Management Papers
Document Type
Technical Report
Date of this Version
2003
Publication Source
Organization Science
Volume
14
Issue
5
Start Page
497
Last Page
509
DOI
10.1287/orsc.14.5.497.16761
Abstract
Systematic differences in the determinants of firm failure between firms that fail early in their life and those that fail after having successfully negotiated the early liabilities of newness and adolescence are identified. Analysis of data from 339 Canadian corporate bankruptcies suggests that failure among younger firms may be attributable to deficiencies in managerial knowledge and financial management abilities. Failure among older firms, on the other hand, may be attributable to an inability to adapt to environmental change.
Copyright/Permission Statement
Originally published in Organization Science © 2003 INFORMS
This is a pre-publication version. The final version is available at http://dx.doi.org/10.1287/orsc.14.5.497.16761
Keywords
liability of newness, resource-based view, bankruptcy
Recommended Citation
Thornhill, S., & Amit, R. (2003). Learning about Failure: Bankruptcy, Firm Age, and the Resource-Based View. Organization Science, 14 (5), 497-509. http://dx.doi.org/10.1287/orsc.14.5.497.16761
Included in
Business Administration, Management, and Operations Commons, Business Analytics Commons, Business and Corporate Communications Commons, Business Intelligence Commons, Management Information Systems Commons, Management Sciences and Quantitative Methods Commons, Organizational Behavior and Theory Commons
Date Posted: 25 October 2018
This document has been peer reviewed.