Abstract
Entrepreneurial firms are often founded by uniquely talented individuals. Given that talent does not always beget talent, succession can be challenging. An analytical model is used to explore dynamic tradeoffs of competence in the choice between an insider and an outsider in the succession of a talented individual. The model is illustrated with an application to family business.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 123-138 |
| Number of pages | 16 |
| Journal | International Journal of the Economics of Business |
| Volume | 30 |
| Issue number | 2 |
| DOIs | |
| State | Published - 2023 |
Keywords
- Entrepreneurial decision making
- entry
- judgment
- opportunity
ASJC Scopus subject areas
- Business, Management and Accounting (miscellaneous)
- Economics and Econometrics