The Analysis of the Influence of the Idiosyncratic Knowledge has on the Choice of Family Business Successor
The knowledge of the family businesses is often highly idiosyncratic, but the appropriation risks brought by the idiosyncratic knowledge are not one way. In the case where family businesses choose agents as their successors, the Compensation and Benefits(C&B) negotiations between family businesses and agents with the idiosyncratic knowledge of family businesses, are those of bilateral monopoly pricing* under complete information. The C&B level is decided by the bargaining skills of the two parties. The range within which the two parties bargain is given. The determinant of choosing an agent or a family offspring as a successor is transaction cost rather than the appropriation risks.
Idiosyncratic knowledge Appropriation Risk Choice of Family business successor
ZHANG Jianfeng LIU Xuefang
School of Business, Shandong Polytechnic University Jinan, P.R. China, 250353
国际会议
济南
英文
392-396
2011-10-01（万方平台首次上网日期，不代表论文的发表时间）