If We Cannot Have It Then No One Should: Shutting Down Versus Selling in Family Business Portfolios
Type
conference paper
Date Issued
2015-08-07
Author(s)
Abstract
The present study investigates exit patterns in family business portfolios in times of declining performance. Drawing on social identity theory and a sample of six family business portfolios from Pakistan, we reveal that business families often prefer shutting down satellite portfolio firms rather than selling them. This is found to be mainly driven by the identity fit of the family and the satellite business and the desire to restart it at a later point in time. This study contributes to literature on portfolio entrepreneurship, business exit, and long-term success and endurance of family firms.
Language
English
Keywords
Portfolio entrepreneurship
social identity theory
business exit
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
Academy of Management Proceedings
Publisher
Academy of Management
Publisher place
Philadelphia, PA
Start page
1
End page
40
Pages
40
Event Title
75th Academy of Management Annual Meeting (AOM) 2015 "Opening Governance"
Event Location
Vancouver, British Columbia, Canada
Event Date
07.-11.08.2015
Subject(s)
Division(s)
Eprints ID
239893