Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/196098 
Year of Publication: 
2019
Citation: 
[Editor:] Tipurić, Darko [Editor:] Hruška, Domagoj [Title:] 7th International OFEL Conference on Governance, Management and Entrepreneurship: Embracing Diversity in Organisations. April 5th - 6th, 2019, Dubrovnik, Croatia [Publisher:] Governance Research and Development Centre (CIRU) [Place:] Zagreb [Year:] 2019 [Pages:] 388-399
Publisher: 
Governance Research and Development Centre (CIRU), Zagreb
Abstract: 
Despite extensive research into succession planning, little is known about the impact of the continuity outlook of a firm on growth intentions. The objectives of the study are to examine 1) the effect of different continuity outlooks of the firm on growth intentions, 2) the effect of exploration and exploitation activities on growth intentions, and 3) the differences in exploration and exploitation activities between different continuity outlooks of the firm. The data set of 929 responses was collected from CEOs of Finnish SMEs aged 55 or more using a web-based survey. The results show that the most important variable explaining high growth intentions is exploration activity. Succession, co-owners continuing the firm and selling the firm outside the family as continuity outlooks are positively associated with growth intentions in contrast to closing down the firm. Results also show that exploration activities are on a higher level with co-owners continuing the firm or succession as continuity outlooks compared to closing down the firm or selling the firm outside the family.
Subjects: 
Business transfer
exploration/exploitation
firm growth
SME
succession
Document Type: 
Conference Paper

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