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Corporate Failure: Causes and Remedies

Author

Listed:
  • David O. Mbat
  • Eyo I. Eyo

Abstract

Corporate failure is of very important interest to economic, financial and corporate managers. Corporate failure could be seen in terms of the inability of a corporate organization to conform itself with its strategic path of growth and development to attain its economic and financial objectives as well as legal obligations. This paper has considered the factors that can cause corporate failure and its attendant inability to attain these objectives. Corporate organizations have been advised to establish research and development departments to continuously monitor their performance and to introduce effective ways by which they could satisfy their consumers and service their operating environments to effectively continue as going concerns.

Suggested Citation

  • David O. Mbat & Eyo I. Eyo, 2013. "Corporate Failure: Causes and Remedies," Business and Management Research, Business and Management Research, Sciedu Press, vol. 2(4), pages 19-24, December.
    • Handle: RePEc:jfr:bmr111:v:2:y:2013:i:4:p:19-24
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    References listed on IDEAS

    as
    1. A. Bhattacharjee & Higson, C. & Holly, S. & Kattuman, P., 2002. "Macro Economic Instability and Business Exit: Determinants of Failures and Acquisitions of Large UK Firms," Cambridge Working Papers in Economics 0206, Faculty of Economics, University of Cambridge.
    2. Megginson, William L & Nash, Robert C & van Randenborgh, Matthias, 1994. "The Financial and Operating Performance of Newly Privatized Firms: An International Empirical Analysis," Journal of Finance, American Finance Association, vol. 49(2), pages 403-452, June.
    3. Robson, Martin T, 1996. "Macroeconomic Factors in the Birth and Death of U.K. Firms: Evidence from Quarterly VAT Registrations," The Manchester School of Economic & Social Studies, University of Manchester, vol. 64(2), pages 170-188, June.
    4. Hopenhayn, Hugo A, 1992. "Entry, Exit, and Firm Dynamics in Long Run Equilibrium," Econometrica, Econometric Society, vol. 60(5), pages 1127-1150, September.
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    More about this item

    JEL classification:

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

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