The growth performance of top African American businesses

Purpose - The purpose of this paper is to gain an understanding of the growth performance of top African American-owned employer firms when compared with their White counterparts.Design methodology approach - The paper uses longitudinal, revenue data from a sample of the largest African American-own...

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Bibliographic Details
Published in:Management decision 2013-02, Vol.51 (1), p.163-172
Main Authors: Smith, Delmonize A, Tang, Zhi
Format: Article
Language:English
Subjects:
African Americans
Black owned businesses
Competition
Competitive advantage
Economic development
Entrepreneurs
Minority & ethnic groups
Minority owned businesses
Minority set aside programs
Product differentiation
Startups
Studies
Volatility
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Summary:Purpose - The purpose of this paper is to gain an understanding of the growth performance of top African American-owned employer firms when compared with their White counterparts.Design methodology approach - The paper uses longitudinal, revenue data from a sample of the largest African American-owned employer firms in the USA with that of a comparable sample of White-owned firms.Findings - The paper finds that complex and volatile industry environments have a significantly greater negative impact on African American businesses than their White-owned counterparts.Social implications - The complexity and volatility associated with one of the most difficult US business environments since the 1940s may increase the performance disparity between established African American and White-owned firms. On a macroeconomic level, such a performance disparity will have significant negative impact on US economy output and job creation, particularly as the number of new minority businesses continues to outpace the rate of all US business.Originality value - This is the only published research to date, which examines the growth of top African American businesses.
ISSN:0025-1747
1758-6070
DOI:10.1108/00251741311291364