IDEAS home Printed from https://ideas.repec.org/a/ibn/ijbmjn/v14y2021i5p21.html
   My bibliography  Save this article

Reviewing Corporate Crises: A Strategic Management Perspective

Author

Listed:
  • Gianpaolo Abatecola

Abstract

How can be crises classified? What does the term “corporate crisis” mean? Corporate crises have always been a topic of tremendous interest for both the research in and practice of strategic management at an international level. Attention has been given to elaborating appropriate interpretative conceptualizations, together with implementing effective and efficient predicting and countervailing models. To date, scholars have seemingly reached consensus as to the meaning of crises. Conversely, identifying determinants and temporal dynamics still seems to be a lively question to address. This is why in this article we critically review the state of the art on the topic, from which we derive some important implications for the present and future research and practice in the strategic management field.

Suggested Citation

  • Gianpaolo Abatecola, 2021. "Reviewing Corporate Crises: A Strategic Management Perspective," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(5), pages 1-21, July.
    • Handle: RePEc:ibn:ijbmjn:v:14:y:2021:i:5:p:21
    as

    Download full text from publisher

    File URL: http://www.ccsenet.org/journal/index.php/ijbm/article/download/0/0/39178/39984
    Download Restriction: no
    File URL: http://www.ccsenet.org/journal/index.php/ijbm/article/view/0/39178
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lee, Seung-Hyun & Yamakawa, Yasuhiro & Peng, Mike W. & Barney, Jay B., 2011. "How do bankruptcy laws affect entrepreneurship development around the world?," Journal of Business Venturing, Elsevier, vol. 26(5), pages 505-520, September.
    2. Michael E. Porter, 1992. "Capital Choices: Changing The Way America Invests In Industry," Journal of Applied Corporate Finance, Morgan Stanley, vol. 5(2), pages 4-16, June.
    3. Achim Schmitt & Sebastian Raisch, 2013. "Corporate Turnarounds: The Duality of Retrenchment and Recovery," Journal of Management Studies, Wiley Blackwell, vol. 50(7), pages 1216-1244, November.
    4. J. L. Morrow & David G. Sirmon & Michael A. Hitt & Tim R. Holcomb, 2007. "Creating value in the face of declining performance: firm strategies and organizational recovery," Strategic Management Journal, Wiley Blackwell, vol. 28(3), pages 271-283, March.
    5. Annetta Fortune & Will Mitchell, 2012. "Unpacking Firm Exit at the Firm and Industry Levels: The Adaptation and Selection of Firm Capabilities," Strategic Management Journal, Wiley Blackwell, vol. 33(7), pages 794-819, July.
    6. Ruchi Agarwal, 2018. "A multiple perspective view to rampant fraudulent culture in the Indian insurance industry," International Journal of Indian Culture and Business Management, Inderscience Enterprises Ltd, vol. 16(4), pages 416-437.
    7. Chanchai Tangpong & Michael Abebe & Zonghui Li, 2015. "A Temporal Approach to Retrenchment and Successful Turnaround in Declining Firms," Journal of Management Studies, Wiley Blackwell, vol. 52(5), pages 647-677, July.
    8. Caputo, Andrea, 2016. "Overcoming judgmental biases in negotiations: A scenario-based survey analysis on third party direct intervention," Journal of Business Research, Elsevier, vol. 69(10), pages 4304-4312.
    9. Paul Shrivastava & Ian I. Mitroff & Danny Miller & Anil Miclani, 1988. "Understanding Industrial Crises[1]," Journal of Management Studies, Wiley Blackwell, vol. 25(4), pages 285-303, July.
    10. Ruchi Agarwal & Sanjay Kallapur, 2018. "Cognitive risk culture and advanced roles of actors in risk governance: a case study," Journal of Risk Finance, Emerald Group Publishing Limited, vol. 19(4), pages 327-342, August.
    11. Dermot Breslin, 2016. "What evolves in organizational co-evolution?," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 20(1), pages 45-67, March.
    12. Roberto Cafferata, 2016. "Darwinist connections between the systemness of social organizations and their evolution," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 20(1), pages 19-44, March.
    13. Karl E. Weick, 1988. "Enacted Sensemaking In Crisis Situations[1]," Journal of Management Studies, Wiley Blackwell, vol. 25(4), pages 305-317, July.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gianpaolo Abatecola, 2021. "Prioritizing Short-Termism in Behavioural Strategy: Lessons from Enron – 20 Years On," International Journal of Business and Management, Canadian Center of Science and Education, vol. 14(4), pages 1-60, July.
    2. Jose L. Barbero & Alicia Ramos & Catherine Chiang, 2017. "Restructuring in dynamic environments: a dynamic capabilities perspective," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(4), pages 593-615.
    3. Gianpaolo Abatecola & Matteo Cristofaro, 2019. "Ingredients of Sustainable CEO Behaviour: Theory and Practice," Sustainability, MDPI, vol. 11(7), pages 1-15, April.
    4. Linden, Erik, 2021. "Pandemics and environmental shocks: What aviation managers should learn from COVID-19 for long-term planning," Journal of Air Transport Management, Elsevier, vol. 90(C).
    5. Kettunen, Jukka & Martikainen, Minna & Voulgaris, Georgios, 2021. "Employment policies in private loss firms: Return to profitability and the role of family CEOs," Journal of Business Research, Elsevier, vol. 135(C), pages 373-390.
    6. K.S. Reddy & En Xie & Yuanyuan Huang, 2016. "Contractual buyout - a legitimate growth model in the enterprise development: foundations and implications," International Journal of Management and Enterprise Development, Inderscience Enterprises Ltd, vol. 15(1), pages 1-23.
    7. Laffranchini, Giacomo & Hadjimarcou, John & Kim, Si Hyun, 2022. "The first turnaround response of family firms in a crisis situation," Journal of Family Business Strategy, Elsevier, vol. 13(1).
    8. Gianpaolo Abatecola & Matteo Cristofaro & Federico Giannetti & Johan Kask, 2022. "How can biases affect entrepreneurial decision making? toward a behavioral approach to unicorns," International Entrepreneurship and Management Journal, Springer, vol. 18(2), pages 693-711, June.
    9. Charis Vlados & Dimos Chatzinikolaou, 2020. "Methodological Redirections for an Evolutionary Approach of the External Business Environment," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 9(2), pages 1-25, March.
    10. Lars Schweizer & Andreas Nienhaus, 2017. "Corporate distress and turnaround: integrating the literature and directing future research," Business Research, Springer;German Academic Association for Business Research, vol. 10(1), pages 3-47, June.
    11. Manuel Rico & Naresh R. Pandit & Francisco Puig, 2021. "SME insolvency, bankruptcy, and survival: an examination of retrenchment strategies," Small Business Economics, Springer, vol. 57(1), pages 111-126, June.
    12. Merendino, Alessandro & Sarens, Gerrit, 2020. "Crisis? What crisis? Exploring the cognitive constraints on boards of directors in times of uncertainty," Journal of Business Research, Elsevier, vol. 118(C), pages 415-430.
    13. Giacomo Laffranchini & John S Hadjimarcou & Si Hyun Kim, 2020. "The Impact of Socioemotional Wealth on Decline-Stemming Strategies of Family Firms," Entrepreneurship Theory and Practice, , vol. 44(2), pages 185-210, March.
    14. Abatecola, Gianpaolo & Breslin, Dermot & Kask, Johan, 2020. "Do organizations really co-evolve? Problematizing co-evolutionary change in management and organization studies," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    15. Sakakibara, Mariko, 1997. "Evaluating government-sponsored R&D consortia in Japan: who benefits and how?," Research Policy, Elsevier, vol. 26(4-5), pages 447-473, December.
    16. Danielsson, Erna & Nyhlén, Jon & Olausson, Pär M., 2020. "Strategic planning for power shortages," Energy Policy, Elsevier, vol. 137(C).
    17. Emmanuelle Reuter, 2022. "Hybrid business models in the sharing economy: The role of business model design for managing the environmental paradox," Business Strategy and the Environment, Wiley Blackwell, vol. 31(2), pages 603-618, February.
    18. Mike W. Peng & Wei Sun & Cristina Vlas & Alessandro Minichilli & Guido Corbetta, 2018. "An Institution-Based View of Large Family Firms: A Recap and Overview," Entrepreneurship Theory and Practice, , vol. 42(2), pages 187-205, March.
    19. Collins, Jamie D. & Holcomb, Tim R. & Certo, S. Trevis & Hitt, Michael A. & Lester, Richard H., 2009. "Learning by doing: Cross-border mergers and acquisitions," Journal of Business Research, Elsevier, vol. 62(12), pages 1329-1334, December.
    20. Francesco Quatraro & Marco Vivarelli, 2015. "Drivers of Entrepreneurship and Post-entry Performance of Newborn Firms in Developing Countries," The World Bank Research Observer, World Bank, vol. 30(2), pages 277-305.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:ijbmjn:v:14:y:2021:i:5:p:21. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.