Firm Growth, Industry Growth and Business Failure

• Main Authors: Thomas, Howard, Moulton, W.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 1988
• Subjects: Business and Corporate Communications; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/3843; https://doi.org/10.5465/AMBPP.1988.4979632
• Institution: Singapore Management University

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...