Determinants of financial distress among manufacturing companies in Malaysia

This study is conducted to evaluate the relationship between liquidity (WCTA, CACL), leverage (TDTA, CLNW), profitability (EBTA, ROE, ROA), BTMV, sales growth, and cash flow (CFFTL, CFITL, CFOTL) and the corporate financial distress among listed manufacturing firms in Malaysia. This study uses a sam...

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Main Author:	Nur Hafizah, Roslan
Format:	Thesis
Language:	eng eng
Published:	2015
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/4924/1/s816217.pdf https://etd.uum.edu.my/4924/2/s816217_abstract.pdf
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id	my-uum-etd.4924
record_format	uketd_dc
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Md Rus, Rohani
topic	HG Finance
spellingShingle	HG Finance Nur Hafizah, Roslan Determinants of financial distress among manufacturing companies in Malaysia
description	This study is conducted to evaluate the relationship between liquidity (WCTA, CACL), leverage (TDTA, CLNW), profitability (EBTA, ROE, ROA), BTMV, sales growth, and cash flow (CFFTL, CFITL, CFOTL) and the corporate financial distress among listed manufacturing firms in Malaysia. This study uses a sample from 2001 to 2014. Logistic regression is used to evaluate the relationship between the variables in three models. In model 1, the result shows that the WCTA, TDTA, EBTA, ROA, BTMV, and CFOTL have significant relationship with corporate financial distress. In model 2 when only cash flows variables are included, the results show that CFITL and CFOTL are negatively significant with financial distressed. In model 3 when all variables are included in the analysis, the results remain similar as in model 1. In model 4 when the stepwise logit regression is used, the results similar as in model 1
format	Thesis
qualification_name	masters
qualification_level	Master's degree
author	Nur Hafizah, Roslan
author_facet	Nur Hafizah, Roslan
author_sort	Nur Hafizah, Roslan
title	Determinants of financial distress among manufacturing companies in Malaysia
title_short	Determinants of financial distress among manufacturing companies in Malaysia
title_full	Determinants of financial distress among manufacturing companies in Malaysia
title_fullStr	Determinants of financial distress among manufacturing companies in Malaysia
title_full_unstemmed	Determinants of financial distress among manufacturing companies in Malaysia
title_sort	determinants of financial distress among manufacturing companies in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2015
url	https://etd.uum.edu.my/4924/1/s816217.pdf https://etd.uum.edu.my/4924/2/s816217_abstract.pdf
_version_	1747827829898215424
spelling	my-uum-etd.49242021-04-04T08:19:17Z Determinants of financial distress among manufacturing companies in Malaysia 2015 Nur Hafizah, Roslan Md Rus, Rohani Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HG Finance This study is conducted to evaluate the relationship between liquidity (WCTA, CACL), leverage (TDTA, CLNW), profitability (EBTA, ROE, ROA), BTMV, sales growth, and cash flow (CFFTL, CFITL, CFOTL) and the corporate financial distress among listed manufacturing firms in Malaysia. This study uses a sample from 2001 to 2014. Logistic regression is used to evaluate the relationship between the variables in three models. In model 1, the result shows that the WCTA, TDTA, EBTA, ROA, BTMV, and CFOTL have significant relationship with corporate financial distress. In model 2 when only cash flows variables are included, the results show that CFITL and CFOTL are negatively significant with financial distressed. In model 3 when all variables are included in the analysis, the results remain similar as in model 1. In model 4 when the stepwise logit regression is used, the results similar as in model 1 2015 Thesis https://etd.uum.edu.my/4924/ https://etd.uum.edu.my/4924/1/s816217.pdf text eng public https://etd.uum.edu.my/4924/2/s816217_abstract.pdf text eng public masters masters Universiti Utara Malaysia Altman, E. I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. Journal of Finance, 23, 589-609. Altman, E. I. (1993) Corporate Financial Distress and Bankruptcy (2nd ed.), New York: John Wiley. Altman, E. I., Haldeman, R. G. & Narayanan, P. (1977). Zeta Analysis: A new model to identify bankruptcy risk of corporations. Journal of Banking and Finance, 1, 9-24. Baimwera, B. (2006). The relationship between book-to-market ratio of equity and distress for stocks quoted at the NSE. Nairobi: University of Nairobi. Barnes, P. (1987). 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Determinants of financial distress among manufacturing companies in Malaysia

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