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If we can't have it, then no one should: Shutting down versus selling in family business portfolios
Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). Strategies and Markets Department, ESSCA School of Management, Angers, France.
Department of Management and Entrepreneurship, University of Bern, Bern, Switzerland.
Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Företagsekonomi. Högskolan i Jönköping, Internationella Handelshögskolan, IHH, Center for Family Enterprise and Ownership (CeFEO). EGADE Business School, Tecnológico de Monterrey, Monterrey, Mexico.
2016 (engelsk)Inngår i: Strategic Entrepreneurship Journal, ISSN 1932-4391, E-ISSN 1932-443X, Vol. 10, nr 4, s. 371-394Artikkel i tidsskrift (Fagfellevurdert) Published
Abstract [en]

How does a business family manage its business portfolio in times of declining performance to sustain the portfolio's long-term endurance? Drawing on social identity theory and six family business portfolios from Pakistan, we find that business families may prefer to shut down a satellite business rather than sell it, which is primarily driven by identity considerations. In addition, the family's goal to recycle the assets, the aim to restart the business later, and the increasing decline in performance are important contingency factors. This study contributes to the literature on portfolio entrepreneurship, business exit, and the enduring entrepreneurship of family firms.

sted, utgiver, år, opplag, sider
2016. Vol. 10, nr 4, s. 371-394
Emneord [en]
portfolio entrepreneurship; business exit; family business; social identity theory; business decline
HSV kategori
Identifikatorer
URN: urn:nbn:se:hj:diva-32153DOI: 10.1002/sej.1237ISI: 000389833000003Scopus ID: 2-s2.0-85007574661Lokal ID: IHHCeFEOISOAI: oai:DiVA.org:hj-32153DiVA, id: diva2:1040911
Merknad

Special Issue: Enduring Entrepreneurship

Tilgjengelig fra: 2016-10-30 Laget: 2016-10-30 Sist oppdatert: 2017-11-29bibliografisk kontrollert

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