Myths and Realities: Family Businesses’ Contribution to the US Economy–A Framework for Assessing Family Business Statistics
Management & Entrepreneurship
This article presents a framework for assessing commonly accepted family business statistics, based on the criteria used to define a family business. Using existing research from multiple fields and sources, a range is extrapolated for the total number of family businesses in the US, their contribution to Gross Domestic Product (GDP) and employment.
Shanker, Melissa Carey, and Joseph H. Astrachan. "Myths and Realities: Family Businesses' Contribution to the US Economy— A Framework for Assessing Family Business Statistics." Family Business Review 9.2 (1996): 107-23. Print.