The Impact of New Venture Design on Entrepreneurial Exit

13 Pages Posted: 4 Mar 2009

See all articles by Dawn R. DeTienne

Dawn R. DeTienne

Colorado State University, Fort Collins - College of Business; Utah State University

Melissa S. Cardon

Pace University; Case Western Reserve University

Abstract

In this research we examine how the selection and assembly of initial strategic resources (financial, human, and technological) impact the entrepreneurial exit strategy. Our results suggest that an IPO exit strategy is positively related to all three types of strategic resources, while a strategic sale exit strategy is positively related to financial resources or total initial investment, and a sale to an individual exit strategy is positively associated with percentage of ownership, a financial resource. Implications for research and practice are discussed.

Keywords: Entrepreneurship

JEL Classification: M13

Suggested Citation

DeTienne, Dawn R. and Cardon, Melissa S., The Impact of New Venture Design on Entrepreneurial Exit. Babson College, Babson College Entrepreneurship Research Conference (BCERC) 2008; Frontiers of Entrepreneurship Research, 2008. Available at SSRN: https://ssrn.com/abstract=1348221

Dawn R. DeTienne (Contact Author)

Colorado State University, Fort Collins - College of Business ( email )

Fort Collins, CO 80523
United States

Utah State University

Logan, UT 84322
United States

Melissa S. Cardon

Pace University ( email )

One Pace Plaza
White Plains, NY New York 10603
United States

Case Western Reserve University

10900 Euclid Ave.
Cleveland, OH 44106
United States

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