Abstract

Recent studies have started to note the impact of psychological factors on business exit (DeTienne, Shepherd, & De Castro, 2008; DeTienne, 2010). For instance, psychological ownership, defined as the feeling that an object, or at least a part of it, is “mine (Pierce, Kostova, & Dirks, 2001: 299),” has been acknowledged to delay entrepreneurs’ exit decisions (DeTienne, 2010). On the other hand, other psychological factors, such as stress resulting from lack of family support, may facilitate exiting a venture, as stress has been pointed out to drive people to leave the organization (Jamal, 1990). However, how psychological ownership and stress, as two countervailing forces, influence entrepreneurs’ venture exit decisions is still unclear. In this study, therefore, we draw on the psychological ownership (Pierce et al., 2001) and stress literature (Hobfoll, 1989; Lazarus & Folkman, 1984) to examine how both factors influence entrepreneurs’ venture exit decisions.

Share

COinS