Family owned businesses have competitiveadvantage over nonfamily firms; as a group they outperform the Standard &Poors 500. No clear and cohesive theory provides a structure for analysis ofthe family firm's performance and capabilities. This study attempts to providean explanation by introducing...

This paper seeks to add to the literature on regional factors that drive development of new ventures. In particular, it investigates the effects of business climate, foreign population and unemployment on new venture creation. Using state level data from the time period 2003–2007, we find that...

Although it has been long asserted that family businesses hold advantages over nonfamily businesses, to date, there have been very few theories developed as to exactly why family businesses hold competitive advantages over nonfamily businesses. This article introduces the concept of family...

No abstract received.