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Library/Entrepreneurial entry: takeover versus founding

A9FT50

A theory of entrepreneurship and its application to the study of business transfers

Holmes, T. J., & Schmitz, J. A. (1990)

Journal of Political Economy, 98(2), 265-294

Formal model in which business transfers (including sales of firms) are a mechanism for division of labour between those good at creating businesses and those good at running them; discusses evidence on transfers through firm sales. The theoretical root of the "builders sell to managers" argument.

Sourcedoi:10.1086/261678365 citations (OpenAlex)

Full citation

Holmes, T. J., & Schmitz, J. A. (1990). A theory of entrepreneurship and its application to the study of business transfers. Journal of Political Economy, 98(2), 265-294.

https://doi.org/10.1086/261678

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