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Latent profile analysis: a focus on applications for family firms

In: Field Guide to Family Business Research

Author

Listed:
  • Xin Gao
  • Laura Stanley
  • Franz W. Kellermanns

Abstract

This chapter describes the methodological approach of latent profile analysis (LPA). LPA can be used to generate homogenous groups out of a sample (generally 250 or more) utilizing three or more variables and to capture complexities not easily interpreted using other methodological applications. After providing a general overview, we show how applying LPA to various family firm research questions can generate insight beyond traditional methods. We stress LPA as a useful tool in the family firm research arsenal, particularly as a contributor to the growing research stream of family firm heterogeneity. A sample syntax for MPlus is provided.

Suggested Citation

  • Xin Gao & Laura Stanley & Franz W. Kellermanns, 2023. "Latent profile analysis: a focus on applications for family firms," Chapters, in: Keith H. Brigham & G. T. Payne (ed.), Field Guide to Family Business Research, chapter 15, pages 200-213, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:20610_15
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    File URL: https://www.elgaronline.com/doi/10.4337/9781800884144.00022
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