Bayesian methods constitute an alternative to null hypothesis significance testing (NHST). This article briefly reviews the concept of Bayesian methods, describes its differences with NHST, and discusses the potential of Bayesian methods to advance family business research and practice. We argue...

We employ agency theory to argue that the effects of family (and founder) ownership vs. management will be quite different: the former is expected to contribute positively to performance, the latter is argued to erode performance. Previous studies, due to problems of multicollinearity have been...

Various factors have been identified as determinants of entrepreneurial behavior in firms, including leader personality, organizational structure, and strategy-making. The author argues that the manner and extent that entrepreneurship is influenced by these factors depends on the nature of the...

Firm differences can reflect resources andcapabilities that can generate competitive advantages. This analysis examineshow successful family-controlled businesses (FCBs) differ from non-FCBs andless successful FCBs. It seeks to understand competitive advantage andperformance in family-controlled...

Prior research has analyzed R&D spending in family and founder firms. Yet, little is known about the economic and technological importance of innovations in these types of firms. Using patent citation data, we show that founder-managed firms, which we argue favor an entrepre-neurial orientation,...