Failing Concerns: Business Bankruptcy in Canada
AbstractBankruptcy rates have been increasing in Canada. Almost half of the firms in Canada that go bankrupt do so primarily because of their own deficiencies rather than externally generated problems. They do not develop the basic internal strengths to survive. Overall weakness in management, combined with a lack of market for their product, cause these firms to fail. This study suggests that the underlying factor contributing to financial difficulties is management failure rather than external factors associated with imperfect capital markets. Many bankrupt firms face problems in attaining financing in capital markets; but, it is the internal lack of managerial expertise in many of these firms that prevents exploration of different financing options.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoThis book is provided by Statistics Canada, Economic Analysis Division in its series Failing Concerns: Business Bankruptcy in Canada with number stcb1e and published in 1998.
Business performance and ownership; Entry; exit; mergers and growth; Small and medium-sized businesses;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Petr Hanel, 2007.
"Skills required for innovation: A review of the literature,"
Cahiers de recherche
07-23, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke.
- Pierre Therrien & Petr Hanel, 2009. "Skills required for innovation: A review of the literature," Cahiers de recherche 09-16, Departement d'Economique de la Faculte d'administration à l'Universite de Sherbrooke.
- Timothy C. G. Fisher & Jocelyn Martel, 2003.
"The Effect of Bankruptcy Reform on the Number of Corporate Reorganization Proposals,"
Canadian Public Policy,
University of Toronto Press, vol. 29(3), pages 339-349, September.
- T. C.G. Fisher & J. Martel, 2000. "The Effect of Bankruptcy Reform on the Number of Corporate Reorganization Proposals," THEMA Working Papers 2000-46, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mark Brown).
If references are entirely missing, you can add them using this form.