摘要
In Morocco,business failures will grow by 4%in 2019,according to the latest Euler Hermes report.The international credit insurer has placed Morocco in the category of countries that will suffer a deterioration.After Turkey,Morocco posted the second most important degradation of the category.Already high in 2017(12%),the aggravation of the failures of Moroccan companies exceeds by 10%the level of the period 2003-2007 which places the kingdom among the most exposed countries.A situation that is the exact opposite of the global trend since business failures will have to decline according to Euler Hermes,notably thanks to the improvement in the global economic situation.This research is a response to the calls of many authors who urge testing conceptual frameworks,even the most elaborated,in an international context.It is also a continuation of the pioneering work on the business failures,with an original perspective on examining the determinants of the companies based in a developing country.The determinants of the failures have been the subject of many conceptual and empirical developments without a consensus emerging from this research.To do so,four of the most recurrent mechanisms in Western investigations that lead to a business failure have been put to test:business failure,managerial behavior,business sector,and age of the firm and its legal form.The empirical study was conducted through a questionnaire sent to companies and/or managers of the defaulting companies already identified with the Casablanca Commercial Court.Results show that the age of manager,personal skills,and the managerial skills are the main determinants of the business failures.
