{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,3,17]],"date-time":"2026-03-17T22:44:49Z","timestamp":1773787489264,"version":"3.50.1"},"reference-count":68,"publisher":"Emerald","issue":"2","license":[{"start":{"date-parts":[[2022,4,13]],"date-time":"2022-04-13T00:00:00Z","timestamp":1649808000000},"content-version":"tdm","delay-in-days":0,"URL":"https:\/\/www.emerald.com\/insight\/site-policies"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["JFBM"],"published-print":{"date-parts":[[2023,5,16]]},"abstract":"<jats:sec><jats:title content-type=\"abstract-subheading\">Purpose<\/jats:title><jats:p>The study aims to investigate the effect of cultural alignment and value congruency between children and founder on intergenerational succession and on the observation of family optimal outcomes.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Design\/methodology\/approach<\/jats:title><jats:p>A game-theoretical approach is used to develop a sequential game modeling the strategic interactions behind successor selection. The authors test its main predictions by conducting an experiment with 75 subjects.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Findings<\/jats:title><jats:p>A theoretical prediction that misalignment between children and founder leads to outcomes without intergenerational succession, or to outcomes with intergenerational succession that are not family optimal. These predictions are buttressed by our experiment, which also found evidence that the family optimal outcome is focal when there are multiple equilibria.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Research limitations\/implications<\/jats:title><jats:p>No light is thrown on the sources of cultural (mis)alignment, but only on some of its consequences. Further studies of a different nature are needed to better understand the former.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Practical implications<\/jats:title><jats:p>Cultural diffusion and value congruency within the family should be timely fostered to promote harmony during the succession process and raise the chances of successful succession.<\/jats:p><\/jats:sec><jats:sec><jats:title content-type=\"abstract-subheading\">Originality\/value<\/jats:title><jats:p>The cultural alignment and value congruency between incumbent and successors is treated as shaping the incentives that both types of agents face in the successor-selection process. Further, experimental techniques have not been used to test the results obtained in games exploring issues in family firm succession. This paper aims to begin filling this gap.<\/jats:p><\/jats:sec>","DOI":"10.1108\/jfbm-12-2021-0154","type":"journal-article","created":{"date-parts":[[2022,4,12]],"date-time":"2022-04-12T03:21:52Z","timestamp":1649733712000},"page":"356-372","source":"Crossref","is-referenced-by-count":8,"title":["Cultural alignment and\u00a0intergenerational succession\u00a0in\u00a0family firms: a\u00a0game-theoretical experiment"],"prefix":"10.1108","volume":"13","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-3355-876X","authenticated-orcid":false,"given":"Shital","family":"Jayantilal","sequence":"first","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0003-0651-7433","authenticated-orcid":false,"given":"S\u00edlvia Ferreira","family":"Jorge","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0003-2486-1131","authenticated-orcid":false,"given":"Diogo","family":"Louren\u00e7o","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0002-7042-5683","authenticated-orcid":false,"given":"Anabela","family":"Botelho","sequence":"additional","affiliation":[]},{"ORCID":"https:\/\/orcid.org\/0000-0001-5626-6447","authenticated-orcid":false,"given":"Tom\u00e1s M.","family":"Ba\u00f1egil","sequence":"additional","affiliation":[]}],"member":"140","published-online":{"date-parts":[[2022,4,13]]},"reference":[{"key":"key2023051306062976700_ref001","doi-asserted-by":"publisher","first-page":"332","DOI":"10.1007\/s13132-020-00710-9","article-title":"Knowledge sharing framework: a game-theoretic approach","volume":"13","year":"2022","journal-title":"Journal of Knowledge Economy"},{"issue":"6","key":"key2023051306062976700_ref002","doi-asserted-by":"crossref","first-page":"837","DOI":"10.1111\/j.1540-6520.2006.00155.x","article-title":"Are we family? 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