Department

Economics, Finance, & Quantitative Analysis

Document Type

Article

Publication Date

3-1-2014

Abstract

One of the most significant challenges to enduring family businesses is the process of passing the leadership of a firm from one generation to another. This article introduces game theory as a model for examining succession as a set of rational but interdependent choices made by individuals about a firm’s leadership. Its primary contribution is demonstrating the application of game theory to understanding the decisions and outcomes of succession events.

Comments

The pdf is the author's accepted version. The published Sage version can be found at http://dx.doi.org/10.1177/0894486512447811

Included in

Economics Commons

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