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| Author: | Stubbart, C. I. Knight, M. B. |
| Title: | The case of the disappearing firms: empirical evidence and implications |
| Journal: | Journal of Organizational Behavior
2006 : FEB, VOL 27:1, p. 79-100 |
| Index terms: | life cycles bankruptcy liquidation COMPANIES firm (theory of) organization theory management leadership goals |
| Language: | eng |
| Abstract: | Common organizational theories suggest that the ultimate goal for firms and their managers is company survival. On the other hand, failure in any form is often viewed as a result of managerial 'bungling'. Many theories also have the core assumption that firms have long, even limitless, life-cycles. This article provides broad empirical evidence to support the claim that most firms actually survive relatively short periods. |
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