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Library/Information asymmetry, pricing and deal process

C12other

When do entrepreneur sellers have to earn their exit?

Garofolo, A., Cox, K., & Sproul, C. (2025)

Entrepreneurship Research Journal, 15(2), 237-257

6,184 small business acquisitions, 2013 to 2019. Models the likelihood of earnouts as a function of price, leverage, firm age, employment agreements and non-competes.

Sourcedoi:10.1515/erj-2024-02760 citations (OpenAlex)

Full citation

Garofolo, A., Cox, K., & Sproul, C. (2025). When do entrepreneur sellers have to earn their exit? Entrepreneurship Research Journal, 15(2), 237-257.

https://doi.org/10.1515/erj-2024-0276

This page describes a work published elsewhere. The summary, where present, states what the authors claim; it is not the school's position. Read the source before quoting a figure.