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Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC)

Mohd. Israil, Khaliq Ahmad and Motawe Altarturi, Basheer Hussein and Thas Thaker, Hassanudin Mohd and Harun, Md Yousuf and Nahar, Nurun (2014) Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC). International Journal of Economics, Finance and Management, 3 (3). pp. 141-150. ISSN 2307-2466

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Abstract

The unhealthy financial state can be a massive and can cause long term distress which can result to restrictions of investments activities, capital flows and performance of firms. Thus it is vital for organizations to identify the reasoning that may lead to a corporate failure and take measures accordingly to refrain from such condition. Thus, this present study addresses the financial distress measurement among 30 GLC’s listed companies in Bursa Malaysia over the period of five years (2008 until 2012). This paper asses the financial distress determinant measured by Z score statistics model. Further on, determinant such as current ratio and debt ratio were identified. Results show that there is significant relationship between both variables and Z – Scores that determine financial distressed of the GLC.

Item Type: Article (Journal)
Additional Information: 1820/75037
Uncontrolled Keywords: Financial Distress, GLC, Z score
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HG Finance
H Social Sciences > HG Finance > HG4001 Financial management. Business finance. Corporation finance.
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Finance
Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Mr Ahmad Khaliq
Date Deposited: 29 Oct 2019 09:30
Last Modified: 29 Oct 2019 09:30
URI: http://irep.iium.edu.my/id/eprint/75037

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