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Retirement of entrepreneurs: Implications for entrepreneurial exit

Author

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  • Michael H. Morris
  • Sohrab Soleimanof
  • Rebecca J. White

Abstract

Retirement of a large portion of the workforce and, particularly, entrepreneurs is a contemporary trend in developed countries. Despite substantial economic and social consequences of entrepreneurs’ retirement, it has received limited scholarly attention. Using a mixed method approach, we shed light on how entrepreneurs approach retirement and the implications for exit strategy. Our findings suggest retirement is a voluntary decision over which entrepreneurs have considerable control, increasing their proclivity toward partial retirement at a later than normal age. Entrepreneurial identity plays a role in shaping approaches to retirement. Retirement intention influences preferences toward particular exit strategies and associated preparation efforts.

Suggested Citation

  • Michael H. Morris & Sohrab Soleimanof & Rebecca J. White, 2020. "Retirement of entrepreneurs: Implications for entrepreneurial exit," Journal of Small Business Management, Taylor & Francis Journals, vol. 58(6), pages 1089-1120, November.
    • Handle: RePEc:taf:ujbmxx:v:58:y:2020:i:6:p:1089-1120
    DOI: 10.1111/jsbm.12476
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    Cited by:

    1. Shahid, Pirzada Syed Rizwan, 2023. "Founder's Human Capital and the Entrepreneurial Process Duration," OSF Preprints yf6mg, Center for Open Science.
    2. Sascha Hohen & Lars Schweizer, 2021. "Entrepreneurs’ Exit Strategy Intentions and Their Final Exit Paths," Schmalenbach Journal of Business Research, Springer, vol. 73(3), pages 443-477, December.

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