Failing Concerns: Business Bankruptcy in Canada - ARCHIVED
Journals and periodicals: 61-525-X
Bankruptcy rates have been increasing in Canada. Almost half of the firms in Canada that go bankrupt do so primarily because of their own deficiencies rather than externally generated problems. They do not develop the basic internal strengths to survive. Overall weakness in management, combined with a lack of market for their product, cause these firms to fail.
This study suggests that the underlying factor contributing to financial difficulties is management failure rather than external factors associated with imperfect capital markets. Many bankrupt firms face problems in attaining financing in capital markets; but, it is the internal lack of managerial expertise in many of these firms that prevents exploration of different financing options.
Titles | Release date | More Information |
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Failing Concerns: Business Bankruptcy in Canada, 1997001 - ARCHIVED | April 1, 1998 | More information |
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Subjects
Keywords
- Analytical products
- Attitudes
- Bankruptcies
- Bookkeeping
- Business administration
- Business bankruptcies
- Business growth strategies
- Business plans
- Communications industries
- Competitiveness
- Construction industry
- Customers
- Downward trends
- Equity
- Finance companies
- Financial management
- Fraud
- Human resources
- Industrial innovations
- Insurance companies
- Investments
- Labour costs
- Labour disputes
- Legislation
- Marketing
- Production
- Productivity
- Questionnaires
- Real estate agencies
- Regional disparity
- Response rate
- Retailers
- Service sector
- Skills
- Technological change
- Transport industries
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