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America'S Largest Black-Owned Companies: A 30-Year Longitudinal Analysis

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  • MATTHEW C. SONFIELD

    (Department of Management, Entrepreneurship and General Business, Zarb School of Business, Weller Hall, Hofstra University, Hempstead, NY 11549-1340, USA)

Abstract

This article investigates the largest American black-owned companies over a 30-year period, from 1974 to 2004. Trends with regard to the growth and decline of industry categories and of individual companies, and with regard to these companies' survival rates, are analyzed. Comparable survival rates of small businesses in general, of minority businesses, and of large corporations are investigated. The important factors of corporate minority procurement programs and government minority set-aside programs are evaluated. The phenomenon of large American corporations acquiring some of the most successful black-owned businesses is also studied. These various factors relating to black business success and failure lead to a range of implications and recommendations for current and aspiring minority business owners, as well as to consultants to and researchers of minority business.

Suggested Citation

  • Matthew C. Sonfield, 2007. "America'S Largest Black-Owned Companies: A 30-Year Longitudinal Analysis," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 12(03), pages 323-338.
    • Handle: RePEc:wsi:jdexxx:v:12:y:2007:i:03:n:s1084946707000708
    DOI: 10.1142/S1084946707000708
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    References listed on IDEAS

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    1. David G. Blanchflower & Jon Wainwright, 2005. "An Analysis of the Impact of Affirmative Action Programs on Self-Employment in the Construction Industry," NBER Working Papers 11793, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Lois M. Shelton & Maria Minniti, 2018. "Enhancing product market access: Minority entrepreneurship, status leveraging, and preferential procurement programs," Small Business Economics, Springer, vol. 50(3), pages 481-498, March.

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