Governance in family firms: How to ensure continuity

Bibliographic Details
Main Author: Jayantitlal, Shital
Publication Date: 2023
Other Authors: Jorge, Sílvia F., Alcarva, Paulo, Jayantilal, Shital
Language: eng
Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
Download full: https://hdl.handle.net/11328/5238
Summary: Family firms play a key role in the world economy, yet their success is often plagued by family-related issues and conflict. Succession is one of the most critical hurdles they face. The purpose of this paper is to illustrate how specific governance instruments, such as the family protocol, can aid mitigate the conflicts by establishing a set of guidelines and procedures to aid govern the operation, management and continuity of family firms. To study the underlying strategic decision making process of the multiple stakeholders involved, this paper resorts to game theory. The results will provide valuable determinants of the family protocol which may aid smooth managerial transfer in the family firm and uphold harmony in the family setting.
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spelling Governance in family firms: How to ensure continuityConflictFamily firmsSucessionGame TheoryCorporate governanceFamily firms play a key role in the world economy, yet their success is often plagued by family-related issues and conflict. Succession is one of the most critical hurdles they face. The purpose of this paper is to illustrate how specific governance instruments, such as the family protocol, can aid mitigate the conflicts by establishing a set of guidelines and procedures to aid govern the operation, management and continuity of family firms. To study the underlying strategic decision making process of the multiple stakeholders involved, this paper resorts to game theory. The results will provide valuable determinants of the family protocol which may aid smooth managerial transfer in the family firm and uphold harmony in the family setting.Academic Conferences International2023-11-28T10:41:59Z2023-11-282023-11-13T00:00:00Zconference paperinfo:eu-repo/semantics/publishedVersionapplication/pdfJayantitlal, S., Jorge, S. F., & Alcarva, P. (2023). Governance in family firms: How to ensure continuity. In M. Rich (Ed.), Proceedings of the 19th European Conference on Management Leadership and Governance, University of London, UK, 23-24 november 2023, 19(1), (pp. 164-170). Academic Conferences International. https://doi.org/10.34190/ecmlg.19.1.1668. Repositório Institucional UPT. https://hdl.handle.net/11328/5238https://hdl.handle.net/11328/5238Jayantitlal, S., Jorge, S. F., & Alcarva, P. (2023). Governance in family firms: How to ensure continuity. In M. Rich (Ed.), Proceedings of the 19th European Conference on Management Leadership and Governance, University of London, UK, 23-24 november 2023, 19(1), (pp. 164-170). Academic Conferences International. https://doi.org/10.34190/ecmlg.19.1.1668. Repositório Institucional UPT. https://hdl.handle.net/11328/5238https://hdl.handle.net/11328/5238eng978-1-914587-93-1978-1-914587-92-42048-903X2048-9021https://doi.org/10.34190/ecmlg.19.1.1668http://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessJayantitlal, ShitalJorge, Sílvia F.Alcarva, PauloJayantilal, Shitalreponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiainstacron:RCAAP2025-05-08T02:02:07Zoai:repositorio.upt.pt:11328/5238Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireinfo@rcaap.ptopendoar:https://opendoar.ac.uk/repository/71602025-05-28T19:33:21.868596Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologiafalse
dc.title.none.fl_str_mv Governance in family firms: How to ensure continuity
title Governance in family firms: How to ensure continuity
spellingShingle Governance in family firms: How to ensure continuity
Jayantitlal, Shital
Conflict
Family firms
Sucession
Game Theory
Corporate governance
title_short Governance in family firms: How to ensure continuity
title_full Governance in family firms: How to ensure continuity
title_fullStr Governance in family firms: How to ensure continuity
title_full_unstemmed Governance in family firms: How to ensure continuity
title_sort Governance in family firms: How to ensure continuity
author Jayantitlal, Shital
author_facet Jayantitlal, Shital
Jorge, Sílvia F.
Alcarva, Paulo
Jayantilal, Shital
author_role author
author2 Jorge, Sílvia F.
Alcarva, Paulo
Jayantilal, Shital
author2_role author
author
author
dc.contributor.author.fl_str_mv Jayantitlal, Shital
Jorge, Sílvia F.
Alcarva, Paulo
Jayantilal, Shital
dc.subject.por.fl_str_mv Conflict
Family firms
Sucession
Game Theory
Corporate governance
topic Conflict
Family firms
Sucession
Game Theory
Corporate governance
description Family firms play a key role in the world economy, yet their success is often plagued by family-related issues and conflict. Succession is one of the most critical hurdles they face. The purpose of this paper is to illustrate how specific governance instruments, such as the family protocol, can aid mitigate the conflicts by establishing a set of guidelines and procedures to aid govern the operation, management and continuity of family firms. To study the underlying strategic decision making process of the multiple stakeholders involved, this paper resorts to game theory. The results will provide valuable determinants of the family protocol which may aid smooth managerial transfer in the family firm and uphold harmony in the family setting.
publishDate 2023
dc.date.none.fl_str_mv 2023-11-28T10:41:59Z
2023-11-28
2023-11-13T00:00:00Z
dc.type.driver.fl_str_mv conference paper
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
status_str publishedVersion
dc.identifier.uri.fl_str_mv Jayantitlal, S., Jorge, S. F., & Alcarva, P. (2023). Governance in family firms: How to ensure continuity. In M. Rich (Ed.), Proceedings of the 19th European Conference on Management Leadership and Governance, University of London, UK, 23-24 november 2023, 19(1), (pp. 164-170). Academic Conferences International. https://doi.org/10.34190/ecmlg.19.1.1668. Repositório Institucional UPT. https://hdl.handle.net/11328/5238
https://hdl.handle.net/11328/5238
Jayantitlal, S., Jorge, S. F., & Alcarva, P. (2023). Governance in family firms: How to ensure continuity. In M. Rich (Ed.), Proceedings of the 19th European Conference on Management Leadership and Governance, University of London, UK, 23-24 november 2023, 19(1), (pp. 164-170). Academic Conferences International. https://doi.org/10.34190/ecmlg.19.1.1668. Repositório Institucional UPT. https://hdl.handle.net/11328/5238
https://hdl.handle.net/11328/5238
identifier_str_mv Jayantitlal, S., Jorge, S. F., & Alcarva, P. (2023). Governance in family firms: How to ensure continuity. In M. Rich (Ed.), Proceedings of the 19th European Conference on Management Leadership and Governance, University of London, UK, 23-24 november 2023, 19(1), (pp. 164-170). Academic Conferences International. https://doi.org/10.34190/ecmlg.19.1.1668. Repositório Institucional UPT. https://hdl.handle.net/11328/5238
url https://hdl.handle.net/11328/5238
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 978-1-914587-93-1
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2048-903X
2048-9021
https://doi.org/10.34190/ecmlg.19.1.1668
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info:eu-repo/semantics/openAccess
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dc.publisher.none.fl_str_mv Academic Conferences International
publisher.none.fl_str_mv Academic Conferences International
dc.source.none.fl_str_mv reponame:Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
instname:FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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instname_str FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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collection Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
repository.name.fl_str_mv Repositórios Científicos de Acesso Aberto de Portugal (RCAAP) - FCCN, serviços digitais da FCT – Fundação para a Ciência e a Tecnologia
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