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Comment on “Firm Resource Characteristics and Human Capital as Predictors of Exit Choice: An Exploratory Study of SMEs”

  • Fernando G. Alberti EMAIL logo


Entrepreneurial exit is a fact all over the world and it not only affects the entrepreneur and the firm but also the industry and, in some cases, even the regional economy. Nevertheless, entrepreneurial exit has only recently received scholarly attention and, more specifically, still little we know on the different methods entrepreneurs use for exiting their ventures, on the factors that contribute to their choice of exit route, and on the antecedents of entrepreneurial exit choice and outcome. Even though it has received little research attention, previous exit research has assumed a multifaceted nature, because of the differences in levels/units of analysis, theoretical perspectives, contexts, and choice of dependent and independent variables accounted for in the present commentary.


The present commentary benefited from suggestions and inputs from Javier Gimeno (INSEAD), while we were both visiting the Institute for Strategy and Competitiveness at Harvard Business School in December, 2012. I am grateful for the helpful hints received from the participants of the Inaugural European Entrepreneurship Research Forum “Entrepreneurship as an European Experience”. The usual caveats apply.


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Published Online: 2013-02-23

©2013 by Walter de Gruyter Berlin / Boston

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