Towards the identification of critical stages in the failure path : a longitudinal approach amongst Belgian SMEs ; Vers l'identification d'étapes critiques dans le processus de défaillance d'une entreprise : une approche longitudinale

During the last seven decades, business failure has been one of the most investigated topic in the accounting literature . However, most of this literature is focused either on a prediction perspective considered in a credit-risk management perspective or on a purely technical perspective allowing to test the ability of some new statistical or mathematical technique to correctly predict a potential failure (Morris, 1997). Simultaneously, relatively few attention has been paid to the identification of typical failure paths allowing to understand how a company may decline and allowing then to in... Mehr ...