Abstract:
The term corporate failure entails discontinuation of company’s operations leading to inability to reap sufficient profit or revenue to pay the business expenses. It happens due to poor management, incompetence, and bad marketing strategies. Understanding business failure has been one of the central topics of business studies for decades, driven by the concern of numerous stakeholders in corporations and the dramatic consequences of corporate failures. The initial work of Fitzpatrick (1932) following the stock market crash of 1929 has developed into a considerable canon known by various names on the prediction of business failure.
