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Entrepreneurial exit in family firm portfolios
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
Jönköping University, Jönköping International Business School, JIBS, Center for Family Enterprise and Ownership.
2014 (English)In: The Academy of Management Annual Meeting Proceedings, January 2014 (Meeting Abstract Supplement), 15060, 2014Conference paper, (Refereed)
Abstract [en]

We explore the process of entrepreneurial exit in a sample of five family firm portfolios from Pakistan. Our aim is to understand how entrepreneurial exit occurs in family firm portfolios and why family firm owners exit from some satellites and not from others. The emergent insights of this study through observing total number of 25 exits, portrays that due to emotional depth family firm owners manifest a strong attachment toward their core business and refrain from exiting from it. This tendency persists across generations. By doing so, family firm owners tend to exit from satellites, regardless to the fact that they are successful or not, to save the core business. Furthermore, they are more likely to exit from satellites ventured with external parties, not directly managed by the family and/or founded by distant relatives.

Place, publisher, year, edition, pages
2014.
Keyword [en]
Entrepreneurial Exit, Family Firms, Portfolio Entrepreneurship
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-25409DOI: 10.5465/AMBPP.2014.15060abstractOAI: oai:DiVA.org:hj-25409DiVA: diva2:774139
Conference
The Academy of Management Meeting, Philadelphia, USA, August 2014
Note

Paper to be presented at the Academy of Management Meeting, Philadelphia, USA, August 2014

Available from: 2014-12-22 Created: 2014-12-22 Last updated: 2014-12-22Bibliographically approved

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  • apa
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  • Other locale
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Output format
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