TY  - JOUR
A1  - Hohen, Sascha
A1  - Schweizer, Lars
T1  - Entrepreneurs' exit strategy intentions and their final exit paths
T2  - Schmalenbach journal of business research
N2  - This paper explores entrepreneurs’ initially intended exit strategies and compares them to their final exit paths using an inductive approach that builds on the grounded theory methodology. Our data shows that initially intended and final exit strategies differ among entrepreneurs. Two groups of entrepreneurs emerged from our data. The first group comprises entrepreneurs who financed their firms through equity investors. The second group is made up of entrepreneurs who financed their businesses solely with their own equities. Our data shows that the first group originally intended a financial harvest exit strategy and settled with this harvest exit strategy. The second group initially intended a stewardship exit strategy but did not succeed. We used the theory of planned behavior and the behavioral agency model to analyze our data. By examining our results from these two theoretical perspectives, our study explains how entrepreneurs’ exit intentions lead to their actual exit strategies.
KW  - Entrepreneurial Exit Intentions
KW  - Financial Harvest Exit Strategy
KW  - Stewardship Exit Strategy
KW  - Theory of Planned Behavior
KW  - Behavioral Agency Model
Y1  - 2021
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/69771
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-697710
SN  - 2366-6153
N1  - Open Access funding enabled and organized by Projekt DEAL.
VL  - 73
IS  - 3-4
SP  - 443
EP  - 477
PB  - Springer Fachmedien
CY  - Wiesbaden
ER  -