Reference : Towards a Taxonomy of Explanatory Failure Patterns for Small Firms: A Quantitative Resea...
Scientific journals : Article
Business & economic sciences : Accounting & auditing
http://hdl.handle.net/2268/75694
Towards a Taxonomy of Explanatory Failure Patterns for Small Firms: A Quantitative Research
English
[en] Vers une taxonomie de profils explicatifs de faillite parmi les petites entreprises : une approche quantitative
Crutzen, Nathalie mailto [Université de Liège - ULg > HEC-Ecole de gestion de l'ULg : UER > Diagnostic et contrôle de l'entreprise >]
Van Caillie, Didier mailto [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.) >]
Dec-2010
Review of Business and Economics
Acco
Yes
International
2031-1761
Leuven
Belgium
[en] failure paths ; taxonomy ; failing firms ; Business Failure ; SMEs ; quantitative analysis ; prédiction de faillite ; PME ; prévention de faillite
[fr] trajectoire de faillite ; profils ; petite entreprise
[en] 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 (Julien, 2005).
Considering these observations and on the basis of two complementary statistical analyses (Thiétart, 2003), this article identifies, among a sample of 208 small Belgian 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.
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
Centre d'Etudes de la Performance des Entreprises - C.E.P.E.
Researchers ; Professionals ; Students
http://hdl.handle.net/2268/75694

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