Retirement of entrepreneurs: Implications for entrepreneurial exit
研究了企业家如何规划退休及其对退出策略的影响，发现退休是自愿决策，企业家倾向于延迟退休并选择部分退休，企业家身份影响退休方式，退休意向影响退出策略偏好和准备。
Retirement of a large portion of the workforce and, particularly, entrepreneurs is a contemporary trend in developed countries. Despite substantial economic and social consequences of entrepreneurs’ retirement, it has received limited scholarly attention. Using a mixed method approach, we shed light on how entrepreneurs approach retirement and the implications for exit strategy. Our findings suggest retirement is a voluntary decision over which entrepreneurs have considerable control, increasing their proclivity toward partial retirement at a later than normal age. Entrepreneurial identity plays a role in shaping approaches to retirement. Retirement intention influences preferences toward particular exit strategies and associated preparation efforts.