Shepherd, Dean A.; Wiklund, Johan; Haynie, J. Michael - In: Journal of Business Venturing 24 (2009) 2, pp. 134-148
Why do owner-managers delay business failure when it is financially costly to do so? In this paper we acknowledge that delaying business failure can be financially costly to the owner-manager and the more costly the delay, the more difficult the recovery. But we complement this financial...
