Cotei, Carmen; Farhat, Joseph - In: The Journal of Entrepreneurial Finance (JEF) 26 (2024) 1, pp. 1-17
proven business model that carries less risk." Using the Kauffman Firm Survey, we examine the survival patterns and M&A exit …. Our study provides unique results on the likelihood of survival and M&A exit of franchises relative to other startups … is an M&A exit, the results show that franchises are 2.77 times more likely to exit via M&A than independent businesses …