Researching Long-Term Orientation: A Validation Study and Recommendations for Future Research

Keith H. Brigham, G. T. Lumpkin, G. Tyge Payne, Miles A. Zachary

Research output: Contribution to journalArticle

73 Scopus citations

Abstract

Assumptions about the long-term orientation (LTO) of family firms are common in family business research. Drawing on prior conceptualizations, this article further develops and validates the LTO construct using content analysis techniques on two separate samples of data. Validation comes through empirical analysis of content validity, external validity, dimensionality, and concurrent validity. We find that family firms are higher than nonfamily firms on all three dimensions of LTO. We also discuss how future research can use this now-validated construct to address key questions in family business research, as well as inform the broader business literature.

Original languageEnglish (US)
Pages (from-to)72-88
Number of pages17
JournalFamily Business Review
Volume27
Issue number1
DOIs
StatePublished - Mar 1 2014

Keywords

  • family business
  • long-term orientation
  • validation study

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Finance

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