Effects of sibling competition on family firm succession: A game theory approach

Jayantilal, Shital; Jorge, Sílvia Ferreira; Palacios, Tomás Manuel Bañegil

doi:10.1016/j.jfbs.2016.10.001

Cited by 38 publications

(45 citation statements)

References 32 publications

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“…To address the issue of conflict resolution styles, the family business literature (Sorenson, 1999; Trippe & Baumoel, 2015; Yan & Sorenson, 2004) has mainly employed the two-dimensional conflict resolution model (Thomas-Kilmann model, dual-concern model), which considers five styles: competition, collaboration, compromise, accommodation, and avoidance. Some authors used the simplified cooperative/competitive conflict management perspective (De Clercq & Belausteguigoitia, 2015; Marshall et al, 2006) or focused on one dimension only, such as collaboration (Jayantilal et al, 2016; Sorenson et al, 2009).…”

Section: Findings On Intrafamily Conflict In Family Firms: the Input–mentioning

confidence: 99%

“…Three theory-building articles introduced succession as an important family outcome associated with conflicts and presented means to increase the success thereof (Ibrahim et al, 2001; Jayantilal et al, 2016; Joshi et al, 2018). However, to our knowledge, no related quantitative studies have been published.…”

Section: Findings On Intrafamily Conflict In Family Firms: the Input–mentioning

confidence: 99%

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Intrafamily Conflicts in Family Businesses: A Systematic Review of the Literature and Agenda for Future Research

Kubíček

Machek

2020

Family Business Review

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Through a systematic literature review, we assess the current state of research on intrafamily conflicts in family firms, systematize the findings, and outline avenues for future research. Based on a review of 88 studies, we develop an input–process–output framework to synthesize input, process, output, and context variables and identify research gaps. The review contributes to the family business literature by bridging the family business and intragroup conflict literature, considering multiple levels of analysis (the individual, family, and firm), and presenting relevant research questions.

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Section: Findings On Intrafamily Conflict In Family Firms: the Input–mentioning

confidence: 99%

Section: Findings On Intrafamily Conflict In Family Firms: the Input–mentioning

confidence: 99%

Intrafamily Conflicts in Family Businesses: A Systematic Review of the Literature and Agenda for Future Research

Kubíček

Machek

2020

Family Business Review

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“…Studies of relationships among family members focus either on conflict or on constructs that describe positive family relationships, such as cohesion, climate, and strength of family ties. Conflict is often perceived negatively: Jayantilal et al (2016), for example, use game theory to argue that conflict due to competition among the business family’s children for being named successor creates emotional costs that lower each child’s probability of being appointed, even for the preferred candidate. Other studies, however, suggest that the negative impact of conflict depends on the type of conflict, who is involved, and how it is managed.…”

Section: Research On Business Familiesmentioning

confidence: 99%

What Do We Know About Business Families? Setting the Stage for Leveraging Family Science Theories

Combs

Shanine

Burrows

et al. 2019

Family Business Review

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Researchers recently pointed to family science as one avenue for better understanding business families. We submit, however, that leveraging family science will require building on what researchers have already learned, often without the benefit of family science theories. Thus, we review progress from studies that investigate links between business family attributes and family firms and integrate our review with descriptions of family science theories that pertain to each attribute. By pairing what is known about different business family attributes with the appropriate family science theories, our hope is to accelerate efforts to understand the myriad ways business families shape family businesses.

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“…The complexity of information exchange increases with the number of people involved (Schell et al, 2018). In addition, it can be assumed that conflicts between siblings may still be stirred up (Jayantilal et al, 2016). This condition gives indications that a consciousness, for example, via the signaling game, can be useful in structuring the succession process and minimizing complexity.…”

Section: Discussion and Contributionsmentioning

confidence: 99%

Information asymmetries in intrafamily business succession

Wolff

Schell

Moog

2020

BRQ Business Research Quarterly

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The often long-lasting process of intrafamily business succession involves contracts for management and ownership transfer that unfold in a complex series of stages. The older and larger a family business, the more heterogeneous the involved family members’ interactions and interests can become. These differences become obvious in the succession process. Also, in entrepreneurial families, information is not easy to obtain and is neither perfect nor unlimited, for example, with regard to expectations regarding the duration or the type of business succession. Information asymmetries can arise. This article investigates the drivers of information asymmetries and provides insight into the current research by investigating information asymmetries and their impact during different phases of intrafamily business succession. Data from 215 German firms reveal the occurrence of specific information asymmetries during different phases of intrafamily business succession. JEL CLASSIFICATION M1; M59; D82; L2

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Effects of sibling competition on family firm succession: A game theory approach

Cited by 38 publications

References 32 publications

Intrafamily Conflicts in Family Businesses: A Systematic Review of the Literature and Agenda for Future Research

Intrafamily Conflicts in Family Businesses: A Systematic Review of the Literature and Agenda for Future Research

What Do We Know About Business Families? Setting the Stage for Leveraging Family Science Theories

Information asymmetries in intrafamily business succession

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