This research aims to investigate the impact of the current ratio (CR), debt to asset ratio DA), and return on assets (ROA) on financial distress. The measure of financial distress level is the Altman Z-score index. The sampling technique in studies is purposive sampling. The sample is 16...

Various researchers and practitioners, notably Stern Stewart Consulting Company andAssociates, have claimed economic value added (EVA) to be superior to traditional accounting measures in driving shareholder value. Other researchers have refuted these claims by supplying data in support of the...

Abstract: This paper analyses the impact of new IFRS reporting rules on financial ratios in comparison with local accounting standards in selected European countries. The article is based mainly on comparison of relevant studies characterizing this subject in different countries. The selection...

Basically P&L and Balance Sheets have internal consistency and interactions. We argue that the ratios usually drawn by these financial statements are in consequence endogenous (either by construction or by mathematical properties). This study interprets its consequences in terms if econometric...

Woolworth Group consists of mainly three-core business, which is Woolworth food group, Endeavour Drinks and Portfolio Business that is listed on Australian stock exchange and S&P. This report consists of overall financial review of the company. The report summarises the company financial data...

We demonstrate improvements in predictive power when introducing spline functions to take account of highly non-linear relationships between firm failure and earnings, leverage, and liquidity in a logistic bankruptcy model. Our results show that modeling excessive non-linearities yields...