Exploring critical factors of green business failure based on Grey-Decision Making Trial and Evaluation Laboratory (DEMATEL)

Business failure is an important issue for companies in the 21st century, and green business is of global concern. Therefore, it is of vital importance to reveal the critical factors that could lead to green business failure. Nevertheless, existing research has not fully addressed this yet. This stu...

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Published in	Journal of business research Vol. 98; pp. 450 - 461
Main Authors	Cui, Li, Chan, Hing Kai, Zhou, Yizhuo, Dai, Jing, Lim, Jia Jia
Format	Journal Article
Language	English
Published	Elsevier Inc 01.05.2019
Subjects	Company life cycle Critical factors Green business failure Grey Decision Making Trial and Evaluation Laboratory (DEMATEL) Company life cycle Critical factors Grey Decision Making Trial and Evaluation Laboratory (DEMATEL) Green business failure
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Abstract	Business failure is an important issue for companies in the 21st century, and green business is of global concern. Therefore, it is of vital importance to reveal the critical factors that could lead to green business failure. Nevertheless, existing research has not fully addressed this yet. This study adopts the company life cycle theory to identify such critical factors. The Decision Making Trial and Evaluation Laboratory (DEMATEL) method is applied to convert the expert opinion into quantifiable data, and grey relational analysis is used to take the imprecise information into account in order to improve the validity of the results. Research frameworks constructed from company life cycle is able to reflect the critical factors that lead to green business failure at different development phases. Meanwhile, the adoption of Grey DEMATEL improves the accuracy of assessment, and the result of assessment provides feasible and practical suggestions for decision-making.
AbstractList	Business failure is an important issue for companies in the 21st century, and green business is of global concern. Therefore, it is of vital importance to reveal the critical factors that could lead to green business failure. Nevertheless, existing research has not fully addressed this yet. This study adopts the company life cycle theory to identify such critical factors. The Decision Making Trial and Evaluation Laboratory (DEMATEL) method is applied to convert the expert opinion into quantifiable data, and grey relational analysis is used to take the imprecise information into account in order to improve the validity of the results. Research frameworks constructed from company life cycle is able to reflect the critical factors that lead to green business failure at different development phases. Meanwhile, the adoption of Grey DEMATEL improves the accuracy of assessment, and the result of assessment provides feasible and practical suggestions for decision-making.
Author	Chan, Hing Kai Lim, Jia Jia Dai, Jing Cui, Li Zhou, Yizhuo
Author_xml	– sequence: 1 givenname: Li surname: Cui fullname: Cui, Li organization: School of Business, Dalian University of Technology, Panjin, China – sequence: 2 givenname: Hing Kai surname: Chan fullname: Chan, Hing Kai email: Hingkai.Chan@nottingham.edu.cn organization: Nottingham University Business School China, University of Nottingham Ningbo China, Ningbo, China – sequence: 3 givenname: Yizhuo surname: Zhou fullname: Zhou, Yizhuo organization: School of Business, Dalian University of Technology, Panjin, China – sequence: 4 givenname: Jing surname: Dai fullname: Dai, Jing organization: Nottingham University Business School China, University of Nottingham Ningbo China, Ningbo, China – sequence: 5 givenname: Jia Jia surname: Lim fullname: Lim, Jia Jia organization: Nottingham University Business School China, University of Nottingham Ningbo China, Ningbo, China
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Snippet	Business failure is an important issue for companies in the 21st century, and green business is of global concern. Therefore, it is of vital importance to...
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SubjectTerms	Company life cycle Critical factors Green business failure Grey Decision Making Trial and Evaluation Laboratory (DEMATEL)
Title	Exploring critical factors of green business failure based on Grey-Decision Making Trial and Evaluation Laboratory (DEMATEL)
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