Financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / Khairul Anuar Kamarudin

This dissertation examines financial ratios as a tool of predicting financial distress. The classical Beaver (univariate model) and Altman (multivariate model) are tested in this research on Malaysian environment. In doing so, the dissertation discloses the response of Altman and Beaver towards econ...

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Main Author:	Kamarudin, Khairul Anuar
Format:	Thesis
Language:	English
Published:	2000
Online Access:	https://ir.uitm.edu.my/id/eprint/102003/1/102003.pdf
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id	my-uitm-ir.102003
record_format	uketd_dc
spelling	my-uitm-ir.1020032024-09-28T22:52:28Z Financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / Khairul Anuar Kamarudin 2000 Kamarudin, Khairul Anuar This dissertation examines financial ratios as a tool of predicting financial distress. The classical Beaver (univariate model) and Altman (multivariate model) are tested in this research on Malaysian environment. In doing so, the dissertation discloses the response of Altman and Beaver towards economic recession. The empirical method covers the period 1990-8. From generated Z-Score and Beaver ratio, the patterns show that both models respond very well during economic recession. However, the trend analysis conducted in this study failed to detect any early signals of financial distress. The results from the logistic regression approach confirmed the conclusion made for trend analysis. Majority of the financial ratios in Altman model are insignificant in predicting financial distress in the last three years before the economic recession. The insignificance of the financial ratios in Altman model do not totally reject the model but calls for new coefficient and more appropriate ratios in future research. 2000 Thesis https://ir.uitm.edu.my/id/eprint/102003/ https://ir.uitm.edu.my/id/eprint/102003/1/102003.pdf text en public masters Universiti Teknologi MARA (UiTM) Faculty of Accountancy
institution	Universiti Teknologi MARA
collection	UiTM Institutional Repository
language	English
description	This dissertation examines financial ratios as a tool of predicting financial distress. The classical Beaver (univariate model) and Altman (multivariate model) are tested in this research on Malaysian environment. In doing so, the dissertation discloses the response of Altman and Beaver towards economic recession. The empirical method covers the period 1990-8. From generated Z-Score and Beaver ratio, the patterns show that both models respond very well during economic recession. However, the trend analysis conducted in this study failed to detect any early signals of financial distress. The results from the logistic regression approach confirmed the conclusion made for trend analysis. Majority of the financial ratios in Altman model are insignificant in predicting financial distress in the last three years before the economic recession. The insignificance of the financial ratios in Altman model do not totally reject the model but calls for new coefficient and more appropriate ratios in future research.
format	Thesis
qualification_level	Master's degree
author	Kamarudin, Khairul Anuar
spellingShingle	Kamarudin, Khairul Anuar Financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / Khairul Anuar Kamarudin
author_facet	Kamarudin, Khairul Anuar
author_sort	Kamarudin, Khairul Anuar
title	Financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / Khairul Anuar Kamarudin
title_short	Financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / Khairul Anuar Kamarudin
title_full	Financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / Khairul Anuar Kamarudin
title_fullStr	Financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / Khairul Anuar Kamarudin
title_full_unstemmed	Financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / Khairul Anuar Kamarudin
title_sort	financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / khairul anuar kamarudin
granting_institution	Universiti Teknologi MARA (UiTM)
granting_department	Faculty of Accountancy
publishDate	2000
url	https://ir.uitm.edu.my/id/eprint/102003/1/102003.pdf
_version_	1811769202704384000

Financial ratios as predictor of corporate financial distress (trend analysis and logistic regression approach) / Khairul Anuar Kamarudin

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