Looking Back, Thinking Forward,: Distinguishing between Weak and Strong Sustainability
Roome (+), Nigel
Roome (+), Nigel
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Publication Type
Book Chapter
Editor
Supervisor
Publication Year
2011
Journal
Book
The Oxford Handbook of Business and the Natural Environment
Publication Volume
Publication Issue
Publication Begin page
620
Publication End page
629
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Abstract
The Theory of Planned Behavior (TPB) is used in this paper to empirically study whether an entrepreneur successfully transfers his/her firm, conditional on exiting the firm. TPB posits that entrepreneurial intentions drive actions, being the transfer of a business. We expand the TPB framework with business characteristics (intangible assets and profitability) to further explain the gap between intentions to transfer and the transfer outcome. Based on survey responses of 198 Belgian entrepreneurs that exited their company between 2001 and 2006, we show that intentions drive transfer outcomes. Further, the personal desirability of a transfer, the perceived control over the transfer process and the level of intangible assets influence intentions. Business profitability has a direct positive effect on the probability of transferring a business, that is partially mediated through intentions.
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Keywords
Strategy