Authors: Joseph Amankwah-Amoah; Hongxu Zhang
Addresses: Bristol University, School of Economics, Finance and Management, Social Sciences Complex, 8 Woodland Road, Clifton, Bristol, BS8 1TN, UK ' Bristol University, School of Economics, Finance and Management, Social Sciences Complex, 8 Woodland Road, Clifton, Bristol, BS8 1TN, UK
Abstract: In spite of a growing body of literature on business failures in China and the effects of government policy, our understanding of the current state of knowledge remains unclear. The study advances research on the subject by developing the 'four-parties' framework to review and synthesises the literature. The paper lays the groundwork for an integrated understanding of the causes and consequences of business failure. In sharp contrast with the evolution and development of western-based business failure research, much of the literature on China and the Chinese firms have focused largely on business failure prediction models by bypassing the traditional evolution from qualitative case study/story approaches to quantitative-based approaches. The study outlines the important implications and promising avenues for future research.
Keywords: business failure; China; government policy; industrial policy.
International Journal of Foresight and Innovation Policy, 2015 Vol.10 No.2/3/4, pp.180 - 197
Received: 27 Jul 2015
Accepted: 11 Oct 2015
Published online: 25 Jan 2016 *