Suresh Ramakrishnan, Agha Amad Nabi, Melati Ahmad Anuar

140177

Default Prediction in Pakistan using Financial Ratios and Sector Level Variables

Default Prediction in Pakistan using Financial Ratios and Sector Level Variables

Default prediction provides a way to control and direct firms in achieving their goals. The common approach in this regard has been to study the relationship between set of explanatory variables and financial distress. The study served specific objectives by highlighting the sectors impact on financial behavior of Pakistani listed firms across sectors. The study looks into the sector specific attributes that affect the bankruptcy prediction determinants. Since sectors operate in business environments which are subject to different levels of growth, competiveness and market concentration. The study will investigate the relationship of several independent firm-level, sector level variables that have to be examined with dependent variable. Financial variables nature is not normal so logit used for the nature and also financial distress is binomial variable. In addition, the Company may provide the possibility of financial distress and indicates an argument that this study used independent variables that are best predictors of financial distress.
Keywords:

Financial Distress, Financial Ratio, Sector level variables,

PDF
International Journal of Economics and Financial Issues-Cover
  • Başlangıç: 2011
  • Yayıncı: İlhan ÖZTÜRK
Arşiv
Sayıdaki Diğer Makaleler

Default Prediction in Pakistan using Financial Ratios and Sector Level Variables

Suresh Ramakrishnan, Agha Amad Nabi, Melati Ahmad Anuar

A Nexus between Working Capital Management and Profitability: A Case Study of Pharmaceutical Sector in Pakistan

Zeeshan AHMED, Muhammad Zahid Awan, Muhammad Zulqarnain Safdar, Tafakhar Hasnain, Muhammad Kamran

Effects of Organizational Justice on Organizational Commitment

Asim Rahman, Naveed Shahzad, Kiran Mustafa, Muhammad Fayaz Khan, Faizan Qurashi

Entrepreneurship and Business Ethics: Implications on Corporate Performance

Mercy Ejovwokeoghene OGBARİ, Adunola Oluremi OKE, Adeyemo A. IBUKUNOLUWA, Musibau Akintunde Ajagbe, Andrew Cat Ologbo

Global Financial Crises: Origin and Management

Hock Lye Koh, Su Yean Teh, Wai Kiat Tan

Issues in Transformation from Conventional Banking to Islamic Banking

Muhammad Usman Arshad, Mohammed Effandi Yusoff, Muhammad Sohail Tahir

A Step towards Sustainable Society: The Awareness of Carbon Dioxide Emissions, Climate Change and Carbon Capture in Malaysia

Zulkipli Ghazali, Muhammad Zahid, Tan Siok Kee, M. Yussoff Ibrahim

Government Spending in Indonesia 2005-2013 from Islamic Economic Perspective

Yuli ANDRİANSYAH, M. Bekti Hendrie ANTO

The Relationship between Ownership Structure, Firm Specific Characteristics and Capital Structure: Evidence from Malaysian Middle-capital Public Listed Firms

Hanita Kadir SHAHAR, Azira Abdul ADZİS, Nureliana BADERİ

The Effectiveness of Fraud Prevention and Detection Methods at Universities in Indonesia

Faiz Zamzami, Nabella Duta Nusa, Rudi Prasetya Timur