Research Handbook of Entrepreneurial Exit

Research Handbook of Entrepreneurial Exit

Research Handbooks in Business and Management series

Edited by Dawn R. DeTienne and Karl Wennberg

With contributions from authors around the globe, Research Handbook of Entrepreneurial Exit explores this most important phenomenon in the entrepreneurial journey. This book presents a comprehensive review of the current issues in entrepreneurial exits, and provides theoretical and methodological insights for future research. It explores the historical perspective and discusses topics such as gender and exit, retirement, psychological barriers, emotional aspects, venture capital funding firm relocation and exit from social ventures.

Chapter 7: The role of retirement intention in entrepreneurial firm exit

Sohrab Soleimanof, Michael H. Morris and Imran Syed

Subjects: business and management, entrepreneurship, strategic management


A common feature of all entrepreneurs is that they eventually exit the venture. A wide range of personal and organizational factors that influence when and how the entrepreneur exits have been identified (Delmar et al., 2006; Taylor, 1999). A key variable that is largely ignored in exit research is retirement. Yet the entrepreneur’s planning for retirement and ultimate decision to retire would seem to be a major driver of many exits. A sizable body of literature on retirement has developed in recent decades (see Wang and Shultz, 2010). Especially in developed economies, the lowering of birth rates, lengthening of life expectancies, aging of the baby-boom generation, rising costs of health care, and growing number of post-retirement options for seniors have combined to significantly increase the social, political and economic implications of retirement (Reitzes and Mutran, 2004; Shultz and Wang, 2011). In practice, retirement takes multiple forms, involves a number of decisions, and typically involves a process that can extend over a considerable period of time (Ekerdt, 2010; Wang and Shultz, 2010). Further, the decision to retire, which may not be completely voluntary, is influenced by a range of motives, and can produce a mix of often conflicting emotions (Feldman and Beehr, 2011; MacEwen et al., 1995; Nuttman-Shwartz, 2004).

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