ترجمه مقاله نقش ضروری ارتباطات 6G با چشم انداز صنعت 4.0
- مبلغ: ۸۶,۰۰۰ تومان
ترجمه مقاله پایداری توسعه شهری، تعدیل ساختار صنعتی و کارایی کاربری زمین
- مبلغ: ۹۱,۰۰۰ تومان
ABSTRACT
Bayesian methods constitute an alternative to null hypothesis significance testing (NHST). This article briefly reviews the concept of Bayesian methods, describes their differences from NHST, and discusses the potential of Bayesian methods to advance family business research and practice. We argue that Bayesian methods are well suited to account for the significant heterogeneity that exists in the population of family firms. The article closes with a short guide to using Bayesian methods and reporting their results in the context of research on family businesses. The article’s focus is on regression models.
8. Conclusion
Bayesian methods are well suited to account for the heterogeneity that exists among family firms (Westhead & Howorth, 2007) due to its applicability in small samples, its ability to address multicollinearity problems, and the possibility to test the sensitivity of the results of an empirical analysis with the specific definition of the firm that is utilised. Thus, Bayesian methods can help family firm researchers investigate alternative definitions and outcomes associated with family firms. For these and other reasons discussed above, we believe that the time has come to make far more use of Bayesian methods in family business research.