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EXPLORING THE DETERMINANTS OF BUSINESS FAILURE IN MOROCCO.

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Title: EXPLORING THE DETERMINANTS OF BUSINESS FAILURE IN MOROCCO.
Alternate Title: EXPLORANDO LOS DETERMINANTES DEL FRACASO EMPRESARIAL EN MARRUECOS.
EXPLORANDO OS DETERMINANTES DO FRACASSO EMPRESARIAL EM MARROCOS.
Authors: Lotfi, Siham1 siham.lotfi@uic.ac.ma, Gadmi, Mariam2 mariamgadmi@gmail.com, Loulid, Adil3 loulid.enseignement@gmail.com
Source: International Journal of Professional Business Review (JPBReview). 2025, Vol. 10 Issue 6, p1-15. 15p.
Subject Terms: *BUSINESS failures, *ECONOMIC indicators, *QUALITATIVE research, CONCEPTUAL models, ORGANIZATION management, INSTITUTIONAL theory (Sociology)
Geographic Terms: MOROCCO
Abstract (English): Introduction: The research on business failures has all come to the same conclusion: failing businesses are characterized by unstable financial situations. They consider that any cause leading to default can be embodied in the accounting statements and that examination of these statements is sufficient to exhaust all the factors leading to the default. Thus, the analysis of accounting and financial information makes it possible to assess the evolution of the activity of the company by analyzing the determinants that explain the phenomenon of failure in the financial, organizational, economic and managerial aspects. Objective: This paper aims to identify the characteristics and particularities of the business failure process in the Moroccan context. Theoretical Framework: Business failure, often manifested by insolvency, liquidation, or restructuring, results from a complex set of internal, external, and sometimes accidental factors. Analyzing the causes of this failure requires the use of several theoretical frameworks drawn from the literature on economics, management, and corporate finance. Method: This research adopts a qualitative approach based on a literature review to analyze the main determinants of business failure. The objective is to construct a structured conceptual framework based on existing theoretical and empirical contributions, while identifying trends, convergences and divergences in the results of previous studies. Results and Discussion: The results obtained from the literature review made it possible to identify three main sets of factors explaining business failure: financial determinants, economic determinants and strategic, managerial and organizational determinants. Research Implications: The theoretical and practical implications of this research, based on a literature review, offer valuable perspectives for better understanding and preventing business failure: Clarify the typologies of failure factors, contribute to the consolidation of the conceptual framework, Stimulate future research. Originality/Value: The relevance and value of this research are demonstrated by its ability to offer a clear and operational conceptual framework, capable of informing both academic research and managerial and institutional practices. By identifying the priority levers to monitor to prevent failure, it can positively influence the decisionmaking of managers, consultants, and public policies, thus contributing to strengthening the resilience of businesses in an uncertain economic environment. [ABSTRACT FROM AUTHOR]
Abstract (Spanish): Introducion: Las investigaciones sobre concursos de acreedores empresariales han llegado a la misma conclusión: las empresas en concurso de acreedores se caracterizan por una situación financiera inestable. Consideran que cualquier causa que conduzca al impago puede incorporarse a los estados financieros, y que un examen de estos estados es suficiente para analizar todos los factores que conducen al impago. Por lo tanto, el análisis de la información contable y financiera permite evaluar la evolución de la actividad de la empresa, analizando los determinantes que explican el fenómeno del concurso de acreedores en los aspectos financieros, organizativos, económicos y de gestión. Objetivo: Este artículo tiene como objetivo identificar las características y particularidades del proceso de quiebra empresarial en el contexto marroquí. Marco Teórico: El fracaso empresarial, a menudo manifestado por insolvencia, liquidación o reestructuración, es resultado de un complejo conjunto de factores internos, externos y, en ocasiones, accidentales. El análisis de las causas de este fracaso requiere el uso de diversos marcos teóricos extraídos de la literatura sobre economía, gestión y finanzas corporativas. Método: Esta investigación adopta un enfoque cualitativo basado en una revisión bibliográfica para analizar los principales determinantes del fracaso empresarial. El objetivo es construir un marco conceptual estructurado basado en las contribuciones teóricas y empíricas existentes, identificando tendencias, convergencias y divergencias en los resultados de estudios previos. Resultados y Discusión: Los resultados obtenidos en la revisión de la literatura permitieron identificar tres conjuntos principales de factores que explican el fracaso empresarial: determinantes financieros, determinantes económicos y determinantes estratégicos, gerenciales y organizacionales. Implicaciones de la investigación: Las implicaciones teóricas y prácticas de esta investigación, basadas en una revisión de la literatura, ofrecen perspectivas valiosas para una mejor comprensión y prevención del fracaso empresarial: Clarificar las tipologías de los factores de fracaso, Contribuir a la consolidación del marco conceptual, Estimular futuras investigaciones. Originalidad/Valor: La relevancia y el valor de esta investigación se demuestran en su capacidad para proporcionar un marco conceptual claro y operativo que sustenta tanto la investigación académica como las prácticas gerenciales e institucionales. Al identificar las palancas prioritarias que deben monitorearse para prevenir fracasos, puede influir positivamente en la toma de decisiones de gerentes, consultores y responsables de políticas públicas, contribuyendo así a fortalecer la resiliencia de las empresas en un entorno económico incierto. [ABSTRACT FROM AUTHOR]
Abstract (Portuguese): Introdução: As pesquisas sobre falências empresariais chegaram à mesma conclusão: as empresas em falência são caracterizadas por situações financeiras instáveis. Consideram que qualquer causa que leve ao incumprimento pode estar incorporada nas demonstrações financeiras e que o exame dessas demonstrações é suficiente para esgotar todos os fatores que levam ao incumprimento. Assim, a análise da informação contabilística e financeira permite avaliar a evolução da atividade da empresa, analisando os determinantes que explicam o fenómeno da falência nos aspetos financeiro, organizacional, económico e de gestão. Objetivo: Este artigo tem como objetivo identificar as características e particularidades do processo de falência empresarial no contexto marroquino. Referencial Teórico: O insucesso empresarial, frequentemente manifestado por insolvência, liquidação ou reestruturação, resulta de um conjunto complexo de factores internos, externos e, por vezes, acidentais. A análise das causas deste insucesso requer a utilização de diversos quadros teóricos extraídos da literatura sobre economia, gestão e finanças empresariais. Método: Esta investigação adota uma abordagem qualitativa baseada numa revisão bibliográfica para analisar os principais determinantes do insucesso empresarial. O objetivo é construir um quadro conceptual estruturado com base nos contributos teóricos e empíricos existentes, identificando tendências, convergências e divergências nos resultados de estudos anteriores. Resultados e Discussão: Os resultados obtidos na revisão da literatura permitiram identificar três conjuntos principais de fatores explicativos do insucesso empresarial: determinantes financeiros, determinantes económicos e determinantes estratégicos, de gestão e organizacionais. Implicações da Pesquisa: As implicações teóricas e práticas desta investigação, baseadas numa revisão de literatura, oferecem perspectivas valiosas para uma melhor compreensão e prevenção do insucesso empresarial: Esclarecer as tipologias de factores de insucesso, Contribuir para a consolidação do quadro conceptual, Estimular a investigação futura. Originalidade/Valor: A relevância e o valor desta investigação são demonstrados pela sua capacidade de oferecer um quadro conceptual claro e operacional, capaz de apoiar tanto a investigação académica como as práticas de gestão e institucionais. Ao identificar as alavancas prioritárias a monitorizar para prevenir o insucesso, pode influenciar positivamente a tomada de decisões por parte dos gestores, consultores e políticas públicas, contribuindo assim para o reforço da resiliência das empresas num ambiente económico incerto. [ABSTRACT FROM AUTHOR]
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Database: Business Source Index
Description
Abstract:Introduction: The research on business failures has all come to the same conclusion: failing businesses are characterized by unstable financial situations. They consider that any cause leading to default can be embodied in the accounting statements and that examination of these statements is sufficient to exhaust all the factors leading to the default. Thus, the analysis of accounting and financial information makes it possible to assess the evolution of the activity of the company by analyzing the determinants that explain the phenomenon of failure in the financial, organizational, economic and managerial aspects. Objective: This paper aims to identify the characteristics and particularities of the business failure process in the Moroccan context. Theoretical Framework: Business failure, often manifested by insolvency, liquidation, or restructuring, results from a complex set of internal, external, and sometimes accidental factors. Analyzing the causes of this failure requires the use of several theoretical frameworks drawn from the literature on economics, management, and corporate finance. Method: This research adopts a qualitative approach based on a literature review to analyze the main determinants of business failure. The objective is to construct a structured conceptual framework based on existing theoretical and empirical contributions, while identifying trends, convergences and divergences in the results of previous studies. Results and Discussion: The results obtained from the literature review made it possible to identify three main sets of factors explaining business failure: financial determinants, economic determinants and strategic, managerial and organizational determinants. Research Implications: The theoretical and practical implications of this research, based on a literature review, offer valuable perspectives for better understanding and preventing business failure: Clarify the typologies of failure factors, contribute to the consolidation of the conceptual framework, Stimulate future research. Originality/Value: The relevance and value of this research are demonstrated by its ability to offer a clear and operational conceptual framework, capable of informing both academic research and managerial and institutional practices. By identifying the priority levers to monitor to prevent failure, it can positively influence the decisionmaking of managers, consultants, and public policies, thus contributing to strengthening the resilience of businesses in an uncertain economic environment. [ABSTRACT FROM AUTHOR]
ISSN:25253654
DOI:10.26668/businessreview/2025.v10i6.5529