Business Failure Analysis: An Events Approach

Francis A. Kwansa · H. G. Parsa

31 citations0/0 files storedJournal of Hospitality & Tourism Research

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Corporate Insolvency and Governance Financial Distress and Bankruptcy Prediction Franchising Strategies and Performance

Abstract

An events approach to investigating business failure is presented in this study. The study identifies events in the bankruptcy process that characterize restaurant companies that have filed for bankruptcy under Chapter 11. Based on a sample of 12 matched bankrupt and non-bankrupt companies, events that were unique to the bankrupt companies were: net losses, management turnover, loan default, credit accommodation, royalty default, decline in unit sales, and renegotiation of franchise contract.

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References

1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY 1980Financial Ratios and the Probabilistic Prediction of Bankruptcy 1966Financial Ratios As Predictors of Failure 1977ZETATM analysis A new model to identify bankruptcy risk of corporations 1972An Empirical Test of Financial Ratio Analysis for Small Business Failure Prediction 1974Failing Company Discriminant Analysis 1978Corporate Collapse: The Causes and Symptoms 1987Firm Mortality: Using Market Indicators to Predict Survival

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1996Restaurant attrition: a longitudinal analysis of restaurant failures 2004Examining the possible causes of business failure in British public houses 2019Failure analysis of corporations with multiple hospitality businesses 2015Impact of location on the probability of default in the Spanish lodging industry

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