References of "Crutzen, Nathalie"
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See detailLa faillite dans les PME
Crutzen, Nathalie ULg

Article for general public (2010)

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See detailTransmission de la PME et diagnostic de performance : un lien indissociable
Van Caillie, Didier ULg; Crutzen, Nathalie ULg

Scientific conference (2010, June 11)

Cette conférence met en lumière les raisons pour lesquelles il est indispensable de réaliser très rapidement un diagnostic de performance lorsqu'une PME et son dirigeant entament les premières étapes du ... [more ▼]

Cette conférence met en lumière les raisons pour lesquelles il est indispensable de réaliser très rapidement un diagnostic de performance lorsqu'une PME et son dirigeant entament les premières étapes du processus de transmission. Une méthodologie de réalisation est ensuite proposée, de même qu'une série de recommandations conduisant à identifier des profils-idéaux de repreneurs en fonction du résultat du diagnostic de performance réalisé. [less ▲]

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See detailThe origins of small business failure : A Taxonomy of Five Explanatory Business Failure Patterns
Crutzen, Nathalie ULg

Conference (2010, June)

Whereas it is obvious that the failure process can vary from one firm to another (Argenti, 1976; D'Aveni, 1989; Laitinen, 1991), to date, few researchers have worked on the detection of several ... [more ▼]

Whereas it is obvious that the failure process can vary from one firm to another (Argenti, 1976; D'Aveni, 1989; Laitinen, 1991), to date, few researchers have worked on the detection of several explanatory failure patterns. In addition, none of the reviewed research really focuses on small firms while their failure is important and particular (Haswell and Holmes, 1989). Considering these observations and on the basis of two complementary statistical analyses (Thiétart, 2003), this paper identifies, among a sample of 208 small distressed firms, a taxonomy of five explanatory business failure patterns, i.e. five homogeneous groups of small firms on the basis of the reasons for their failure. These five patterns are the following ones : shocked firms (1), firms serving other interests (2), apathetic firms (3), firms that fail after a punctual managerial error (4) and badly-managed firms (5). The results of this paper are consistent with previous literature but they shed new lights on the understanding of the reasons for small business failure. As the detection of the fundamental explanatory failure factors is the basis of failure prevention (Argenti, 1976), the identification of these patterns is of crucial importance for a better understanding and for a better prevention of this phenomenon. [less ▲]

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See detailPoor managerial competences: three typical failure patterns for small firms
Crutzen, Nathalie ULg; Van Caillie, Didier ULg

Conference (2010, May 10)

After an in-depth review of the scientific literature dedicated to (small) business failure causes (Crutzen and Van Caillie, 2008), it comes out that mismanagement is, by far, the failure cause which is ... [more ▼]

After an in-depth review of the scientific literature dedicated to (small) business failure causes (Crutzen and Van Caillie, 2008), it comes out that mismanagement is, by far, the failure cause which is the most commonly evoked by previous researchers (Argenti, 1976; Wichman, 1983; Newton, 1985; O'Neill and Duker, 1986; Thornhill and Amit, 2003). Nevertheless, the concept of « mismanagement » is relatively vague and large (Bruno et al., 1987; Sheldon, 1994). It is thus now necessary to clarify it if one wants to better understand the causes of small business failure and, in fine, to better prevent this phenomenon (Argenti, 1976). In particular, it is essential to distinguish between the main categories of managerial problems small businesses can be faced to in order to be able to better anticipate their failure (thanks to adequate trainings, for example) and in order to propose adequate remedies to specific managerial problems small distressed firms are confronted to. In this context, the current article identifies, on the basis of two complementary statistical analyses, three specific patterns for badly-managed firms, amongst a sample of 91 small distressed firms. [less ▲]

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See detailL’empreinte sociétale : Contexte, définition et enjeux
Crutzen, Nathalie ULg

Conference given outside the academic context (2010)

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See detailModélisation d'un outil d'accompagnement des entrepreneurs pour prévenir la défaillance des Petites et Moyennes Entreprises : Une approche par les ressources
Crutzen, Nathalie ULg; Van Caillie, Didier ULg

Report (2010)

This paper discusses theoretically the interest of an accompanying tool allowing to avoid business failure amongst SMEs. Based upon previous researches on the "Why ?" and "Hows" small businesses fail and ... [more ▼]

This paper discusses theoretically the interest of an accompanying tool allowing to avoid business failure amongst SMEs. Based upon previous researches on the "Why ?" and "Hows" small businesses fail and on a resources-based view of the small firm, it proposes a structured tool that, by intergrating both audit procedures and tips, would sustain consultants and Public Organizations in assisting entrepreneurs in small firms. [less ▲]

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See detailFailure patterns amongst small firms and their financial symptoms : A test of hypotheses
Crutzen, Nathalie ULg; Van Caillie, Didier ULg

in Proceedings of the 33rd Annual Congress of the European Accounting Asssociation (2010, May)

Financial indicators have been widely used in the business failure literature in order to predict the risk of failure of firms (Beaver, 1966; Altman, 1968; Barnes, 1987; Aziz et al., 1988). In contrast ... [more ▼]

Financial indicators have been widely used in the business failure literature in order to predict the risk of failure of firms (Beaver, 1966; Altman, 1968; Barnes, 1987; Aziz et al., 1988). In contrast, financial ratios have been less commonly used in a more preventive perspective to failure (Van Wymeersch and Wolfs, 1996; Van Caillie, 2000; Balcaen and Ooghe, 2006). Nevertheless, in a preventive perspective to small business failure, it is important to better understand how financial symptoms combine over time (Ooghe and Van Wymeersch, 1986) and to identify if relationships can be traced between the fundamental causes of failure and specific financial indicators. Considering this last statement and with reference to the explanatory business failure patterns (EBFPs) identified by Crutzen (2009) amongst a sample of small firms, this paper tests a series of hypotheses which aim at determining if these (causal) patterns can be associated with some specific financial indicators and, if so, if small distressed firms can be associated to one particular EBFP on the basis of the financial information published in the annual accounts. If each EBFP leads to some specific financial symptoms, then it will be possible to get a proxy information about the fundamental problems inducing failure without having any access to internal information, this identification being considered as a crucial step in the elaboration of any recovery or takeover plan (Argenti, 1976; Gaskill et al., 1993). [less ▲]

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See detailDéveloppement Durable : L'empreinte sociale
Pans, Michèle; Crutzen, Nathalie ULg

Article for general public (2010)

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See detailLes causes de défaillance des jeunes entreprises : Une typologie de profils expliquant la défaillance des petites entreprises au cours des premières années de leur création
Crutzen, Nathalie ULg

Report (2010)

L'objectif de cette étude est de mettre en évidence les causes de la défaillance des petites entreprises de moins de 5 ans et de les organiser en une série de profils-types expliquant la défaillance de ce ... [more ▼]

L'objectif de cette étude est de mettre en évidence les causes de la défaillance des petites entreprises de moins de 5 ans et de les organiser en une série de profils-types expliquant la défaillance de ce type d'entreprises. En effet, lors d'un examen approfondi des recherches précédentes sur le sujet (Crutzen et Van Caillie, 2008, Crutzen, 2009), nous n'avons identifié aucune étude (scientifique) qui met en évidence ce type de résultats. [less ▲]

Detailed reference viewed: 214 (13 ULg)
See detailEssays on the Prevention of Small Business Failure : Taxonomy and Validation of Five Explanatory Business Failure Patterns (EBPFs)
Crutzen, Nathalie ULg

in Crutzen, Nathalie; Molly, Vincent; Rodeyns, Aurélie (Eds.) et al CeFiP-KeFiK Academic Awards 2009 (2010)

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See detailL'empreinte sociétale : un nouvel indicateur de développement durable
Crutzen, Nathalie ULg

Scientific conference (2009, December 17)

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See detailComment mieux prévenir les petites entreprises de la défaillance
Crutzen, Nathalie ULg

Article for general public (2009)

Detailed reference viewed: 45 (8 ULg)
See detailComment mieux prévenir les petites entreprises de la défaillance
Crutzen, Nathalie ULg

Article for general public (2009)

Detailed reference viewed: 64 (10 ULg)
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See detailVers une taxonomie des profils d'entrée dans un processus de défaillance : un focus sur les micros et petites entreprises en difficulté
Crutzen, Nathalie ULg; Van Caillie, Didier ULg

in Revue Internationale P.M.E. (2009), 22/1

Previous literature on business failure demonstrates the failure process varies from one failing firm to another. In particular, Argenti (1976) and Laitinen (1991) argue all firms do not enter in a ... [more ▼]

Previous literature on business failure demonstrates the failure process varies from one failing firm to another. In particular, Argenti (1976) and Laitinen (1991) argue all firms do not enter in a failure process for the same reasons. Nevertheless, despite this theoretical affirmation, few researches propose a taxonomy (or a typology)1 that differentiates several typical “entry doors” in a failure process. Moreover, none of them really focuses on micro and small firms while the literature argues their failure is specific and very common (Julien, 2005). Considering these gaps in the literature and on the basis of an inductive and qualitative analysis, this article proposes an original contribution. Focused on micro and small distressed firms, it presents a taxonomy that highlights seven specific “entry doors” in a failure process. [less ▲]

Detailed reference viewed: 389 (48 ULg)
See detailEssays on the Prevention of Small Business Failure : Taxonomy and Validation of Five Explanatory Business Failure Patterns (EBPFs)
Crutzen, Nathalie ULg

Book published by Editions de l'Université de Liège (2009)

Detailed reference viewed: 49 (5 ULg)
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See detailModéliser les défaillances des PME
Crutzen, Nathalie ULg

Article for general public (2009)

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Peer Reviewed
See detailComment réussir quand on a fait faillite
Crutzen, Nathalie ULg

Article for general public (2009)

Detailed reference viewed: 59 (17 ULg)