Scandinavian Working Papers in Economics

Ratio Working Papers,
The Ratio Institute

No 145: Family Business, Employment, and GDP

Dan Johansson (), Hans Sjögren () and Carl Magnus Bjuggren ()
Additional contact information
Dan Johansson: The Ratio Institute, Postal: The Ratio Institute, P.O. Box 3203 , SE-103 64 STOCKHOLM, Sweden
Hans Sjögren: Department of Management and Engineering, Linköping University, Postal: Department of Management and Engineering, Linköping University, SE-581 83 Linköping, Sweden
Carl Magnus Bjuggren: Department of Management and Engineering, Linköping University, Postal: Department of Management and Engineering, Linköping University, SE-581 83 Linköping, Sweden

Abstract: We analyze the proportion of family business and its contribution to employment and gross domestic product (GDP). Our analysis adds to the literature by including all listed firms and by investigating a longer period than has heretofore been reported. The main contribution is to extend the analysis to include all firms in the economy using census data. Our study is devoted to the case of Sweden. Family business makes up half of the listed firms, and three quarters of all firms, accounting for one-fourth of total employment, and one-fifth of GDP. Their importance has increased during the period studied.

Keywords: Family Firms; Employment; GDP; Sweden; Ownership

JEL-codes: L11; L25; L26

25 pages, November 17, 2009

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