PLS-Based Model Selection: The Role of Alternative Explanations in Information Systems Research

New Insights into Non-Listed Family SMEs in Spain: Board Social Capital, Board Effectiveness, and Sustainable Performance

“…To support this idea empirically, we have followed the steps explained in Sanchez-Famoso et al [87], where the authors test that nonfamily social capital has a stronger effect than family social capital on firm performance. Thus, on the one hand, from the angle of asymptotically consistent criteria (Bayesian information criterion (BIC), Hannan and Quinn's criterion (HQ), and McQuarrie and Tsai's corrected HQ criterion (HQc)) [105], the model's values for Concerning the moderating role of interlocks (fifth and sixth hypotheses), the empirical results ( Figure 4) indicate that the percentage of interlocks in the boardroom does not have a significant effect on the link between a board's internal social capital and its effectiveness (β = 0.057; p > 0.10; (−0.071;0.212)), thus failing to support hypothesis 5. However, the proportion of interlocks in the boardroom has a significant, positive effect on the link between a board's external social capital and its effectiveness (β = 0.168; p < 0.01; (0.055;0.265)).…”

“…To support this idea empirically, we have followed the steps explained in Sanchez-Famoso et al [87], where the authors test that nonfamily social capital has a stronger effect than family social capital on firm performance. Thus, on the one hand, from the angle of asymptotically consistent criteria (Bayesian information criterion (BIC), Hannan and Quinn's criterion (HQ), and McQuarrie and Tsai's corrected HQ criterion (HQc)) [105], the model's values for Regarding control variables, neither family firm size nor age have a significant impact on a company's sustainable performance. Our findings show that a board's external social capital influenced the development of sustainable family firm performance to a greater degree than internal social capital, due to its greater coefficient.…”

“…To support this idea empirically, we have followed the steps explained in Sanchez-Famoso et al [87], where the authors test that nonfamily social capital has a stronger effect than family social capital on firm performance. Thus, on the one hand, from the angle of asymptotically consistent criteria The model that produces the minimum BIC, HQ, and HQc reflects the best-fitting model [105,106]. On the other hand, we used R 2 to compare the models' changes in their values (board internal social capital model = 0.12; board external social capital model = 0.29).…”

Quantitative research in tourism and hospitality: an agenda for best-practice recommendations

“…11-Test and report the results of cross validation on a hold-out sample. 12-Provide results from at least one competitive model (Sharma et al 2019). It is an open problem what "competitive" models one should consider and how robustness of certain estimates can be established.…”

Toward a Machine Learning Predictive-Oriented Approach to Complement Explanatory Modeling. An Application for Evaluating Psychopathological Traits Based on Affective Neurosciences and Phenomenology

“…The proposed procedure identifies a well-fitting, in terms of validity and reliability of the factor structure, and a predictive yet parsimonious model among competitive ones. Indeed, parsimonious and well-fitting models exhibit higher predictive abilities and are more likely to be scientifically replicable and explainable (Sharma et al, 2019).…”