Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/146814
Authors: 
Lavratto, Nadine
Year of Publication: 
2013
Citation: 
[Journal:] Journal of Innovation and Entrepreneurship [ISSN:] 2192-5372 [Volume:] 2 [Year:] 2013 [Pages:] 1-15
Abstract: 
Prior to being a simple concept, the entrepreneurial failure is a multidimensional phenomenon. To contribute to its comprehension, this paper proposes to develop a synthetic vision of failure in order to escape a behavioral and partial approach from the phenomenon while taking account of the context, the characteristics of the company, and the profile of the entrepreneur. We point out the various theories which insist upon the crucial role of the context and underline the relationships between the performance (or failure) of companies and some environmental variables. We also introduce a dynamic view of insolvency which, instead of being a clear-cut situation is better handled as a process. As a key element taken into account by potential creditors to make their decision, the final section proposes a survey of the different methods used to forecast this event.
Subjects: 
Corporate bankruptcy
Insolvency
Exit
Failure
JEL: 
K22
K23
L2
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by/2.0/
Document Type: 
Article

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