Search results for "Business failure"
showing 10 items of 10 documents
Hacia una ordenación de las pequeñas empresas atendiendo a su posible situación de fracaso
2021
En la literatura contable son muchos los trabajos que han intentado explicar el posible fracaso empresarial a partir de la información contable y poner de manifiesto la relación entre dicha información y la situación de fracaso. Sin embargo, los resultados obtenidos hasta ahora no son definitivos, en cuanto no existe un mínimo común en todos ellos que permita modelizar el comportamiento de dicho fracaso. Este trabajo pretende constatar, mediante la definición de un indicador en el que intervengan una gran batería de ratios contables, que efectivamente la información contable ofrece pistas sobre el posible fracaso de la empresa. Al canalizar toda la información de los ratios contables a trav…
Estudio de la insolvencia empresarial en las cooperativas mediante técnicas multivariantes
2020
One of the consequences of the current economic crisis is a significant rise in business failures, which is fueling the interest of researchers and users for its analysis, review and update of the traditional models.In reviewing the financial literature on business failure in our country, we noticed that the are very few studies focusing exclusively on cooperative enterprises, although this kind of companies have a broad presence in our country. This significant lack of studies on this kind of business, the recent availability of large databases and the current economic circumstances have influenced us to undertake this work. The main paper objective focuses on the estimation of appropriate…
Validez de la información financiera en los procesos de insolvencia. Un estudio de la pequeña empresa española
2013
ResumenEn este trabajo nos proponemos un doble objetivo. Por un lado planteamos la posibilidad de que la presente crisis haya afectado de forma desigual a la motivación por la que las empresas fracasan, y por otra parte, como segundo objetivo, pretendemos contrastar la validez de ciertos modelos de predicción en un contexto de fuerte variación provocado por la crisis económica actual.Para ello, inicialmente someteremos la información de 2 muestras de datos financieros de pequeñas empresas a diversas pruebas estadísticas que pongan de manifiesto la variación de la información contable en 2 escenarios: uno de inexistencia de crisis y otro ante la situación de crisis financiera actual. Después…
2017
We analyze historical and longitudinal research focusing on industry decline. Our analysis suggests that the literature’s general reliance on a few meta-theoretical arguments has important conseque...
Path Dependence and Paradox in Harmonizing Out-of-court Procedures across Europe. The Evidence from Italy
2018
This paper focuses on the impact that the ‘new approach to business failure’ has had on Italian out-of-court procedures. It will demonstrate that in 2005 Italian law started to embrace the rescue culture of out-of-court procedures by means of a series of reforms; initially, this movement facilitated the incorporation of the ‘new approach to business failure’, but – and this is the paradox – the more law makers and courts remove the old paradigms and introduce new ones, which in principle could make the procedures smoother, cheaper and more efficient, the more the law in the book and the law in action appear to be overloaded with additional prerequisites which make the procedures cumbersome…
Correction to: Engagement in entrepreneurship after business failure. Do formal institutions and culture matter?
2023
Despite the extensive literature on the relationship between entrepreneurship and institutions, there is limited knowledge of the relationship between institutions and engagement after failure. This study compares the entrepreneurial engagement of entrepreneurs who have recently experienced failure and individuals without entrepreneurial experience, emphasizing the interaction of government policies and programmes (formal institutions) and individualistic/collectivist cultures (informal institutions) with business failure and its impact on entrepreneurial engagement. We test our hypotheses using multilevel analysis on a large cross-sectional sample that combines individual-level data from t…
The influence of geographical concentration and structural characteristics on the survival chance of textile firms
2013
[EN] Purpose The purpose of this paper is to evaluate the contribution of location (geographical concentration) and firm structure (age and subsector) to the risk of business failure. Design/methodology/approach The Markov s regression analysis was made for a sample of over 11,700 Spanish textile-clothing firms. Findings The results obtained from the analysis suggest that the risk of business failure is increased by some risk factors relative to the structural characteristics of the firms (younger firms and specialization in low-tech activities), and under determined locational circumstances. Research limitations/implications Our conclusions have been obtained starting from a sample of manu…
Déterminants de la viabilité financière des PME
2020
To be interested in the survival of SME (small and medium-sized enterprises) is to question their ability to create rent and therefore their financial viability. Our panel study on French SMEs, between 2000 and 2018, shows that several factors play a different role in the annuity creation process. If the effectiveness of state governance seems to play a negative role, through the policies put in place, it turns out that debt plays a positive role in the wealth creation process of SME. Given the nature of the goods or service activities, the impact of suppliers and customers is different. In any case, SME in France suffer from a problem of generation renewal and transmission of knowledge whi…
Engagement in entrepreneurship after business failure. Do formal institutions and culture matter?
2023
AbstractDespite the extensive literature on the relationship between entrepreneurship and institutions, there is limited knowledge of the relationship between institutions and engagement after failure. This study compares the entrepreneurial engagement of entrepreneurs who have recently experienced failure and individuals without entrepreneurial experience, emphasizing the interaction of government policies and programmes (formal institutions) and individualistic/collectivist cultures (informal institutions) with business failure and its impact on entrepreneurial engagement. We test our hypotheses using multilevel analysis on a large cross-sectional sample that combines individual-level dat…
Thinking about industry decline : A qualitative meta-analysis and future research directions
2018
We analyze historical and longitudinal research focusing on industry decline. Our analysis suggests that the literature’s general reliance on a few meta-theoretical arguments has important consequences for how decline is framed and explained. We identify four meta-theoretical clusters in the literature: politics and market dynamics are seen as exogenous factors with deterministic features, whereas technology and management capabilities are framed as firm-internal failures with causally questionable explanations of how firm-level characteristics explain industry-level decline. We propose that it is important to understand the limitations of distinct meta-theoretical arguments for an enhanced…