The determinant of financial distress among public listed company in Malaysia / Nur Hidayah Mohd Kamil
The goal of this research is to look into the factors that contribute to financial distress among Malaysian publicly listed firms between 2015 and 2021. Several factors can cause a company to fail, and financial distress determinants are important to the company, bankers, investors, asset managers,...
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| Format: | Thesis |
| Language: | English |
| Published: |
2022
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| Subjects: | |
| Online Access: | https://ir.uitm.edu.my/id/eprint/105841/1/105841.pdf |
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| Summary: | The goal of this research is to look into the factors that contribute to financial distress among Malaysian publicly listed firms between 2015 and 2021. Several factors can cause a company to fail, and financial distress determinants are important to the company, bankers, investors, asset managers, and rating agencies. Early warning signs of financial distress can assist the manager in taking preventive measures to save the company from going bankrupt. Any economic agent with an interest in the company, such as shareholders, managers, employees, bankers, and customers, will be impacted by the company's failure. The sample includes 154 observations extracted from Bursa Malaysia, as of 2021. In this research, the financial performance is measured by its dependent variable which is Altman Z-Score and its independent variable which are Return On Assets (ROA), Debt Ratio (DR) and Quick Ratio (QR). This study's main goal is to identify financial difficulty among public listed companies on Bursa Malaysia by using the Altman Z-Score Model as a stand-in for financial distress. From 2015 to 2021, panel data from 22 firms listed on Bursa Malaysia was collected. As potential predictors of financial distress, this study used the Financial Statement from certain factors that are not included in the Altman Z-Score model. This study adds to the body of literature by presenting data from the viewpoint of developing nations. |
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