Business Closure and Kubler-Ross’ Five Stages of Grief: A Conceptual Framework

Hong-Leong Teh (), Shwu-Shing Ng (), Yong-Hooi Lim (), Tun-Pin Chong () and Yen-San Yip ()
Additional contact information
Hong-Leong Teh: Universiti Tunku Abdul Rahman, Faculty of Business and Finance
Shwu-Shing Ng: Universiti Tunku Abdul Rahman, Faculty of Business and Finance
Yong-Hooi Lim: Universiti Tunku Abdul Rahman, Faculty of Business and Finance
Tun-Pin Chong: Universiti Tunku Abdul Rahman, Faculty of Business and Finance
Yen-San Yip: Universiti Tunku Abdul Rahman, Faculty of Business and Finance

A chapter in Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022), 2023, pp 172-176 from Springer

Abstract: Abstract The COVID-19 pandemic has caused many businesses to experience failure and close down. However, there are a lack of studies that examine how business owners experience the five stages of grief as their business venture fails and is forced to close. The current study therefore proposes a conceptual framework that examines how business owners experience five stages of grief namely: denial, anger, bargaining, depression, and acceptance when their business venture fails. Insight is provided into the complex relationship between a business owner’s emotional state and a failed venture. The proposed framework posits that business closure causes business owners to experience all five stages in line with the Kubler-Ross model.

Keywords: Kubler-Ross; Grief; Business closure (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-2-494069-99-2_15

Ordering information: This item can be ordered from
http://www.springer.com/9782494069992

DOI: 10.2991/978-2-494069-99-2_15

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().