The second half of the paper provides many
examples of the application of theory to the process of succession, which,
without the expertise of a mathematician, appears visually in the form of many
complex equations and is somewhat challenging to read. But even the authors
note that although “the equations may seem a bit complicated, the real idea is
to understand the outcomes of the analysis,” and therefore professional family
business advisors need not wade through the equations in the paper in order to
understand the relevance of the application...