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Exit strategies in family firms: how socioemotional wealth drives the threshold of performance
Colorado State University, USA.
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership (CeFEO).
2013 (English)In: Entrepreneurship: Theory & Practice, ISSN 1042-2587, E-ISSN 1540-6520, Vol. 37, no 6, 1297-1318 p.Article in journal (Refereed) Published
Abstract [en]

Although research has shown the ability to exit from both successful and unsuccessful ventures is important to founders, families, firms, industries, and overall economic health, exiting from a family firm can be especially challenging. In this paper, we examine exit strategies in the context of the family firm and the family firm portfolio. Drawing upon threshold theory and the socioemotional wealth perspective, we develop a model that provides guiding theoretical explanations for exit strategies. We address two questions: (1) why do family owners develop specific exit strategies, and (2) how do these strategies differ within family firms and family firm portfolios? In doing so, we contribute to family business, portfolio entrepreneurship, and exit literatures.

Place, publisher, year, edition, pages
2013. Vol. 37, no 6, 1297-1318 p.
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-20975DOI: 10.1111/etap.12067ISI: 000326728100004Scopus ID: 2-s2.0-84887150662Local ID: IHHCeFEOISOAI: oai:DiVA.org:hj-20975DiVA: diva2:617491
Available from: 2013-04-23 Created: 2013-04-23 Last updated: 2016-02-04Bibliographically approved

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Chirico, Francesco
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CiteExportLink to record
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Citation style
  • apa
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