Suchergebnisse

The survival of a company finds its limit in the problems faced throughout its existenceand which are likely to lead her to failure. Indeed, the company can be affected duringits existence by several parameters that can compromise its durability, among which wemention: continuous or discontinuous decrease of activity, loss of business orders, debtrecovery problems, imbalanced financial structure or a small capitalization,governmental tax adjustment, shareholders changes, key man death, social movement,etc. This makes business failure a transversal, dynamic and complex concept includingmany sides and multiple definitions.The aim of this paper is to highlight the contribution of various studies dedicated tobusiness failure. An in-depth analysis of the literature as well as the factors explainingdistress, leads us to develop a research model of business failure based on a financialapproach.

The link between good governance and better economic and social outcomes is increasingly acknowledged. Transparency – openness about policy objectives, preparation and application – is a key element of good governance. Availability of reliable, relevant and timely information about the public finances allows the government and the citizens to see clearer. Upgraded public service delivery, including the providing of education, healthcare and sanitation, depends on the transparent and efficient management of public funds. Many nations still face challenges in the effective management of their financial resources. Therefore, Transparency is considered as an income to strengthening governance. For more than a decade, civil society organizations around the world, as well as international financial institutions, have been pushing governments to provide the public with more comprehensive budget information. The movement for greater public finance transparency has been gaining momentum in recent years; the recent global financial crisis has put even more emphasis on the importance of budget transparency. Calls for transparency, accountability, and equality have emerged in the whole world, especially the Arab world, with citizens summoning their governments to reveal their incomes and expenditures, as well as strategies and ambitions. To contribute to these efforts, we will be studying and analyzing the reference tools proposed by the international organizations for measuring the degree of budget transparency, and we will attempt to examine the finance transparency in Morocco.