"I want this firm to be in good hands": Emotional pricing of resigning entrepreneurs
Kammerlander, N. (2016)
International Small Business Journal, 34(2), 189-214
1,354 Swiss SME owner-managers' exit intentions compared with 455 actual Swiss ownership transfers. Owners accept a discount ("emotional pricing") driven by long tenure, familiarity with the successor and poor firm performance.
Sourcedoi:10.1177/026624261454128765 citations (OpenAlex)