Reconceptualizing entrepreneurial exit: Divergent exit routes and their drivers

We develop a conceptual model of entrepreneurial exit which includes exit through liquidation and firm sale for both firms in financial distress and firms performing well. This represents four distinct exit routes. In developing the model, we complement the prevailing theoretical framework of exit a...

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Veröffentlicht in:	Journal of business venturing 2010-07, Vol.25 (4), p.361-375
Hauptverfasser:	Wennberg, Karl, Wiklund, Johan, DeTienne, Dawn R., Cardon, Melissa S.
Format:	Artikel
Sprache:	eng
Schlagworte:	Decision theory Entrepreneurial exit Entrepreneurial exit Prospect theory Human capital Entrepreneurs Entrepreneurship Human capital Liquidation Market exit Prospect theory Startups Studies
Online-Zugang:	Volltext
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