If We Can’t Have It, Then No One Should: Shutting Down Versus Selling in Family Business Portfolios
Informazioni aggiuntive
Autori
Akhter N.,
Sieger P.,
Chirico F.
Tipo
Articolo pubblicato in rivista scientifica
Anno
2016
Lingua
Inglese
Abstract
How does a business family manage its business portfolio in times of declining performance to sustain the portfolio’s long-term endurance? Drawing on social identity theory and six family business portfolios from Pakistan, we find that business families may prefer to shut down a satellite business rather than sell it, which is primarily driven by identity considerations. In addition, the family’s goal to recycle the assets, the aim to restart the business later, and the increasing decline in performance are important contingency factors. This study contributes to the literature on portfolio entrepreneurship, business exit, and the enduring entrepreneurship of family firms.
Rivista
Strategic Entrepreneurship Journal
Pagina inizio
1
Pagina fine
30
