The Planned Decision to Transfer an Entrepreneurial Company

The IUP Journal of Entrepreneurship Development, Vol. 7, Nos. 1 & 2, pp. 7-22, March & June 2010

Posted: 22 May 2010

See all articles by Hannes Luc Leroy

Hannes Luc Leroy

KU Leuven

Sophie Manigart

Vlerick Business School; Ghent University

Miguel Meuleman

Vlerick Business School; University of Nottingham

Date Written: May 20, 2010

Abstract

The Theory of Planned Behavior (TPB) is used in this paper to empirically study whether an entrepreneur transfers his/her firm, conditional on exiting the firm. TPB posits that entrepreneurial intentions drive actions, being the transfer of a business. The TPB framework is expanded by assessing whether formal and informal planning of the exit process further explains the remaining gap between intentions to transfer and the actual transfer. Based on survey responses of 198 Belgian entrepreneurs who exited their company between 2001 and 2006, the TPB explains both the intention to transfer and the actual transfer with a significant amount of variance. Formal planning of the exit has no direct impact on business transfers.

Suggested Citation

Leroy, Hannes Luc and Manigart, Sophie and Meuleman, Miguel, The Planned Decision to Transfer an Entrepreneurial Company (May 20, 2010). The IUP Journal of Entrepreneurship Development, Vol. 7, Nos. 1 & 2, pp. 7-22, March & June 2010. Available at SSRN: https://ssrn.com/abstract=1612089

Hannes Luc Leroy (Contact Author)

KU Leuven ( email )

Oude Markt 13
Leuven, Vlaams-Brabant 3000
Belgium

Sophie Manigart

Vlerick Business School ( email )

Reep 1
Ghent, BE-9000
Belgium

Ghent University ( email )

Sint-Pietersplein 7
Gent, 9000
Belgium

Miguel Meuleman

Vlerick Business School ( email )

Reep 1
Gent, 9000
Belgium
0032(0)92109770 (Phone)
0032(0)92109790 (Fax)

University of Nottingham

University Park
Nottingham, NG8 1BB
United Kingdom

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