The planned decision to transfer an entrepreneurial company
AbstractWe expand and test Ajzen’s Theory of Planned Behavior (TPB) to explain the transfer of an entrepreneurial venture upon exit. Our results confirm TPB: transfer intentions and perceived control over the transfer are the main drivers of the likelihood to transfer. In addition, contextual business characteristics complement TPB in explaining transfer outcomes. While intangibility of firm assets directly impacts transfer outcomes, business viability is partially mediated via transfer intentions. These results shed more light on the role of implicit planning in transfer decisions and help to better understand contextual factors impacting the process of entrepreneurial exits.
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Bibliographic InfoPaper provided by Vlerick Leuven Gent Management School in its series Vlerick Leuven Gent Management School Working Paper Series with number 2009-13.
Length: 29 pages
Date of creation: 18 May 2009
Date of revision:
entrepreneurial exit; exit process; transfer decision; Theory of Planned Behavior;
Other versions of this item:
- H. Leroy & S. Manigart & M. Meuleman, 2009. "The Planned Decision To Transfer An Entrepreneurial Company," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 09/577, Ghent University, Faculty of Economics and Business Administration.
- NEP-ALL-2009-07-03 (All new papers)
- NEP-BEC-2009-07-03 (Business Economics)
- NEP-ENT-2009-07-03 (Entrepreneurship)
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