Firm Growth, Industry Growth and Business Failure
Four business failure pathways based on firm and industry growth are described and studied: market deterioration, market maladaptation, fight for market share, and loss of control. Firms with growing sales increased assets and debt and declined more rapidly than firms with declining sales. Firm effe...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1988
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3843 https://doi.org/10.5465/AMBPP.1988.4979632 |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | Four business failure pathways based on firm and industry growth are described and studied: market deterioration, market maladaptation, fight for market share, and loss of control. Firms with growing sales increased assets and debt and declined more rapidly than firms with declining sales. Firm effects dominated industry effects. |
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