IDEAS home Printed from https://ideas.repec.org/a/wsi/jdexxx/v21y2016i01ns1084946716500072.html
   My bibliography  Save this article

America’S Largest Black-Owned Companies: A 40-Year Longitudinal Analysis

Author

Listed:
  • MATTHEW C. SONFIELD

    (229 Weller Hall, Zarb School of Business, Hofstra University, Hempstead, NY 11549-1340, USA)

Abstract

This longitudinal analysis of the largest black-owned businesses in the United States covers the period from 1974 through 2014, a time-span of forty years, and is a follow-up to an earlier inquiry published ten years ago in the Journal of Developmental Entrepreneurship. This current study focuses on similarities and differences from the earlier analysis. This investigation probes the overall evolution of these companies, as well as various trends, patterns and other characteristics within the general data of both growth and decline; and provides data, information, analysis and resultant conclusions and implications, which should be both of interest and of value to: (a) black and other minority active and aspiring businesspeople, (b) researchers in the area of minority business, (c) consultants and advisors to such businesses and (d) those involved in related business development policy.

Suggested Citation

  • Matthew C. Sonfield, 2016. "America’S Largest Black-Owned Companies: A 40-Year Longitudinal Analysis," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 1-19, March.
    • Handle: RePEc:wsi:jdexxx:v:21:y:2016:i:01:n:s1084946716500072
    DOI: 10.1142/S1084946716500072
    as

    Download full text from publisher

    File URL: http://www.worldscientific.com/doi/abs/10.1142/S1084946716500072
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1142/S1084946716500072?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. William B. Walstad & Marilyn L. Kourilsky, 1998. "Entrepreneurial Attitudes and Knowledge of Black Youth," Entrepreneurship Theory and Practice, , vol. 23(2), pages 5-18, December.
    2. Robert W. Fairlie & Bruce D. Meyer, 1996. "Ethnic and Racial Self-Employment Differences and Possible Explanations," Journal of Human Resources, University of Wisconsin Press, vol. 31(4), pages 757-793.
    3. Fairlie, Robert W, 1999. "The Absence of the African-American Owned Business: An Analysis of the Dynamics of Self-Employment," Journal of Labor Economics, University of Chicago Press, vol. 17(1), pages 80-108, January.
    4. Robert W. Fairlie & Alicia M. Robb, 2007. "Why Are Black-Owned Businesses Less Successful than White-Owned Businesses? The Role of Families, Inheritances, and Business Human Capital," Journal of Labor Economics, University of Chicago Press, vol. 25(2), pages 289-323.
    5. Matthew C. Sonfield, 2005. "A new US definition of ‘Minority Business’: lessons from the first four years," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 17(3), pages 223-235, May.
    6. Garvin, W J, 1971. "The Small Business Capital Gap: The Special Case of Minority Enterprise," Journal of Finance, American Finance Association, vol. 26(2), pages 445-457, May.
    7. Douglas Holtz-Eakin & Harvey S. Rosen (ed.), 2004. "Public Policy and the Economics of Entrepreneurship," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262083299, December.
    8. Faith Ando, 1988. "Capital issues and the minority-owned business," The Review of Black Political Economy, Springer;National Economic Association, vol. 16(4), pages 77-109, March.
    9. Matthew Sonfield, 1993. "Progress and success in the development of black-owned franchise units," The Review of Black Political Economy, Springer;National Economic Association, vol. 22(2), pages 73-87, December.
    10. Bruce D. Meyer, 1990. "Why Are There So Few Black Entrepreneurs?," NBER Working Papers 3537, National Bureau of Economic Research, Inc.
    11. Robert Fairlie & Justin Marion, 2012. "Affirmative action programs and business ownership among minorities and women," Small Business Economics, Springer, vol. 39(2), pages 319-339, September.
    12. Robert W. Fairlie & Bruce D. Meyer, 2000. "Trends in Self-Employment among White and Black Men during the Twentieth Century," Journal of Human Resources, University of Wisconsin Press, vol. 35(4), pages 643-669.
    13. Andrew Brimmer, 1998. "Long-term trends and prospects for black-owned businesses," The Review of Black Political Economy, Springer;National Economic Association, vol. 26(1), pages 19-36, September.
    14. Oecd, 2002. "Access for Business," OECD Digital Economy Papers 67, OECD Publishing.
    15. William Bradford & Timothy Bates, 1975. "An evaluation of alternative strategies for expanding the number of black-owned businesses," The Review of Black Political Economy, Springer;National Economic Association, vol. 5(4), pages 376-385, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robert W. Fairlie & Alicia M. Robb, 2008. "Race and Entrepreneurial Success: Black-, Asian-, and White-Owned Businesses in the United States," MIT Press Books, The MIT Press, edition 1, volume 1, number 026206281x, December.
    2. Aaron K. Chatterji & Kenneth Y. Chay & Robert W. Fairlie, 2014. "The Impact of City Contracting Set-Asides on Black Self-Employment and Employment," Journal of Labor Economics, University of Chicago Press, vol. 32(3), pages 507-561.
    3. P. Köllinger & M. Minniti, 2006. "Not for Lack of Trying: American Entrepreneurship in Black and White," Small Business Economics, Springer, vol. 27(1), pages 59-79, August.
    4. Fairchild, Gregory B., 2008. "Residential segregation influences on the likelihood of black and white self-employment," Journal of Business Venturing, Elsevier, vol. 23(1), pages 46-74, January.
    5. Uwaifo Oyelere, Ruth & Belton, Willie, 2009. "Coming to America: Does Immigrant's Home Country Economic Status Impact the Probability of Self-Employment in the U.S.?," IZA Discussion Papers 4178, Institute of Labor Economics (IZA).
    6. Ruth Oyelere & Willie Belton, 2013. "Black–White gap in self-employment. Does intra-race heterogeneity exist?," Small Business Economics, Springer, vol. 41(1), pages 25-39, June.
    7. Fairlie Robert & Woodruff Christopher M., 2010. "Mexican-American Entrepreneurship," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-44, February.
    8. Nadia Simoes & Nuno Crespo & Sandrina B. Moreira, 2016. "Individual Determinants Of Self-Employment Entry: What Do We Really Know?," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 783-806, September.
    9. Fairchild, Gregory B., 2010. "Intergenerational ethnic enclave influences on the likelihood of being self-employed," Journal of Business Venturing, Elsevier, vol. 25(3), pages 290-304, May.
    10. Uwaifo Oyelere, Ruth & Belton, Willie, 2008. "The Role of Information and Institutions in Understanding the Black-White Gap in Self-Employment," IZA Discussion Papers 3761, Institute of Labor Economics (IZA).
    11. Michael Hout & Harvey Rosen, 2000. "Self-Employment, Family Background, and Race," Journal of Human Resources, University of Wisconsin Press, vol. 35(4), pages 670-692.
    12. Robert Singh & Micah Crump, 2007. "Educational Attainment: A Key Factor for Improving the Lagging Rate of Black Entrepreneurship," The Review of Black Political Economy, Springer;National Economic Association, vol. 34(3), pages 217-229, December.
    13. Michaelides, Marios, 2010. "Race and self-employment: The role of training programs, self-employment background, and access to financing," MPRA Paper 20884, University Library of Munich, Germany.
    14. Aldén, Lina & Bastani, Spencer & Hammarstedt, Mats & Miao, Chizheng, 2020. "Ethnic Differences in Long-Term Self-Employment," Working Paper Series 1361, Research Institute of Industrial Economics.
    15. Elert, Niklas & Lundin, Erik, 2020. "Gender and Climate Action," Working Paper Series 1332, Research Institute of Industrial Economics, revised 18 Feb 2022.
    16. Ahmed, Ali & Hammarstedt, Mats, 2018. "Customer Discrimination in the Fast Food Market? Experimental Evidence from a Swedish University Campus," Working Paper Series 1232, Research Institute of Industrial Economics.
    17. Robert W. Fairlie, 2013. "Entrepreneurship, Economic Conditions, and the Great Recession," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 22(2), pages 207-231, June.
    18. Magnus Lofstrom & Timothy Bates, 2013. "African Americans’ pursuit of self-employment," Small Business Economics, Springer, vol. 40(1), pages 73-86, January.
    19. Robert W. Fairlie & Alicia Robb, 2007. "Families, Human Capital, and Small Business: Evidence from the Characteristics of Business Owners Survey," ILR Review, Cornell University, ILR School, vol. 60(2), pages 225-245, January.
    20. M. Thomas, 2009. "The impact of education histories on the decision to become self-employed: a study of young, aspiring, minority business owners," Small Business Economics, Springer, vol. 33(4), pages 455-466, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wsi:jdexxx:v:21:y:2016:i:01:n:s1084946716500072. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tai Tone Lim (email available below). General contact details of provider: http://www.worldscinet.com/jde/jde.shtml .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.