To provide a better operational definition of a family business, a scale is proposed to assess the extent and quality of family influence via the measurement of three major dimensions-- power, experience, and culture.Past research dilemmas regarding the definition of family business are...

The focus of this study iswhether reforms ofgovernance guidelines and standards proposed for publicly held corporations areappropriate for closely held, family-owned businesses. Two models of governanceare contrasted: the market model of corporate governance is common (especiallyin the U.S.,...

With a focus on small Initial Public Offerings (IPOs), this study analyzes the relationship among insider ownership, venture capitalists, and firm performance.Two hypotheses are formulated:venture capitalists are associated with better performance in small firms, and higher insider retention of...