Abstract

Building on the fundamental belief that exit is a major event in the entrepreneur-investor relationship, research in this context has gained importance over the last years (e.g., Collewaert, 2012). Particularly, determinants for a successful exit from the investor’s perspective have been thoroughly investigated (e.g., Streletzki & Schulte, 2013). However, the entrepreneur’s view on exit success has been neglected so far. This is surprising, since entrepreneurial exit has been acknowledged as an important research stream (DeTienne, 2010). With the newly developed scale measuring entrepreneurial exit success (EES)–being defined as the entrepreneur’s personal, subjective perception of the outcome of an exit–we are able to close this gap. Drawing on RBV and on conflict theory, we analyze the impact of the investor type and of task conflict in the entrepreneur- investor relationship on EES.

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