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See detailA Taxonomy of Distinctive Explanatory Business Failure Patterns amongst Small Firms : A Qualitative Approach
Crutzen, Nathalie ULg; Van Caillie, Didier ULg

in Cahier de Recherche du CEPE (2010, September)

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 or subsequent) 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 observation and on the basis of an abductive and qualitative analysis (Thiétart, 2003), this paper identifies, among a sample of 208 small distressed firms, a taxonomy of five explanatory business failure patterns, i.e. five homogenous groups of small firms on the basis of the reasons for their 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 amongst small businesses. [less ▲]

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