Foreclosures are spatially contagious by nature (Can 1998). Abandoned or vacant properties have a negative spillover effect, by reducing the expected return on investment on surrounding properties. While there is a growing body of literature focusing on the latest wave of foreclosures in the US...

This book explores the relationship between families, firms, and regions and the extent to which these relationships contribute to regional economic and social development. Although family business participation in economic activities has been a common phenomenon since pre-industrial societies,...