IMPACT OF FAILURES: A REVIEW IN THE PERSPECTIVE OF SRI LANKAN CORPORATES

Abstract

The primary objective of this study is to review corporate failures in a Sri Lankan perspective. Development history of failure prediction models are introduced followed by case extracts from published authentic sources from the world and Sri Lanka. Methodological approach follows the deductive approach. Factors leading to failure of Sri Lankan corporates are discussed with implications to economy, society and stakeholders. The review concludes by providing suggestions for future research in the domain of corporate failure model building in Sri Lanka to provide early warning signs to stakeholders.