The failure processes and their relation to the business interruption moment

Inmaculada Jimeno-García, María Araceli Rodríguez-Merayo and María Arantzazu Vidal-Blasco

International Journal of Managerial and Financial Accounting, 2017, vol. 9, issue 1, 68-83

Abstract: This paper focuses on the investigation of business failure processes. We consider business failure as a process. We have set two objectives. The first objective is to detect and describe different processes of failure between sample failed companies, as already has been done in previous literature. The second objective is to study the relation between the process that follows a failed company and its final and irreversible situation of business failure. This final situation can be one of the following: to be declared insolvent or in dissolution. In conclusion, on the one hand, we observed that the variables selected permit us to distinguish between different failure processes and, on the other hand, it is found that there is no relation between the failure process and the companies' final situations.

Keywords: bankruptcy; business failure; business interruption; failure process; financial ratios; interruption moment; ratios. (search for similar items in EconPapers)
Date: 2017
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