Retiring entrepreneurs and succession planning: does entry mode determine exit strategy?
Viljamaa, A., Joensuu-Salo, S., & Varamäki, E. (2024)
Journal of Small Business and Enterprise Development, 31(5), 1021-1038
Survey of 1,192 firms with owners aged over 55 in one European country (the authors' group is Finnish; the abstract says only "a single European country"). Owners who entered by buying are more likely to plan to sell; family successors plan family succession.
Sourcedoi:10.1108/jsbed-05-2023-02036 citations (OpenAlex)