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Deconstructing the notion of blame in corporate failure

Citation

Pal, J and Medway, D and Byrom, JW, Deconstructing the notion of blame in corporate failure, Journal of Business Research, 64, (10) pp. 1043-1051. ISSN 0148-2963 (2011) [Refereed Article]

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DOI: doi:10.1016/j.jbusres.2010.11.001

Abstract

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.

Item Details

Item Type:Refereed Article
Keywords:corporate failure, retailing, blame, culpability
Research Division:Commerce, Management, Tourism and Services
Research Group:Business and Management
Research Field:Corporate Governance and Stakeholder Engagement
Objective Division:Economic Framework
Objective Group:Management and Productivity
Objective Field:Management
Author:Byrom, JW (Dr John Byrom)
ID Code:75367
Year Published:2011
Web of Science® Times Cited:3
Deposited By:Management
Deposited On:2012-01-26
Last Modified:2015-06-22
Downloads:0

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