Reference : Business failure prevention : a state of the art

	Document type :	Scientific congresses and symposiums : Paper published in a journal
	Discipline(s) :	Business & economic sciences : Accounting & auditing
	To cite this reference:	http://hdl.handle.net/2268/30309

Title :	Business failure prevention : a state of the art
Language :	English
Alternative title :	[fr] La prévention des faillites d'entreprises : un état de la littérature
Author, co-author :	Crutzen, Nathalie [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Diagnostic et contrôle de l'entreprise >]
	Van Caillie, Didier [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Diagnostic et contrôle de l'entreprise - Centre d'Etude de la Performance des Entreprises (C.E.P.E.) >]
Publication date :	2007
Journal title :	Cahier de recherche / Working Papers de HEC Ecole de Gestion de l'Université de Liège
Volume :	2007
Special issue title :	2007/__
Peer reviewed :	No
On invitation :	No
Audience :	International
Keywords :	[en] Business failure ; Prevention ; State of the art
Abstract :	[en] Research related to the prevention of business failure is surveyed in this paper. More specifically, the evolution of the accounting literature on business failure from a predictive to a preventive perspective is explained. After a clarification of the concept of business failure prevention, the main features of representative studies are presented and analysed. These studies are compared in terms of dynamics of the results proposed, of failure stage(s) studied, of conceptual approach privileged, of research object and of methodology used to obtain results. A typology of the research on business failure prevention is then proposed on the basis of two pertinent differentiating criteria: the dynamics of the contributions and the failure stage(s) taken into consideration. This paper finally stresses current limitations of business failure prevention literature, particularly the need for a consensus on how and why firms fail and the lack of investigation about typical failure profiles and paths. Potentialities for future progress in the field are discussed at the end of the paper.
Research units :	Centre d'Etudes de la Performance des Entreprises - C.E.P.E.
Permalink :	http://hdl.handle.net/2268/30309

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