FsQCA in corporate bankruptcy research. An innovative approach in food industry

Abstract

This study focuses on fsQCA in corporate bankruptcy research. This research aims at revealing how an fsQCA approach can overcome the knowledge gap of current conceptual and methodological attempts to expose corporate bankruptcy's architecture of causalities. The article discusses the economic literature concerning using fsQCA in corporate bankruptcy studies through complexity theory and a critical perspective. The study concentrates on implementing fsQCA and asymmetric thinking to corporate bankruptcy cases in food industry. The research examines the main reasons for corporate bankruptcy, namely: lack of financial liquidity, too high level of liabilities, losses, weak management, and too late recovery actions. The study attempts to build theory from food industry cases.