Understanding the continuation of firm activities when entrepreneurs exit their firms: Using theory of planned behavior
Leroy, Hannes Manigart, Sophie Meuleman, Miguel Collewaert, Veroniek
Leroy, Hannes
Manigart, Sophie
Meuleman, Miguel
Collewaert, Veroniek
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2015
Journal
Journal of Small Business Management
Book
Publication Volume
53
Publication Issue
2
Publication Begin page
400
Publication End page
415
Publication Number of pages
Collections
Abstract
Up to now, little attention has been paid to the continuity of a firm when entrepreneurs exit. Survey data from 175 entrepreneurs confirm the theory of planned behavior as an appropriate framework to understand whether entrepreneurs, when leaving, sell or liquidate their firm. Entrepreneurs' sale attitudes are related to sale intentions, which are associated with firm sale. Further, sale attitudes are positively related to whether entrepreneurs perceive firm continuation to be out of free will, their experience, the number of employees, and whether the firm is a multigeneration family business.
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Journal Issue
Keywords
Impact, Succession, Perspective, Psychological Ownership, Family Businesses, Decision-Making, Intentions, Models, Growth