What do we really mean when we talk about ‘exit’? A critical review of research on entrepreneurial exit

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Entrepreneurial Failure: A Synthesis and Conceptual Framework of its Effects (2020, background): “However, in contrast to direct effects, the occurrence of indirect effects is uncertain (Wennberg and DeTienne, 2014) and unpredictable, because the individuals’ reaction to failures varies substantially (Jenkins et al., 2014; Yamakawa and Cardon, 2015).”
To Merge, Sell, or Liquidate? Socioemotional Wealth, Family Control, and the Choice of Business Exit (2019, unknown): “Given this central focus, research has considered a variety of antecedents that underlie the decision to persist or to exit a business (for a review, see Wennberg & DeTienne, 2014).”
Failure or voluntary exit? Reassessing the female underperformance hypothesis (2015, background): “Thus, exit is often viewed as failure and a negative outcome, while survival and continuation are viewed as successful outcomes (Wennberg and DeTienne, 2014).”
Making sense of entrepreneurial exit strategies: A typology and test (2015, background): “In addition, in their critical review of entrepreneurial exit research, Wennberg and DeTienne (2014) identify exit strategies as one of the four key research issues for the next decade.”