Retiring entrepreneurs and succession planning: does entry mode determine exit strategy?
Anmari Viljamaa,
Sanna Joensuu-Salo,
Elina Varamäki
Abstract:PurposeThe purpose is to examine the relationship between entrepreneurs’ exit strategies and modes of entry. The topic of exit strategies in the context of approaching retirement warrants further attention.Design/methodology/approachWe apply logistic regression to analyse 1,192 responses to an online survey of firms with entrepreneurs aged over 55.FindingsFamily successors are more likely to choose family succession and buyers to choose to sell, but the association between founding and exit mode cannot be conf… Show more
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