English, Article, Journal or magazine article edition: Learning from Failure: Organizational Mortality and the Resource-based View Thornhill, Stewart; Amit, Raphael

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Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Learning from Failure: Organizational Mortality and the Resource-based View
Author
  • Thornhill, Stewart
  • Amit, Raphael
Physical Description
  • preprint
Notes
  • This paper examines the factors underlying firm failure, and compares the failure mechanisms for young firms against those of older organizations. This paper suggests that there are systematic differences between the determinants of firm failure for firms that fail early in life and those that fail after having successfully negotiated the early liabilities of newness and adolescence. Data from 339 Canadian corporate bankruptcies confirm that younger firms fail because of inadequacies in managerial knowledge and financial management abilities. On the other hand, older firms are more likely to fail because of an inability to adapt to environmental change.
  • Business performance and ownership, Labour, Financial statements and performance, Entry, exit, mergers and growth, Workplace organization, innovation, performance, Small and medium-sized businesses
  • RePEc:stc:stcp3e:2003202e
Language
  • English
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