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Failing Concerns: Business Bankruptcy in Canada

Author

Listed:
  • 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.

Suggested Citation

  • Baldwin, John R., 1998. "Failing Concerns: Business Bankruptcy in Canada," Failing Concerns: Business Bankruptcy in Canada, Statistics Canada, Economic Analysis Division, number stcb1e, February.
  • Handle: RePEc:stc:stcb1e:stcb1e
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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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    Citations

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    Cited by:

    1. Petr Hanel, 2007. "Skills required for innovation: A review of the literature," Cahiers de recherche 07-23, Departement d'Economique de l'École de gestion à l'Université de Sherbrooke.
    2. 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.

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