Table 3 Overview of alternative... | Emerald Publishing

Table 3

Overview of alternative clustering solutions and their relationship to the five-cluster model

Model	No. of clusters	Main configuration pattern	Relation to 5-cluster solution	Silhouette score
Two-step (final)	5	Five distinct governance configurations	Baseline solution	∼0.50
Alternative	2	Family-dominated vs. mature/balanced FFs	Aggregation of clusters	∼0.30
Alternative	3	Separation by ownership and management dominance	Partial aggregation	∼0.40
Alternative	4	Similar to baseline, one cluster merged	Near-baseline	∼0.40
Alternative	6	Fine-grained subvariants	Over-fragmentation	∼0.50

Model	No. of clusters	Main configuration pattern	Relation to 5-cluster solution	Silhouette score
Two-step (final)	5	Five distinct governance configurations	Baseline solution	∼0.50
Alternative	2	Family-dominated vs. mature/balanced FFs	Aggregation of clusters	∼0.30
Alternative	3	Separation by ownership and management dominance	Partial aggregation	∼0.40
Alternative	4	Similar to baseline, one cluster merged	Near-baseline	∼0.40
Alternative	6	Fine-grained subvariants	Over-fragmentation	∼0.50

Source(s): Authors’ own work