Entrepreneurs' exit strategies : the role of emotion

Afrahi, Bahare and Blackburn, Robert (2019) Entrepreneurs' exit strategies : the role of emotion. In: British Academy of Management (BAM) Conference 2019 : Building and Sustaining High Performance Organisations in Uncertain Times : Challenges and Opportunities; 03 - 05 Sep 2019, Birmingham, U.K.. ISBN 9780995641327


Entrepreneurial exit strategies are the mode through which the entrepreneur intends to exit the firm such as harvest, stewardship, and voluntary cessation. This article examines the impacts of emotional disengagement entrepreneurs feeling of being emotionally distanced from the entrepreneurial activity on entrepreneurial exit strategies. We draw upon survey data across the UK. The analysis finds that entrepreneurs disengagement mediates the effects of antecedents on entrepreneurs intentions to choose different exit routes. However, its mediating effect varies according to the type of exit strategy, including voluntary cessation, harvest, and stewardship. The paper contributes to the understanding of the mechanism of exit intentions.

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