Abstract Views :460 |
PDF Views:0
Authors
Affiliations
1 Department of Management Studies, Ranippettai Engineering College, Vellore, Tamil Nadu.
Source
Journal of Commerce and Accounting Research, Vol 1, No 4 (2012), Pagination: 60-64
Abstract
Financial health of the company is foremost important in the global competition. If the company fails to maintain the financial position in long run it cannot survive in the market. This paper analyzes the financial health of the company with the help of Z score model. Sever studies has shows that Altman model has predicted the business failures in time, it will be very helpful for the management to take corrective action.
Keywords
Altman, Working Capital, Retained Earnings, Total Assets, EBIT
References
- Altman, E. (1968). Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy. Journal of Finance.
- Beaver, W. (1967). Financial Ratios as Predictors of Failure, Empirical Research in Accounting: Selected Studies, Supplement. Journal of Accounting Research, pp. 71-127.
- Christopoulos, A., Vergos, K. & Mylonakis, J. (2008). Empirical Investigation of the Business Effects of Announcements to Share Prices. The Journal of Money, Investment and Banking, April, (2), pp. 37-47.
- Grice. & Ingram. (2001). Test of the Generalizability of Altman’s Bankruptcy. Prediction Model. Journal of Business Research, pp. 53-61.
- Jain. & Khan. (2005). Financial Management. New Delhi: Tata McGraw-Hill.
- Kuchakl, S. C. (2006). Corporate Finance Principles and Problems. Allahabad: Chatanya Publishing House.
- Pandey,I. M. Financial Management. (7th ed.). New Delhi: Vikas Publishing House.
- Prasana, C. (1989). Financial Management Theory and Practice. Tata McGraw Hill Ltd.
- Van, H. J. (2002). Financial Management Policy. New Delhi: Prentice Hall of India Pvt. Ltd.
- Vergos, K. & Christopoulos, A. (2008). The Effects of Acquisitions on the Market Value of the Banking Sector: An Empirical Analysis from Greece. European Journal of Scientific Research (EJSR), 24(3).
