Successor Selection in family firms: A game theory approach

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dc.contributor.authorBañegil Palacios, Tomás M.
dc.contributor.authorJorge, Sílvia Ferreira
dc.contributor.authorJayantilal, Shital
dc.date.accessioned2018-10-25T17:03:03Z
dc.date.available2018-10-25T17:03:03Z
dc.date.issued2018
dc.descriptionThe governance challenge of management succession is critical in the family firms. This paper provides insight on the role that the emotional factors as well as the founder’s governance approach, have on successor selection in family firms. The successor selection is studied using game theory. The paper models games for both approaches of the founder towards successor selection and then compares both. The results demonstrate that the emotional factors determine the successor outcome. The founder’s governance approach is essential to ensure firm continuity as well as secure that his preferred successor is indeed appointed successor. This is one of only few studies investigating family firm succession using game theory, and the first, to the best of our knowledge, to include the emotional factors as variables in the analysis. This paper also contributes to analytically demonstrate the importance of the founder adopting an activist approach to the succession process to ensure family firm intergenerational continuity.
dc.identifier.citationJayantilal, S., Bañegil Palacios, T. M., & Jorge, S. F. (2018). Successor Selection in family firms: A game theory approach. In Proceedings of the International Conference Corporate Governance, Ownership and Control, Sapienza University of Rome, Rome, 27 February 2018. Disponível no Repositório UPT, http://hdl.handle.net/11328/2426pt_PT
dc.identifier.urihttp://hdl.handle.net/11328/2426
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.relation.publisherversionhttps://virtusgccg.org/IMG/pdf/proceedings_rome_2018.pdf
dc.rightsopen accesspt_PT
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectEmotionspt_PT
dc.subjectConflictpt_PT
dc.subjectEmotional valuept_PT
dc.subjectFamily businesspt_PT
dc.subjectSuccessionpt_PT
dc.subjectGovernancept_PT
dc.subjectGame theorypt_PT
dc.titleSuccessor Selection in family firms: A game theory approachpt_PT
dc.typeconferenceObjectpt_PT
degois.publication.locationRome, Italypt_PT
degois.publication.titleInternational Conference “Corporate Governance, Ownership and Control”pt_PT
dspace.entity.typePublicationen
person.familyNameJayantilal
person.givenNameShital
person.identifier.ciencia-idD71E-5F7D-847C
person.identifier.orcid0000-0002-3355-876X
person.identifier.ridL-9367-2017
person.identifier.scopus-author-id57194408301
relation.isAuthorOfPublicatione0d7662b-bb5f-45f7-80ad-19b5520a63cd
relation.isAuthorOfPublication.latestForDiscoverye0d7662b-bb5f-45f7-80ad-19b5520a63cd

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