O1 Abstract
Work Ability, Satisfaction with Life, and Aging Small Business Owners’ Exit to Retirement (2023)

Von Bonsdorff, M., Rönkkö, M., & Mansikkamäki, S. R. E. (2023). Work Ability, Satisfaction with Life, and Aging Small Business Owners’ Exit to Retirement. In S. Taneja (Ed.), Annual Meeting Proceedings : Boston 2023 (2023, pp. -). Academy of Management. Academy of Management Annual Meeting Proceedings, 2023. https://doi.org/10.5465/AMPROC.2023.17335abstract

JYU authors or editors

Publication details

All authors or editors: Von Bonsdorff, Monika; Rönkkö, Mikko; Mansikkamäki, Susanna Reetta Emilia

Parent publication: Annual Meeting Proceedings : Boston 2023

Parent publication editors: Taneja, Sonia

Conference:

Place and date of conference: Boston, USA, 4.-8.8.2023

Journal or series: Academy of Management Annual Meeting Proceedings

ISSN: 0065-0668

eISSN: 2151-6561

Publication year: 2023

Publication date: 24/07/2023

Number in series: 2023

Volume: 2023

Issue number: 1

Pages range: -

Publisher: Academy of Management

Publication country: United States

Publication language: English

DOI: https://doi.org/10.5465/AMPROC.2023.17335abstract

Publication open access: Not open

Publication channel open access: 

Abstract

Entrepreneurs exit their firms for various reasons. For aging entrepreneurs, exiting during late career may be linked to a decline in resources and bring about uncertainty. In the present study, we draw on the job-demand resources model as we examine work ability and the role of life satisfaction in the later career exit phase. Using empirical data from 198 Finnish small business owner-managers who intended to retire within two years from an entrepreneurial career, and employed at least one person in addition to themselves, we found a negative relationship between perceived work ability and company exit. Furthermore, we found that for those small business owners, who reported low or average satisfaction with life, the association between work ability and exit is stronger. Our ?ndings highlight the importance and complexity of the entrepreneur’s late career exit and retirement phase of the life course, as well as the role of work ability and general life satisfaction as a job-resource factor in aging small business owner’s exit.

Keywords: entrepreneurs; small-scale entrepreneurs; ageing; retirement; work ability; work satisfaction

Contributing organizations

Ministry reporting: Won't be reported