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Failing Concerns: Business Bankruptcy in Canada

Contents:

Author Info

  • Baldwin, John R.

Abstract

Bankruptcy 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.

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File URL: http://www5.statcan.gc.ca/olc-cel/olc.action?ObjId=61-525-X&ObjType=2&lang=en&limit=0
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Bibliographic Info

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This book is provided by Statistics Canada, Economic Analysis in its series Failing Concerns: Business Bankruptcy in Canada with number stcb1e and published in 1998.

Handle: RePEc:stc:stcb1e:stcb1e

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Postal: Tunney's Pasture, Ottawa, Ontario, K1A 0T6
Web page: http://www.statcan.gc.ca
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Related research

Keywords: Business performance and ownership; Entry; exit; mergers and growth; Small and medium-sized businesses;

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Cited by:
  1. 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.
  2. 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.

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