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Title: Exit planning in small Australian firms
Contributor(s): Kotey, Bernice A  (author)
Publication Date: 2014
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Abstract: It is commonly held that small businesses have a high failure rate (Rob and Watson, 2012; Shane, 2008). However, close analysis of business owners who discontinue operations show that they do not all fail (Watson and Everett, 1999). Some business owners operate successfully and cease operations when they exit. Other businesses are continued in a different form with or without their owners. These businesses do not fail or become bankrupt and are not forced to close due to poor performance. Their owners exit voluntarily from healthy businesses. Voluntary exits are intentional; they involve transferring part or the whole of a viable business to others with the aim of securing maximum value for the owner's investment (DeTienne, 2010; DeTienne and Cardon, 2012).
Publication Type: Book Chapter
Source of Publication: Meeting the Globalisation Challenge: Smart and Innovative SMEs in a Globally Competitive Environment, p. 233-249
Publisher: Tilde University Press
Place of Publication: Prahran, Australia
ISBN: 9780734611925
Field of Research (FOR): 150314 Small Business Management
Socio-Economic Outcome Codes: 900202 Professional, Scientific and Technical Services
HERDC Category Description: B1 Chapter in a Scholarly Book
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Series Name: SEAANZ Research Book Series
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Views: 106
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Appears in Collections:Book Chapter

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