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The Strategic Divestment Decision in the Family Business Through the Real Options and Emotional Lenses

The Strategic Divestment Decision in the Family Business Through the Real Options and Emotional Lenses

Rania Labaki, Gérard Hirigoyen
ISBN13: 9781799822691|ISBN10: 1799822699|ISBN13 Softcover: 9781799822707|EISBN13: 9781799822714
DOI: 10.4018/978-1-7998-2269-1.ch012
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MLA

Labaki, Rania, and Gérard Hirigoyen. "The Strategic Divestment Decision in the Family Business Through the Real Options and Emotional Lenses." Handbook of Research on the Strategic Management of Family Businesses, edited by Jesús Manuel Palma-Ruiz, et al., IGI Global, 2020, pp. 244-279. https://doi.org/10.4018/978-1-7998-2269-1.ch012

APA

Labaki, R. & Hirigoyen, G. (2020). The Strategic Divestment Decision in the Family Business Through the Real Options and Emotional Lenses. In J. Palma-Ruiz, I. Barros-Contreras, & L. Gnan (Eds.), Handbook of Research on the Strategic Management of Family Businesses (pp. 244-279). IGI Global. https://doi.org/10.4018/978-1-7998-2269-1.ch012

Chicago

Labaki, Rania, and Gérard Hirigoyen. "The Strategic Divestment Decision in the Family Business Through the Real Options and Emotional Lenses." In Handbook of Research on the Strategic Management of Family Businesses, edited by Jesús Manuel Palma-Ruiz, Ismael Barros-Contreras, and Luca Gnan, 244-279. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-2269-1.ch012

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Abstract

Divestments have received little attention in family business research, although representing one of the most important strategic and financial decisions. Additionally, they have been insufficiently studied from the owning family's emotional perspective. This chapter contributes in filling these gaps by focusing on the core entity of the family business as object of divestment from the Real Options and Regret theoretical lenses. It suggests a characterization of the family business divestment decision and a series of propositions with case vignettes around configurations of divestment options, their valuation, and influence in different emotional family business archetypes.

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