Term:
Failing firm
Definition:
A failing firm is a firm that has been consistently earning negative profits and losing market share to such an extent that it is likely to go out of business.
Domain:
Finance
Source:
Glossary of Industrial Organisation Economics and Competition Law, compiled by R. S. Khemani and D. M. Shapiro, commissioned by the Directorate for Financial, Fiscal and Enterprise Affairs, OECD, 1993
