Abstract
This discussion focuses on the importance of understanding organizational mortality and argues for a renewed focus on this critical area of research. Organizations have changed in fundamental ways since the previous era of organizational mortality research and require a fresh look if we are to understand how these changes might impact the risks and consequences of failure. Furthermore, the tendency of organizational exit rates to cluster around recessionary periods would suggest that refocusing on the subject now could be particularly prescient. To this end, a number of theoretical perspectives are reviewed and possible extensions are proposed. Potential avenues for theory synthesis and integration are discussed.
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