It is well documented that women entrepreneurs add exponential growth to the economic well-being of countries. The impact of family moral support on Turkish women entrepreneurs’ is examined including major challenges (i.e. personal problems and recognition of poor managerial skills and...

We explain why family‐centered noneconomic goals and bounded rationality decrease the willingness and ability of small‐ and medium‐sized family firms to hire and provide competitive compensation to nonfamily managers even in a labor market composed of stewards rather than agents....