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Entrepreneurs' perceived exit performance: Conceptualization and scale development

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  • Strese, Steffen
  • Gebhard, Philipp
  • Feierabend, David
  • Brettel, Malte

Abstract

Recently, research on entrepreneurs who exit their firms has intensified. Scholars agree that the outcome of such entrepreneurial exits needs to be assessed based on the individual entrepreneur's perception and on multiple dimensions. Yet, to date we lack theory and measures that capture this outcome, which we define as entrepreneurs' perceived exit performance (PEP). This study introduces a theoretical framework for the PEP construct and develops a scale to measure it along four dimensions: personal financial benefits, personal reputation, employee benefits, and firm mission persistence. We discuss the wide applicability of the scale and a variety of research opportunities.

Suggested Citation

  • Strese, Steffen & Gebhard, Philipp & Feierabend, David & Brettel, Malte, 2018. "Entrepreneurs' perceived exit performance: Conceptualization and scale development," Journal of Business Venturing, Elsevier, vol. 33(3), pages 351-370.
    • Handle: RePEc:eee:jbvent:v:33:y:2018:i:3:p:351-370
    DOI: 10.1016/j.jbusvent.2018.01.005
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    Cited by:

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    4. Eugene Kaciak & Izabela Koladkiewicz & Narongsak (Tek) Thongpapanl & Marta Wojtyra, 2021. "The role of social networks in shaping entrepreneurial exit strategies," International Entrepreneurship and Management Journal, Springer, vol. 17(4), pages 1619-1655, December.
    5. Zhang, Stephen X. & Chen, Jiyao & He, Liangxing & Choudhury, Afreen, 2023. "Responsible Innovation: The development and validation of a scale," Technovation, Elsevier, vol. 124(C).

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    More about this item

    Keywords

    Entrepreneurial exit; Perceived exit performance; Exit success; Measurement validation; Scale development;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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