ENTREPRENEURS' EXIT DECISIONS: THE ROLE OF THRESHOLD EXPECTATIONS.

Arnold C. Cooper · Tim Folta · Javier Gimeno · Carolyn Y. Woo

48 citations0/0 files storedAcademy of Management Proceedings

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Entrepreneurship Studies and Influences Firm Innovation and Growth Private Equity and Venture Capital

Abstract

This study models venture survival as a function of both economic performance and personal choice. We hypothesize that the decision to exit results when economic performance falls short of the entrepreneur's implicit threshold, a personal benchmark below which the benefits to venturing may be insufficient to justify continuation.

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1983Limited-dependent and qualitative variables in econometrics 1977The Population Ecology of Organizations 1991GENDER AND ORGANIZATIONAL PERFORMANCE: DETERMINANTS OF SMALL BUSINESS SURVIVAL AND SUCCESS.1979New venture strategies 1987Improving new venture performance: The role of strategy, industry structure, and the entrepreneur 1987New firms: Societal contribution versus survival potential 1986Exit, stage left why entrepreneurs end their entrepreneurial careers before retirement

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