Frank Halter
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Dr.
Last Name
Halter
First name
Frank
Email
frank.halter@unisg.ch
Phone
+41 71 224 71 00
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  • Publication
    The Role of Information Asymmetry in the Choice of Entrepreneurial Exit Routes
    (Elsevier Science Publ., 2014-11-08)
    Dehlen, Tobias
    ;
    Zellweger, Thomas orcid-logo
    ;
    Kammerlander, Nadine
    ;
    Halter, Frank
    Our quantitative study investigates the determinants of internal versus external exit routes in family firms. Building on information asymmetry theory, we examine how an owner's inferior knowledge about the abilities of potential external entrants (in contrast to family internal successors) renders a family internal transfer more likely. This information asymmetry, however, can be mitigated by activities such as owners' screening and transfer candidates' signaling efforts to reveal the candidates' abilities. Our data exhibits a positive effect of signaling and an inverted U-shaped effect of screening on the probability of external exit routes. Firm age, as a driver of emotional attachment, weakens these effects.
    Type: journal article
    Journal: Journal of Business Venturing
    Volume: 29
    Issue: 2
    DOI: 10.1016/j.jbusvent.2012.10.001
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/86158
    Scopus© Citations 95
  • Publication
    Should I stay or should I go? Career choice intentions of students with family business background
    (Elsevier, 2011-09-01)
    Zellweger, Thomas orcid-logo
    ;
    Sieger, Philipp
    ;
    Halter, Frank
    Personal and motivational patterns of intentional founders have been researched in great depth; however, antecedents to career choices of intentional successors have been conspicuously missing in entrepreneurship research. By drawing on theory of planned behavior, we investigate how intentional founders, successors, and employees differ in terms of locus of control and entrepreneurial self-efficacy as well as independence and innovation motives. We find that transitive likelihood of career intent depends on degree of entrepreneurial self-efficacy and the independence motive. Unexpectedly, we see that high levels of internal locus of control lead to a preference of employment, which challenges traditional entrepreneurship research and suggests that the feasibility of an entrepreneurial career path does not automatically make it desirable. Our findings suggests that students with family business background are pessimistic about being in control, but optimistic about their efficacy to pursue an entrepreneurial career
    Type: journal article
    Journal: Journal of Business Venturing
    Volume: 26
    Issue: 5
    DOI: 10.1016/j.jbusvent.2010.04.001
    URI: https://www.alexandria.unisg.ch/handle/20.500.14171/93625
    Scopus© Citations 488