Persistence Decisions: It’s Not Just About the Money

Drawing on threshold theory, we examine the effects of attributes of alternative opportunities on persistence decisions of family business entrepreneurs. The results of our conjoint experiment show that: (a) family business entrepreneurs are generally more persistent than other entrepreneurs and (b)...

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Bibliographic Details
Published in:The Journal of entrepreneurship 2019-03, Vol.28 (1), p.121-143
Main Authors: Ma, Dalong, Mattingly, E. Shaunn, Kushev, Trayan N., Ahuja, Manju K., Manikas, Andrew S.
Format: Article
Language:English
Subjects:
Entrepreneurs
Family owned businesses
Money
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Summary:Drawing on threshold theory, we examine the effects of attributes of alternative opportunities on persistence decisions of family business entrepreneurs. The results of our conjoint experiment show that: (a) family business entrepreneurs are generally more persistent than other entrepreneurs and (b) family business entrepreneurs focus more on non-financial benefits than other entrepreneurs. Our study contributes to persistence literature within the family business context and provides a good basis for how family business literature can benefit from multi-level theoretical and empirical modelling.
ISSN:0971-3557
0973-0745
DOI:10.1177/0971355718810575