BUSINESS FAILURE: WHY BUSINESSES FAILRecurring causes and problemsIntroductionAbout the researchThis research will focus primarily on the area of business failures. The objective here will be to investigate the causes and symptoms of these failures, the recurring themes and the role of regulation, incentive systems, ethics, corporate culture and economic factors in these failures. This research will also focus on prediction models and their effectiveness in predicting future failures. The logic of this argument comes from the history of corporate failures and fraud and the fact that the global economy is still fragile, following the 2008 financial crisis, the collapse of banks and other financial institutions globally. Non-financial institutions have also collapsed due to some of the factors already identified above. In the literature, various aspects have been linked to these failures and corporate governance has been identified as the main one (Kumar N, 2013). Thornburgh linked the failures of Enron and WorldCom to a complete collapse of governance (Wells J...
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