Thursday, 31 May 2012

The Landscape of Family Business Outcomes: …

A Summary and Numerical Taxonomy of Dependent Variables

 an article by Andy Yu (University of Wisconsin–Whitewater, WI, USA), G. T. Lumpkin (Syracuse University, Syracuse, NY, USA), Ritch L. Sorenson (University of St. Thomas, Minneapolis, MN, USA) and Keith H. Brigham (Texas Tech University, Lubbock, TX, USA) published in Family Business Review Volume 25 Number 1 (March 2012)


To promote theoretical development in family business research, this research identified 327 dependent/outcome variables used in 257 empirical family business studies in 1998-2009.

In four studies, the authors categorized outcome variables, developed a numerical taxonomy with seven clusters (performance, strategy, social and economic impact, governance, succession, family business roles, and family dynamics) plotted along two dimensions (business–family and short-term–long-term), validated their research, and identified missing outcome variables and variables that deserve more attention.

Experts agree that family business roles, succession, and family dynamics make the family business domain unique and that noneconomic performance and family-specific topics deserve more attention.

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