Entrepreneurial exit intentions in emerging economies: a neoinstitutional perspective
基于新制度理论，研究转型经济体中制度因素（劳动力市场、规范压力、家长式领导）如何影响中小企业创始人的家族传承意向，对理解创业退出决策有参考价值。
Abstract Current research has shown that entrepreneurial exit is driven by individual- and firm-level antecedents. We draw from neoinstitutional theory and propose that contextual factors affect family succession intentions as opposed to family-external exit intentions and theorize how regulative, normative, and cultural-cognitive institutional pillars affect exit intentions in the context of transition economies—a special case of emerging economies with no path dependence related to an entrepreneurial exit—characterized by institutional voids, which are filled in by the national culture. We argue and find—analyzing a sample of 222 Polish SME founders’ survey responses—that labor market development decreases, normative pressure of reference groups increases, and paternalistic leadership style decreases family succession intentions. This study contributes to the literature about entrepreneurial exit, family firm succession, and neoinstitutional theory.