Entrepreneurial exit has been acknowledged as a critical component of the entrepreneurial process (DeTienne, 2010; Wennberg & DeTienne, 2014). At the heart of recent research lies the basic belief that exit is a multidimensional phenomenon that can be perceived as a positive as well as a negative outcome by the individual entrepreneur. Theoretical reasoning suggests that not only the financial outcome plays a role in entrepreneurs’ perceptions of exit (DeTienne, 2010). Scholars rather suggest that exiting entrepreneurs also aim at other dimensions of success, such as reputational gains, employee retention, or continued pursuance of the firm’s strategic mission (Graebner & Eisenhardt, 2004; Dalziel, 2008; Graebner et al., 2010). Building on the findings outlined above, we develop a scale to measure Entrepreneurial Exit Success (EES). The development of this scale is important as it enables researchers to distinguish between successful and unsuccessful exits— furthermore, forming the basis for research on determinants for EES.
Feierabend, David and Gebhard, Philipp
"ENTREPRENEURIAL EXIT – IT’S TIME TO MEASURE SUCCESS (SUMMARY),"
Frontiers of Entrepreneurship Research: Vol. 35
, Article 9.
Available at: http://digitalknowledge.babson.edu/fer/vol35/iss16/9