stdClass Object ( [id] => 8495 [paper_index] => EW201612-01-001445 [title] => DETERMINANTS OF FINANCIAL SOUNDNESS IN INDIAN COMPANIES [description] =>
  1. Altman, E. I. (1968a), ‘Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy’, The Journal of Finance, Vol. 23, No.4, pp. 589-609
  2. Altman, E. I. (1968b), ‘The Prediction of Corporate Bankruptcy: A Discriminant Analysis’, The Journal of Finance, Vol. 23, No. 1, pp. 193-194.
  3. Altman, E. I. (2000), ‘Predicting Financial Distress of Companies: Revisiting the Z- Score and Zeta ® Model’, Retrieved on January 1st, 2010 from http://pages.stern.nyu.edu/~ealtman/Zscores.pdf.
  4. Altman, E. I. (2005), ‘An emerging market credit scoring system for corporate bonds’, Emerging Markets Review, Vol. 6, No. 4, pp. 311–323.
  5. Deakin, E. B. (1972), ‘A Discriminant Analysis of Predictors of Business Failure’, Journal of Accounting Research, Vol. 10, No. 1, pp. 167-179.
  6. Dimitras, A. I., Zanakis, S. H. and Zopounidis, C. (1996), ‘Theory and Methodology: A Survey of Business Failures With an Emphasis on Prediction Methods and Industrial Applications’, European Journal of Operational Research, Vol. 90, No. 3, pp. 487-513.
  7. Edmister, R. O .(1972), ‘Financial Ratios as Discriminant Predictors of Small Business Failure’, The Journal of Finance, Vol. 27, No. 1, pp. 139-140
  8. Eljelly, A. M. A. and Mansour, I. H. F. (2001), 'Predicting Private Companies Failure in the Sudan', Journal of African Business, Vol. 2, No. 2, pp. 23-43.
  9. Hunter, J. and Natalia, I. (2006), ‘Aggregate Economy Risk and Company Failure: An Examination of UK Quated Firms in the Early 1990’s’, Journal of Policy Modeling, Vol. 28, No. 8, pp. 911-919.
  10. Jayadev, M. (2006), ‘Predictive Power of Financial Risk Factors: An Empirical Analysis of Default Companies’, Viklpa, Vol. 31, No. 3, pp. 45-56.
  11. Moyer. R. C., (1977), ‘Forecasting Financial Failure: A Re-Examination’, Financial Management, Vol. 6, No. 1, pp. 11-17
  12. Pinches, G. E., and Kent, A. M. (1973), ‘A Multivariate Analysis of Industrial Bond Ratings’, The Journal of Finance, Vol. 28, No.1, pp. 1-18
  13. Williams, W. H. and Goodman, M. L. (1971), ‘A Statistical Grouping of Corporations by their Financial Characteristics’, The Journal of Financial and Quantitative Analysis, Vol. 6, No. 4,  pp.1095-1104.
[author] => Dr. Chandrashekhar R [googlescholar] => https://scholar.google.co.in/citations?view_op=view_citation&hl=en&user=KeqZGcIAAAAJ&imq=EPRA+International+Journal+of+Economic+and+Business+Review&citation_for_view=KeqZGcIAAAAJ:Y5dfb0dijaUC [doi] => [year] => 2016 [month] => December [volume] => 4 [issue] => 12 [file] => eprapub/EW201612-01-001445.pdf [abstract] =>

A number of researchers have undertaken empirical studies in predicting business failure. Using discriminant analysis Altman developed a z-score model long ago. Several other researchers in the developed countries developed different models to predict business failure. Most of the empirical studies reveals that z-score become best predictor of business failure. Z-score model uses financial information to predict business performance. The analysis of variance of 28 ratios reveal significant difference between different companies for 19 ratios. The discriminant coefficient of inventory turnover ratio, sales to total assets ratio, current ratio and total debt to total assets ratio are higher and emerged as discriminators between companies. These four ratios determine the financial efficiency of the companies and included in the z-score model.

KEY WORDS: Ratio, z-Score, Discriminant Coefficient, Financial Efficiency.

[keywords] => [doj] => [hit] => 1647 [status] => [award_status] => P [orderr] => 26 [journal_id] => 4 [googlesearch_link] => [edit_on] => [is_status] => 1 [journalname] => EPRA International Journal of Economic and Business Review(JEBR) [short_code] => IJES [eissn] => 2347-9671 (O), 2349-0187(P) [pissn] => [home_page_wrapper] => images/products_image/12.JEBR.png ) Error fetching PDF file.