In recent years, many statistical techniques have been used to indicate the financial variables for the prediction of financial distress. But, prediction of financial distress is a judgemental task. This study provides behavioral evidence from practicing Nepalese business executives on the...

This paper indicated that financial distress in Nepalese enterprises is quite significant. It analyzed how financial ratios deteriorated as the firm moved into financial distress. The financially distressed enterprises have higher operating expense ratio, and lower profitability. Besides, their...