Predicting financial distress in the Indian textile sector

被引：3

作者：

Sono, Rashmi Rupesh ^{[1
]}

Hawaldar, Iqbal Thonse ^{[2
]}

Vaswani, Anju Sunny ^{[3
]}

Spulbar, Cristi ^{[4
]}

Birau, Ramona ^{[5
]}

Minea, Elena Loredana ^{[4
]}

Mendon, Suhan ^{[6
]}

Criveanu, Maria Magdalena ^{[4
]}

机构：

[1] KJ Somaiya Inst Management Studies & Res, Mumbai, Maharashtra, India

[2] Kingdom Univ, Coll Business Adm, Dept Accounting & Finance, Riffa, Bahrain

[3] H&GH Mansukhani Inst Management, Ulhasnagar, Maharashtra, India

[4] Univ Craiova, Fac Econ & Business Adm Craiova, Craiova, Romania

[5] C Tin Brancusi Univ Targu Jiu, Fac Educ Sci Law & Publ Adm, Targu Jiu, Romania

[6] MAHE Deemed Be Univ Manipal, Manipal Inst Management, Manipal, India

来源：

INDUSTRIA TEXTILA | 2021年 / 72卷 / 05期

关键词：

textile sector; performance; Altman Z score; bankruptcy; discriminant analysis; financial investment; customer; BANKRUPTCY; RATIOS;

D O I：

10.35530/IT.072.05.20214

中图分类号：

TB3 [工程材料学]; TS1 [纺织工业、染整工业];

学科分类号：

0805 ; 080502 ; 0821 ;

摘要：

The purpose of this paper is to predict the financial distress of companies of the Indian textile sector using Altman Z score. The analysis conducted on 161 listed textile companies in India for a period of 10 years from 2009 to 2018. All the listed companies are categorized into large, medium, and small using the median split method based on the size of total assets, Kruskal Wallis test is applied to test whether the mean z -score is different for each category of companies, This research study shows that majority of the companies in the Indian textile sector are facing financial distress, Further, it shows that the z score of small, medium, and large-scale textile companies in India is significantly different.

引用

页码：503 / 508

页数：6

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