Firm Growth, Industry Growth and Business Failure

Publication Type

Conference Proceeding Article

Publication Date

1988

Abstract

Four business failure pathways based on firm and industry growth are described and studied: market deterioration, market maladaptation, fight for market share, and loss of control. Firms with growing sales increased assets and debt and declined more rapidly than firms with declining sales. Firm effects dominated industry effects.

Discipline

Business and Corporate Communications | Strategic Management Policy

Research Areas

Strategy and Organisation

Publication

Academy of Management Proceedings

First Page

27

Last Page

31

ISSN

0065-0668

Identifier

10.5465/AMBPP.1988.4979632

Publisher

Academy of Management Journal

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