Corporate Failure

Abstract

What are the causes of corporate failure, and can they be avoided? Numerous studies reveal the alarmingly high failure rate of business initiatives, and corporate survival rates have recently declined across the major European economies. This article examines the range of explanations for failure, before considering whether failure can sometimes even be 'good'. indicated that in fact, they weren't generating true shareholder value. Why? The authors maintain that companies operating in global markets are often destined to have lower returns than more traditional companies operating in 'local markets'. They contrast the performance of these big media companies with traditional US newspaper companies,