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Perceived barriers and entrepreneurial exit intentions: moderating role of regular versus sustainable entrepreneurship

Subhan Shahid (Department of Management, Technology and Strategy, Grenoble École de Management, Grenoble, France)

European Business Review

ISSN: 0955-534X

Article publication date: 1 September 2022

Issue publication date: 2 January 2023

184

Abstract

Purpose

This study aims to untangle how perceived barriers provoke entrepreneurial exit intentions during an entrepreneurial engagement. Drawing on the social cognitive theory (SCT), the study also theorizes the mediating role of self-efficacy and moderating effects of the nature of entrepreneurship activity (regular versus sustainable entrepreneurship) on the barriers–exit relationship.

Design/methodology/approach

The survey data were collected from 302 entrepreneurs in the UK in two waves using a time-lagged method and analyzed through the structural equation modeling technique

Findings

The results indicate that perceived barriers positively related to entrepreneurial exit intentions, whereas self-efficacy served as an effective intervening mechanism to untangle the barriers–exit relationship. In addition, consistent support was found for the moderating role of the nature of entrepreneurship activity for the hypothesized relationships.

Practical implications

The investigation unfolds that perceived barriers lead entrepreneurs to stimulate exit intentions. Therefore, it is recommended that all the stakeholders, including government, industries and academia, must collaborate and provide a favorable institutional environment where sustainable entrepreneurship can thrive and nourish.

Originality/value

Unlike studies that exhibited perceived barriers as an inhibitor to entrepreneurial intentions, the study theorizes the relevance of perceived barriers during entrepreneurial engagement and demonstrates how it determines entrepreneurial exit intentions. The study also comprehends the exiting knowledge by underpinning the SCT construct self-efficacy as an intervening factor in explaining the barriers–exit relationship.

Keywords

Citation

Shahid, S. (2023), "Perceived barriers and entrepreneurial exit intentions: moderating role of regular versus sustainable entrepreneurship", European Business Review, Vol. 35 No. 1, pp. 39-56. https://doi.org/10.1108/EBR-03-2022-0053

Publisher

:

Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited

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