Financial distress determinants of the government linked companies (GLC) in Malaysia

A company’s financial distress can be critical and have long -term effects if not addressed with comprehensive strategic actions and plans. Financial distress will have an impact on investment activity, capital flows, and a significant impact on a company’s performance. The purpose of this study was...

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Main Author:	Mohd Adha, Leman
Format:	Thesis
Language:	eng eng
Published:	2021
Subjects:	HG Finance
Online Access:	https://etd.uum.edu.my/10324/1/depositpermission_s825617.pdf https://etd.uum.edu.my/10324/2/s825617_01.pdf
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id	my-uum-etd.10324
record_format	uketd_dc
spelling	my-uum-etd.103242023-03-01T04:01:15Z Financial distress determinants of the government linked companies (GLC) in Malaysia 2021 Mohd Adha, Leman Mazlan, Ahmad Rizal School of Economics, Finance & Banking School of Economics, Finance & Banking HG Finance A company’s financial distress can be critical and have long -term effects if not addressed with comprehensive strategic actions and plans. Financial distress will have an impact on investment activity, capital flows, and a significant impact on a company’s performance. The purpose of this study was to measure the level of financial stress faced by the company. This study focuses on Government Linked Companies (GLCs). GLCs are companies that are commercially objective and have interests in the government. Having significance can be construed with a government where the appointment of the board of directors, top management, and key decision-making involves the company being directly controlled by the government. Therefore, this government -linked company is very important to study its level of financial performance. This study will measure financial distress among 30 Government Linked Companies (GLCs) comprising various sectors. To measure the level of financial distress of a company, will use financial ratios such as Leverage ratio, Profitability ratio, Liquidity ratio, and Total Assets owned by the company and this also shows the correlation of financial ratios with Altman Z-Score Model. Based on previous studies, various methods have been used to measure the level of financial distress of companies by conducting studies on companies in various sectors such as the energy sector, construction, SMEs, and others. In addition, various measurement methods have been used such as financial ratios, Altman Z-Score Model, Grover, and Zmijewski. In this study, E-View 10 was used to analyze the data and the method used was Logit Regression Analysis (Stepwise Forward) to obtain the relationship between financial ratio and Altman Z-Score Model. The results in this study found that the debt ratio and total assets have a strong correlation which is a determinant of a company’s financial distress. 2021 Thesis https://etd.uum.edu.my/10324/ https://etd.uum.edu.my/10324/1/depositpermission_s825617.pdf text eng staffonly https://etd.uum.edu.my/10324/2/s825617_01.pdf text eng public other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Mazlan, Ahmad Rizal
topic	HG Finance
spellingShingle	HG Finance Mohd Adha, Leman Financial distress determinants of the government linked companies (GLC) in Malaysia
description	A company’s financial distress can be critical and have long -term effects if not addressed with comprehensive strategic actions and plans. Financial distress will have an impact on investment activity, capital flows, and a significant impact on a company’s performance. The purpose of this study was to measure the level of financial stress faced by the company. This study focuses on Government Linked Companies (GLCs). GLCs are companies that are commercially objective and have interests in the government. Having significance can be construed with a government where the appointment of the board of directors, top management, and key decision-making involves the company being directly controlled by the government. Therefore, this government -linked company is very important to study its level of financial performance. This study will measure financial distress among 30 Government Linked Companies (GLCs) comprising various sectors. To measure the level of financial distress of a company, will use financial ratios such as Leverage ratio, Profitability ratio, Liquidity ratio, and Total Assets owned by the company and this also shows the correlation of financial ratios with Altman Z-Score Model. Based on previous studies, various methods have been used to measure the level of financial distress of companies by conducting studies on companies in various sectors such as the energy sector, construction, SMEs, and others. In addition, various measurement methods have been used such as financial ratios, Altman Z-Score Model, Grover, and Zmijewski. In this study, E-View 10 was used to analyze the data and the method used was Logit Regression Analysis (Stepwise Forward) to obtain the relationship between financial ratio and Altman Z-Score Model. The results in this study found that the debt ratio and total assets have a strong correlation which is a determinant of a company’s financial distress.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Mohd Adha, Leman
author_facet	Mohd Adha, Leman
author_sort	Mohd Adha, Leman
title	Financial distress determinants of the government linked companies (GLC) in Malaysia
title_short	Financial distress determinants of the government linked companies (GLC) in Malaysia
title_full	Financial distress determinants of the government linked companies (GLC) in Malaysia
title_fullStr	Financial distress determinants of the government linked companies (GLC) in Malaysia
title_full_unstemmed	Financial distress determinants of the government linked companies (GLC) in Malaysia
title_sort	financial distress determinants of the government linked companies (glc) in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	School of Economics, Finance & Banking
publishDate	2021
url	https://etd.uum.edu.my/10324/1/depositpermission_s825617.pdf https://etd.uum.edu.my/10324/2/s825617_01.pdf
_version_	1776103791205023744

Financial distress determinants of the government linked companies (GLC) in Malaysia

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