The role of social networks in shaping entrepreneurial exit strategies

Extant literature looks at entrepreneurial exit strategies (e.g., stewardship—family succession; financial harvest—sale of the firm; and voluntary cessation—voluntary liquidation) from the limited perspectives of either a small business owner’s human capital or firm/environmental characteristics. Our study adds to this research by focusing on yet another crucial capital of a small business (family or non-family) owner—his or her social capital....