The Landscape of Family Business Outcomes: A Summary and Numerical Taxonomy of Dependent Variables

Andy Yu, G. T. Lumpkin, Ritch L. Sorenson, Keith H. Brigham

Research output: Contribution to journalArticle

147 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)33-57
Number of pages25
JournalFamily Business Review
Volume25
Issue number1
DOIs
StatePublished - Mar 2012

Keywords

  • classification
  • cluster analysis
  • family business discipline
  • modified Delphi technique
  • multidimensional scaling

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Finance

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