Latent Profile Analysis: Understanding Family Firm Profiles
Journal
Family business review
ISSN
0894-4865
ISSN-Digital
1741-6248
Type
journal article
Date Issued
2017
Author(s)
Abstract
We demonstrate how Latent Profile Analysis (LPA) can be applied to generate profiles (i.e., homogenous subgroups) in a sample of family firms. In doing so, we highlight how LPA can provide additional insight into family firm phenomena when used in conjunction with other methodological approaches (i.e. regression). We compare LPA to other techniques (i.e., cluster analysis and qualitative comparative analysis) and show LPA’s superior ability to capture complex patterns of important family firm characteristics. We demonstrate how profiles can be linked to differences in dependent variables, providing family firm scholars with a tool to assess heterogeneity and its consequences among family firms.
Language
English
Keywords
family business heterogeneity
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Sage
Publisher place
Thousand Oaks, Calif. [u.a.]
Volume
30
Number
1
Start page
84
End page
102
Subject(s)
Eprints ID
249376