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Exit Preferences in Family Businesses

2008· book-chapter· en· W4416871488 on OpenAlexaboutno aff
Soo‐Hoon Lee, John E. Butler, Börje O. Saxberg

Bibliographic record

Venuenot available
Typebook-chapter
Languageen
FieldBusiness, Management and Accounting
TopicFamily Business Performance and Succession
Canadian institutionsnot available
Fundersnot available
KeywordsFamily businessClosing (real estate)Sample (material)Initial public offeringEcological successionFamily memberSuccession planning

Abstract

fetched live from OpenAlex

This research tests a model that links stakeholder focus and the business strategy of family businesses with exit preferences. Using a mail questionnaire, data was collected from a sample of 437 firms in Hong Kong, Singapore, the United States, and Canada. After controlling for differences in the size of the firm, age of the firm, and institutional contexts of 4 countries, the results indicated that in family businesses, the incumbent chief executive officers’ (CEOs) exit preferences are guided by having a family focus as well as a low-cost strategy. Among the exit preferences favored by CEOs of family businesses, succession by a family member was most preferred, followed by succession by an outsider, and lastly an initial public offering (IPO) with minority shareholding. There were no statistically significant drivers to family business CEOs preferring to exit by selling the business completely, through an IPO with majority holding in the business, or closing the business.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.006
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Other · Consensus signal: none
Teacher disagreement score0.005
Threshold uncertainty score0.016

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0010.006
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.000
Science and technology studies0.0010.001
Scholarly communication0.0010.001
Open science0.0000.001
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0050.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.045
GPT teacher head0.219
Teacher spread0.174 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designNot applicable
Domainnot available
GenreOther

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2008
Admission routes1
Has abstractyes

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