from: 2018-09-24 Created: 2018-09-24 Last updated: 2018-09-28Bibliographically approved
In thesis
1. The Absent Entrepreneur: Exploring the Role of the Entrepreneur in Economics
Open this publication in new window or tab >>The Absent Entrepreneur: Exploring the Role of the Entrepreneur in Economics
2018 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

Economics as an academic discipline has often found it difficult to formally model the Entrepreneur. As Baumol (1968) noted, “The theoretical firm is entrepreneurless—the prince of Denmark has been expunged from the discussion of Hamlet.”This dissertation first examines if the entrepreneur is still absent from economics and then seeks to apply the concept of the entrepreneur to some contemporary economic discussions. Finally, I examine a concept closely associated with entrepreneurship: Philanthropy.The first and second article examine the presence of the entrepreneur and the family firm in the current economic “canon” in economics PhD programs. We find that the entrepreneur remains scarce in economics, but that some recent included works attempt to model entrepreneurship. The family firm is entirely absent from the surveyed literature.The third article examines the impact of a major Swedish educational reform that lengthened mandatory education on self-employment outcomes. I find that reform participants are less likely to operate marginal businesses.The fourth article examines income inequality in the United States in relation to entrepreneurship. Using the “Supermanager” hypothesis of Thomas Piketty as a starting point, we argue that entrepreneurs and managers in closely held firms play an important role in rising income inequality.Finally, the fifth article examines the state of Swedish philanthropy, a field usually fueled by successful entrepreneurship. We examine the productivity of philanthropic funding of research relative to other R&D funding and conclude that the main predictor of publication and patent output appears to be overall funding, not funding structure.

Place, publisher, year, edition, pages
KTH Royal Institute of Technology, 2018. p. 137
Series
TRITA-ITM-AVL ; 2018:49
Keywords
entrepreneurship, education, income distribution, philanthropy, economics
National Category
Economics
Research subject
Economics
Identifiers
urn:nbn:se:kth:diva-235382 (URN)978-91-7729-968-4 (ISBN)
Public defence
2018-10-23, F3, Lindstedtsvägen 26, Stockholm, 14:00 (English)
Opponent
Supervisors
Funder
Marianne and Marcus Wallenberg Foundation
Available from: 2018-09-25 Created: 2018-09-24 Last updated: 2018-09-26Bibliographically approved

Open Access in DiVA

No full text in DiVA

Search in DiVA

By author/editor
Malm, Arvid
By organisation
Economics
Economics

Search outside of DiVA

GoogleGoogle Scholar

urn-nbn

Altmetric score

urn-nbn
Total: 246 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf