Founders’ approach on successor selection: Game theory analysis

Detalhes bibliográficos
Autor(a) principal: Jayantilal, Shital
Data de Publicação: 2016
Outros Autores: Jorge, Sílvia Ferreira, Bañegil Palacios, Tomás M.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/11328/1746
Resumo: Family firms are vital in economies worldwide. However, only a small minority of these outlive their founders. The founder’s lack of a proactive approach towards the succession process has been pointed out as a key contributor to that reality. This paper employs game theory to study the impact of the founder’s approach on successor selection in family firms. The results obtained for a founder who adopts an activist approach and invites his preferred successor are compared to those where the founder just reacts to his children initiating the succession race. The findings provide analytical evidence of the importance of the founder being proactive to safeguard intergenerational continuity as well as increase the propensity of his/her preferred successor being appointed.
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spelling Founders’ approach on successor selection: Game theory analysisFamily firmsSuccessionFoundersFamily firms are vital in economies worldwide. However, only a small minority of these outlive their founders. The founder’s lack of a proactive approach towards the succession process has been pointed out as a key contributor to that reality. This paper employs game theory to study the impact of the founder’s approach on successor selection in family firms. The results obtained for a founder who adopts an activist approach and invites his preferred successor are compared to those where the founder just reacts to his children initiating the succession race. The findings provide analytical evidence of the importance of the founder being proactive to safeguard intergenerational continuity as well as increase the propensity of his/her preferred successor being appointed.2017-02-09T11:59:35Z2018-12-31T00:00:00Z2016-01-01T00:00:00Z2016info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/11328/1746engJayantilal, ShitalJorge, Sílvia FerreiraBañegil Palacios, Tomás M.info:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-06-15T02:10:01ZPortal AgregadorONG
dc.title.none.fl_str_mv Founders’ approach on successor selection: Game theory analysis
title Founders’ approach on successor selection: Game theory analysis
spellingShingle Founders’ approach on successor selection: Game theory analysis
Jayantilal, Shital
Family firms
Succession
Founders
title_short Founders’ approach on successor selection: Game theory analysis
title_full Founders’ approach on successor selection: Game theory analysis
title_fullStr Founders’ approach on successor selection: Game theory analysis
title_full_unstemmed Founders’ approach on successor selection: Game theory analysis
title_sort Founders’ approach on successor selection: Game theory analysis
author Jayantilal, Shital
author_facet Jayantilal, Shital
Jorge, Sílvia Ferreira
Bañegil Palacios, Tomás M.
author_role author
author2 Jorge, Sílvia Ferreira
Bañegil Palacios, Tomás M.
author2_role author
author
dc.contributor.author.fl_str_mv Jayantilal, Shital
Jorge, Sílvia Ferreira
Bañegil Palacios, Tomás M.
dc.subject.por.fl_str_mv Family firms
Succession
Founders
topic Family firms
Succession
Founders
description Family firms are vital in economies worldwide. However, only a small minority of these outlive their founders. The founder’s lack of a proactive approach towards the succession process has been pointed out as a key contributor to that reality. This paper employs game theory to study the impact of the founder’s approach on successor selection in family firms. The results obtained for a founder who adopts an activist approach and invites his preferred successor are compared to those where the founder just reacts to his children initiating the succession race. The findings provide analytical evidence of the importance of the founder being proactive to safeguard intergenerational continuity as well as increase the propensity of his/her preferred successor being appointed.
publishDate 2016
dc.date.none.fl_str_mv 2016-01-01T00:00:00Z
2016
2017-02-09T11:59:35Z
2018-12-31T00:00:00Z
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dc.language.iso.fl_str_mv eng
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