Why are black-owned businesses less successful than white-owned businesses? The role of families, inheritances, and business human capital
Why are black-owned businesses less successful than white-owned businesses? The role of families, inheritances, and business human capital
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DOI:
10.1086/510763
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发表时间:
2007-04-01
影响因子:
3.8
通讯作者:
Robb, Alicia M.
中科院分区:
文献类型:
--
作者:
Fairlie, Robert W.;Robb, Alicia M.
Using confidential microdata from the Characteristics of Business Owners survey, we examine why African American - owned businesses lag substantially behind white-owned businesses in sales, profits, employment, and survival. Black business owners are much less likely than white owners to have had a self-employed family member owner prior to starting their business and less likely to have worked in that family member's business. Using a nonlinear decomposition technique, we find that the lack of prior work experience in a family business among black business owners, perhaps by limiting their acquisition of general and specific business human capital, negatively affects black business outcomes.