Journal article

Authors list: Alterman, Valeria; Froidevaux, Ariane; Fasbender, Ulrike; Xie, Jiangpei

Publication year: 2020

Pages: 146-152

Journal: Work, Aging and Retirement

Volume number: 6

Issue number: 3

ISSN: 2054-4642

eISSN: 2054-4650

DOI Link: https://doi.org/10.1093/workar/waaa010

Publisher: Oxford University Press

Abstract: 
The research on small business owners' (SBOs') retirement process has been very limited in the literature. In this commentary, we first outline SBOs' 4 specific retirement decision options, including family succession, retire from management while maintaining ownership, independent sale, and liquidation. We then examine their unique multi-level antecedents that may shape SBOs' retirement decisions at the individual (e.g., psychological ownership), relational (e.g., business-related family conflict and potential successor), and business (e.g., presence of business partners and business financial value) levels. Next, we explain how SBOs' specific retirement decisions may shape their retirement adjustment in terms of both psychological and financial well-being. The overall purpose of this article is to provide a conceptual model of SBOs' unique retirement decisions to support the understanding of SBO's retirement process and help the literature move forward on this topic.

Harvard Citation style: Alterman, V., Froidevaux, A., Fasbender, U. and Xie, J. (2020) A Conceptual Model of Small Business Owners' Unique Retirement Decisions: Multilevel Antecedents and Retirement Adjustment Consequences, Work, Aging and Retirement, 6(3), pp. 146-152. https://doi.org/10.1093/workar/waaa010

APA Citation style: Alterman, V., Froidevaux, A., Fasbender, U., & Xie, J. (2020). A Conceptual Model of Small Business Owners' Unique Retirement Decisions: Multilevel Antecedents and Retirement Adjustment Consequences. Work, Aging and Retirement. 6(3), 146-152. https://doi.org/10.1093/workar/waaa010