Journal of Management and Business Solutions 3092-7226 3 Serial Number 15 2025 10 15 Identification of Dimensions, Components, and Indicators of Business Failure with Emphasis on Accounting Anomaly Indicators and Corporate Governance Identification of Dimensions, Components, and Indicators of Business Failure with Emphasis on Accounting Anomaly Indicators and Corporate Governance 1 14 EN Journal Article 2025 07 08 <p class="Abstract" style="line-height: 150%;"><span lang="EN-GB" style="font-size: 8.0pt; line-height: 150%;">The purpose of the present study was to identify the dimensions, components, and indicators of business failure with particular emphasis on accounting anomaly indicators and corporate governance mechanisms. The study is qualitative in terms of research approach and applied in terms of objective, and it was conducted using thematic analysis methodology. The statistical population consisted of academic experts and professionals in the fields of accounting, finance, and corporate governance who possessed sufficient knowledge and expertise regarding the phenomenon of business failure. Participants were selected using purposive sampling. The sample size was not predetermined, and interviews continued until theoretical saturation was achieved; that is, after several consecutive interviews, no new concepts or themes emerged from the data. Accordingly, interviews were conducted with 12 participants. To ensure the trustworthiness of the findings, strategies such as member checking and peer review of the coding and analysis process were employed in order to assess the consistency of the researcher’s interpretations with the actual perspectives of the experts. The results indicated that the dimensions of corporate governance encompass the following components: macro-level business failure factors, organizational-level business failure factors, auditor-specific characteristics, audit process, audit outcomes, role duality, ownership concentration, board independence, board size, and institutional ownership. Furthermore, the dimension of corporate accounting anomalies includes the following indicators: number of shares, profitability, asset growth, earnings management, firm size, book-to-market ratio, investment activities, financing structure, and market efficiency. The findings of this study demonstrate that business failure is a multidimensional phenomenon that is significantly influenced by the interaction between accounting anomaly indicators and corporate governance mechanisms, and that the systematic identification of these dimensions can provide an effective foundation for improving predictive models and preventive policy formulation within organizations.</span></p> https://www.journalmbs.com/index.php/jmbs/article/download/141/114