GIFT — Global Index of Family-Firm Turnarounds v13.0
Authors/Creators
- 1. Universidade do Vale do Rio dos Sinos (UNISINOS), São Leopoldo, Brazil
Description
GIFT — Global Index of Family-Firm Turnarounds
Version 13.0 | Data freeze: 2026-02-27
Overview
The GIFT is a structured, cross-country dataset of 3,865 corporate turnaround cases spanning 74 countries, all 7 World Bank regions, and the event period 2005–2025. Each case is described by 102 variables organised into 17 thematic categories, covering firm identification, ownership structure, financial distress indicators, turnaround actions, and outcome classification.
Key Statistics
| Metric | Value |
|---|---|
| Total cases | 3,865 |
| Countries | 74 |
| World Bank regions | 7 |
| Variables per case | 102 |
| Family-owned firms | 81.8% (n = 3,163) |
| Outcome: ZOMBIE | 54.0% (n = 2,086) |
| Outcome: SURVIVAL_ATTEMPT | 40.1% (n = 1,551) |
| Outcome: DEATH | 5.9% (n = 228) |
| Confidence: HIGH | 71.0% (n = 2,744) |
| Confidence: MEDIUM | 22.2% (n = 858) |
| Evidence coverage (avg.) | 87.5% |
Collection Methodology
The dataset was constructed using SNIPER Deep Search, a novel LLM-augmented pipeline that combines trilingual web discovery (native language, English, Spanish), multi-layer information extraction across public records, court portals, PDF repositories, and niche news archives, and Bayesian confidence scoring. The pipeline implements a Medallion data-quality architecture (Bronze–Silver–Gold) with explicit promotion gates. 99.8% of cases achieved AUDITED_SILVER status or above.
Anonymisation
A four-stage anonymisation protocol was applied: (1) removal of direct identifiers (entity names, CEO names, buyer identities), (2) generalisation of quasi-identifiers (founding year, financial variables binned to ranges), (3) sanitisation of 19 evidence columns (106,377 PII redactions), and (4) k-anonymity verification and enforcement (target k ≥ 5). The protocol complies with LGPD (Lei 13.709/2018) and GDPR (Regulation (EU) 2016/679).
Files Included
GIFT_v13_Anonymized.csv— Main dataset (3,865 rows × 102 columns, anonymised)GIFT_Codebook_v13.tex— Full variable codebook (LaTeX source)GIFT_Data_Dictionary_v13.xlsx— Machine-readable data dictionarychangelog_v12_5_to_v13.txt— Version changelog (8 documented fixes)references_atlas.bib— BibTeX references (32 entries)replication_docker.zip— Docker-based replication packageanalysis_scripts.zip— Python analysis scriptsREADME.md— Dataset documentationCITATION.cff— Machine-readable citation metadataLICENSE.md— CC-BY 4.0 licence text
Citation
Tagliari, M. (2026). GIFT — Global Index of Family-Firm Turnarounds (v13.0) [Dataset]. Zenodo. https://doi.org/[TO BE ASSIGNED]
Licence
This dataset is released under the Creative Commons Attribution 4.0 International (CC-BY 4.0) licence.
Notes
Files
atlas_paper_complete.pdf
Files
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Additional details
Subjects
- Corporate Finance
- jel:G33
- Family Business
- jel:L26