First mover advantage on family firm succession
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/11328/2760 |
Resumo: | In spite of the proliferation of studies in various areas regarding the benefit of being first, the first mover advantage (FMA), in the context of family firms the work is (at best) scant. Adding to this, the impact that such firms have on the world economic stage it becomes both an interesting and a necessary research avenue. To study FMA in these firms, we will focus on one of the most critical stages in the lives of such firm: succession. As most of family firms do not outlive their founders, the passage of the executive power to the next generation is a crucial test that these firms face. It is not uncommon during this stage to see siblings rival to be nominated successor. This paper advances the succession game presented by Jayantilal et al. (2016), to study whether there is any advantage for the child who moves first in the succession race. The results indicate that indeed the first mover advantage exists, and that the emotional cost of conflict plays an important role in determining it. |
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First mover advantage on family firm successionFirst mover advantageFMASibling rivalryFamily firmSuccessionGame theoryIn spite of the proliferation of studies in various areas regarding the benefit of being first, the first mover advantage (FMA), in the context of family firms the work is (at best) scant. Adding to this, the impact that such firms have on the world economic stage it becomes both an interesting and a necessary research avenue. To study FMA in these firms, we will focus on one of the most critical stages in the lives of such firm: succession. As most of family firms do not outlive their founders, the passage of the executive power to the next generation is a crucial test that these firms face. It is not uncommon during this stage to see siblings rival to be nominated successor. This paper advances the succession game presented by Jayantilal et al. (2016), to study whether there is any advantage for the child who moves first in the succession race. The results indicate that indeed the first mover advantage exists, and that the emotional cost of conflict plays an important role in determining it.2019-07-04T15:16:22Z2019-07-042019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfJayantilal, S., S. F., & Jorge, Bañegil Palacios, T. M. (2019). First mover advantage on family firm succession. International Journal Applied Management Science, 11(3), 243-254. Disponível no Repositório UPT, http://hdl.handle.net/11328/2760http://hdl.handle.net/11328/2760Jayantilal, S., S. F., & Jorge, Bañegil Palacios, T. M. (2019). First mover advantage on family firm succession. International Journal Applied Management Science, 11(3), 243-254. Disponível no Repositório UPT, http://hdl.handle.net/11328/2760http://hdl.handle.net/11328/2760eng1755-8921http://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/embargoedAccessJayantilal, ShitalJorge, Sílvia FerreiraBañegil Palacios, Tomás M.Jayantilal, Shitalreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-14T07:13:42Zoai:repositorio.upt.pt:11328/2760Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:42:04.216037Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
First mover advantage on family firm succession |
title |
First mover advantage on family firm succession |
spellingShingle |
First mover advantage on family firm succession Jayantilal, Shital First mover advantage FMA Sibling rivalry Family firm Succession Game theory |
title_short |
First mover advantage on family firm succession |
title_full |
First mover advantage on family firm succession |
title_fullStr |
First mover advantage on family firm succession |
title_full_unstemmed |
First mover advantage on family firm succession |
title_sort |
First mover advantage on family firm succession |
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. Jayantilal, Shital |
dc.subject.por.fl_str_mv |
First mover advantage FMA Sibling rivalry Family firm Succession Game theory |
topic |
First mover advantage FMA Sibling rivalry Family firm Succession Game theory |
description |
In spite of the proliferation of studies in various areas regarding the benefit of being first, the first mover advantage (FMA), in the context of family firms the work is (at best) scant. Adding to this, the impact that such firms have on the world economic stage it becomes both an interesting and a necessary research avenue. To study FMA in these firms, we will focus on one of the most critical stages in the lives of such firm: succession. As most of family firms do not outlive their founders, the passage of the executive power to the next generation is a crucial test that these firms face. It is not uncommon during this stage to see siblings rival to be nominated successor. This paper advances the succession game presented by Jayantilal et al. (2016), to study whether there is any advantage for the child who moves first in the succession race. The results indicate that indeed the first mover advantage exists, and that the emotional cost of conflict plays an important role in determining it. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019-07-04T15:16:22Z 2019-07-04 2019-01-01T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
Jayantilal, S., S. F., & Jorge, Bañegil Palacios, T. M. (2019). First mover advantage on family firm succession. International Journal Applied Management Science, 11(3), 243-254. Disponível no Repositório UPT, http://hdl.handle.net/11328/2760 http://hdl.handle.net/11328/2760 Jayantilal, S., S. F., & Jorge, Bañegil Palacios, T. M. (2019). First mover advantage on family firm succession. International Journal Applied Management Science, 11(3), 243-254. Disponível no Repositório UPT, http://hdl.handle.net/11328/2760 http://hdl.handle.net/11328/2760 |
identifier_str_mv |
Jayantilal, S., S. F., & Jorge, Bañegil Palacios, T. M. (2019). First mover advantage on family firm succession. International Journal Applied Management Science, 11(3), 243-254. Disponível no Repositório UPT, http://hdl.handle.net/11328/2760 |
url |
http://hdl.handle.net/11328/2760 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1755-8921 |
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http://creativecommons.org/licenses/by/4.0/ info:eu-repo/semantics/embargoedAccess |
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http://creativecommons.org/licenses/by/4.0/ |
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embargoedAccess |
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application/pdf |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134986011410432 |