Table 11 Exit strategies employed by the respondents
Category | F | % |
|---|---|---|
Bankruptcy | 20 | 51.28 |
Initial Public Offering (IPO) | 3 | 7.69 |
Hiring management | 2 | 5.13 |
Refinancing | 6 | 15.38 |
Liquidation | 1 | 2.56 |
Sell the business to family or friend | 5 | 12.82 |
Ownership is passed to the successor | 2 | 5.13 |
Total | 39 | 100.00 |