Article (Scientific journals)
Towards a Taxonomy of Explanatory Failure Patterns for Small Firms: A Quantitative Research
Crutzen, Nathalie; Van Caillie, Didier
2010In Review of Business and Economics, 55 (4), p. 438-463
Peer reviewed
 

Files


Full Text
RBE - Paper - Nov 2010.pdf
Author preprint (230.21 kB)
Request a copy
Annexes
RBE - Appendix 1- Nov 2010.pdf
Publisher postprint (77.53 kB)
Request a copy
RBE - Tables and Figures - Nov 2010.pdf
Publisher postprint (302.76 kB)
Request a copy

All documents in ORBi are protected by a user license.

Send to



Details



Keywords :
failure paths; taxonomy; failing firms; Business Failure; SMEs; quantitative analysis; prédiction de faillite; PME; prévention de faillite; trajectoire de faillite; profils; petite entreprise
Abstract :
[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
Research center :
CEPE - Centre d'Études de la Performance des Entreprises - ULiège
Disciplines :
Accounting & auditing
Author, co-author :
Crutzen, Nathalie  ;  Université de Liège - ULiège > HEC-Ecole de gestion : UER > Diagnostic et contrôle de l'entreprise
Van Caillie, Didier  ;  Université de Liège - ULiège > HEC-Ecole de gestion : UER > Diagnostic et contrôle de l'entreprise - Centre d'Etude de la Performance des Entreprises (C.E.P.E.)
Language :
English
Title :
Towards a Taxonomy of Explanatory Failure Patterns for Small Firms: A Quantitative Research
Alternative titles :
[en] Vers une taxonomie de profils explicatifs de faillite parmi les petites entreprises : une approche quantitative
Publication date :
December 2010
Journal title :
Review of Business and Economics
eISSN :
2031-1761
Publisher :
Acco, Leuven, Belgium
Volume :
55
Issue :
4
Pages :
438-463
Peer reviewed :
Peer reviewed
Available on ORBi :
since 15 November 2010

Statistics


Number of views
377 (38 by ULiège)
Number of downloads
26 (14 by ULiège)

Bibliography


Similar publications



Contact ORBi