If We Can’t Have It, Then No One Should: Shutting Down Versus Selling in Family Business Portfolios

Akhter, Naveed; Sieger, Philipp; Chirico, Francesco (2016). If We Can’t Have It, Then No One Should: Shutting Down Versus Selling in Family Business Portfolios. Strategic Entrepreneurship Journal, 10(4), pp. 371-394. Wiley 10.1002/sej.1237

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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 Pakistani family business portfolios, 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.

Item Type:

Journal Article (Original Article)

Division/Institute:

03 Faculty of Business, Economics and Social Sciences > Department of Business Management > Institute of Innovation Management > Management

UniBE Contributor:

Sieger, Philipp

Subjects:

600 Technology > 650 Management & public relations

ISSN:

1932-443X

Publisher:

Wiley

Language:

English

Submitter:

Philipp Sieger

Date Deposited:

28 Jun 2017 08:54

Last Modified:

01 Jan 2019 02:30

Publisher DOI:

10.1002/sej.1237

BORIS DOI:

10.7892/boris.95066

URI:

https://boris.unibe.ch/id/eprint/95066

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