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Deconstructing the notion of blame in corporate failure

journal contribution
posted on 2023-05-17, 10:01 authored by Pal, J, Medway, D, Byrom, JW
Corporate failure is the subject of considerable academic debate since the 1960s. Failure in the retail sector receives less attention however. This paper addresses the notion of blame in corporate failure. Reference to A Goldberg and Sons, a failed retailer, exemplifies the discussion. Prior to bankruptcy in 1990, this firm was a successful Scottish department store and clothing retailer. The study takes a historical approach, using in-depth interviews, archival material, and other secondary data sources. Findings reveal that, despite warning signs from various key performance indicators and external reviews, the company's board failed to act appropriately. A series of bad strategic decisions contributed to the company's failure. In line with theories of blame attribution, through their (in)actions, the board's negligence played a major role in the firm's demise.

History

Publication title

Journal of Business Research

Volume

64

Issue

10

Pagination

1043-1051

ISSN

0148-2963

Department/School

TSBE

Publisher

Elsevier

Place of publication

USA

Rights statement

The definitive version is available at http://www.sciencedirect.com

Repository Status

  • Restricted

Socio-economic Objectives

Management

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