Default prediction in Pakistan using financial ratios and sector level variables
Default prediction provides a way to control and direct firms in achieving their goals. The common approach in this regard has been to study the relationship between set of explanatory variables and financial distress. The study served specific objectives by highlighting the sectors impact on financ...
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| Format: | Article |
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Econjournals
2016
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| _version_ | 1796861650666520576 |
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| author | Ramakrishnan, Suresh Nabi, Agha Amad Ahmad Anuar, Melati |
| author_facet | Ramakrishnan, Suresh Nabi, Agha Amad Ahmad Anuar, Melati |
| author_sort | Ramakrishnan, Suresh |
| collection | ePrints |
| description | Default prediction provides a way to control and direct firms in achieving their goals. The common approach in this regard has been to study the relationship between set of explanatory variables and financial distress. The study served specific objectives by highlighting the sectors impact on financial behavior of Pakistani listed firms across sectors. The study looks into the sector specific attributes that affect the bankruptcy prediction determinants. Since sectors operate in business environments which are subject to different levels of growth, competiveness and market concentration. The study will investigate the relationship of several independent firm-level, sector level variables that have to be examined with dependent variable. Financial variables nature is not normal so logit used for the nature and also financial distress is binomial variable. In addition, the company may provide the possibility of financial distress and indicates an argument that this study used independent variables that are best predictors of financial distress. |
| first_indexed | 2024-03-05T19:59:37Z |
| format | Article |
| id | utm.eprints-69133 |
| institution | Universiti Teknologi Malaysia - ePrints |
| last_indexed | 2024-03-05T19:59:37Z |
| publishDate | 2016 |
| publisher | Econjournals |
| record_format | dspace |
| spelling | utm.eprints-691332017-11-20T08:52:16Z http://eprints.utm.my/69133/ Default prediction in Pakistan using financial ratios and sector level variables Ramakrishnan, Suresh Nabi, Agha Amad Ahmad Anuar, Melati HV Social pathology. Social and public welfare Default prediction provides a way to control and direct firms in achieving their goals. The common approach in this regard has been to study the relationship between set of explanatory variables and financial distress. The study served specific objectives by highlighting the sectors impact on financial behavior of Pakistani listed firms across sectors. The study looks into the sector specific attributes that affect the bankruptcy prediction determinants. Since sectors operate in business environments which are subject to different levels of growth, competiveness and market concentration. The study will investigate the relationship of several independent firm-level, sector level variables that have to be examined with dependent variable. Financial variables nature is not normal so logit used for the nature and also financial distress is binomial variable. In addition, the company may provide the possibility of financial distress and indicates an argument that this study used independent variables that are best predictors of financial distress. Econjournals 2016 Article PeerReviewed Ramakrishnan, Suresh and Nabi, Agha Amad and Ahmad Anuar, Melati (2016) Default prediction in Pakistan using financial ratios and sector level variables. International Journal of Economics and Financial Issues, 6 (3). pp. 197-202. ISSN 2146-4138 http://www.scopus.com |
| spellingShingle | HV Social pathology. Social and public welfare Ramakrishnan, Suresh Nabi, Agha Amad Ahmad Anuar, Melati Default prediction in Pakistan using financial ratios and sector level variables |
| title | Default prediction in Pakistan using financial ratios and sector level variables |
| title_full | Default prediction in Pakistan using financial ratios and sector level variables |
| title_fullStr | Default prediction in Pakistan using financial ratios and sector level variables |
| title_full_unstemmed | Default prediction in Pakistan using financial ratios and sector level variables |
| title_short | Default prediction in Pakistan using financial ratios and sector level variables |
| title_sort | default prediction in pakistan using financial ratios and sector level variables |
| topic | HV Social pathology. Social and public welfare |
| work_keys_str_mv | AT ramakrishnansuresh defaultpredictioninpakistanusingfinancialratiosandsectorlevelvariables AT nabiaghaamad defaultpredictioninpakistanusingfinancialratiosandsectorlevelvariables AT ahmadanuarmelati defaultpredictioninpakistanusingfinancialratiosandsectorlevelvariables |