TABLE 1.

Business failure definitions.

Definition	Study
Entrepreneurial business failure refers to the inability of the entrepreneurs (managers) to mobilize expertise and resources necessary to mitigate weaknesses and threats, resulting in the collapse of an entrepreneurship	Zhang et al., 2019
Business failure refers to the stage where a company has to stop all business operations or go out of business	Amankwah-Amoah, 2016
Business failure refers to voluntary shutting down of business operations owing to poor performance, resulting in insolvency, liquidation, or closure	Garcia Martinez et al., 2019
Business failure can be viewed as a synonym of “distressed businesses” and collapses of businesses. However, some “distressed businesses” can eventually transition to become collapsed businesses	Amankwah-Amoah and Wang, 2019
Business failure can be defined as the cessation of contributions to a business venture owing to its failure to meet the minimum threshold for economic viability as expected by the entrepreneur	Ucbasaran et al., 2012