Latent profile analysis: a focus on applications for family firms

Xin Gao, Laura Stanley and Franz Kellermanns

Chapter 15 in Field Guide to Family Business Research, 2023, pp 200-213 from Edward Elgar Publishing

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.

Keywords: Business and Management; Economics and Finance; Research Methods (search for similar items in EconPapers)
Date: 2023
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