IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-2-494069-99-2_15.html

Business Closure and Kubler-Ross’ Five Stages of Grief: A Conceptual Framework

In: Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022)

Author

Listed:
  • Hong-Leong Teh

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Shwu-Shing Ng

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Yong-Hooi Lim

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Tun-Pin Chong

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

  • Yen-San Yip

    (Universiti Tunku Abdul Rahman, Faculty of Business and Finance)

Abstract

The COVID-19 pandemic has caused many businesses to experience failure and close down. However, there are a lack of studies that examine how business owners experience the five stages of grief as their business venture fails and is forced to close. The current study therefore proposes a conceptual framework that examines how business owners experience five stages of grief namely: denial, anger, bargaining, depression, and acceptance when their business venture fails. Insight is provided into the complex relationship between a business owner’s emotional state and a failed venture. The proposed framework posits that business closure causes business owners to experience all five stages in line with the Kubler-Ross model.

Suggested Citation

  • Hong-Leong Teh & Shwu-Shing Ng & Yong-Hooi Lim & Tun-Pin Chong & Yen-San Yip, 2023. "Business Closure and Kubler-Ross’ Five Stages of Grief: A Conceptual Framework," Advances in Economics, Business and Management Research, in: Fanyu Chen & Keng Soon William Choo & Voon Hsien Lee & Chooi Yi Wei (ed.), Proceedings of the 10th International Conference on Business, Accounting, Finance and Economics (BAFE 2022), pages 172-176, Springer.
    • Handle: RePEc:spr:advbcp:978-2-494069-99-2_15
    DOI: 10.2991/978-2-494069-99-2_15
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;

    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:spr:advbcp:978-2-494069-99-2_15. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.