A strategic approach for the succession process of the family firm and the role of social capital

Title: A strategic approach for the succession process of the family firm and the role of social capital
Creator: Van Beveren, John; Nabin, Munirul
Date: 2005
Type: Text; Conference paper
Identifier: http://researchonline.federation.edu.au/vital/access/HandleResolver/1959.17/53597
Identifier: vital:1617
Abstract: This paper explores relationship between family firm incumbent owners and the chosen successor. In particular, the decisions made by the incumbent to invest in the successor’s social capital and the commitment of the successor to the firm are the main focus. Game theory is used to investigate these issues to achieve optimal outcomes for the parties concerned including the firm. The main findings of this study are that commitment of the successor is important to the firm and the incumbent realising a return from the investment for the firm.; E1
Publisher: Washington DC, USA : International Council for Small Business (ICSB)
Relation: Paper presented at the 50th ICSB World Conference, Washington DC, USA : 15th - 18th June, 2005
Rights: Copyright Unknown
Rights: This metadata is freely available under a CCO license
Subject: Social capital; Business
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