Non-systematic review of financial sustainability and financial distress
Every business entity starts its operations for the purpose of earning profit for undefine time period. Beside earning profit, firms also emphasize on their growth and business expansion. However, due to poor financial planning or unseen factors, firms could not achieve targets and eventually face f...
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my.utm.900342021-03-31T06:37:56Z http://eprints.utm.my/id/eprint/90034/ Non-systematic review of financial sustainability and financial distress Raza, Hamad Hassan Gillani, Syed Muhammad Ahmad Ramakrishnan, Suresh Hassan Gillani, Syed Muhammad Afraz Qureshi, Muhammad Imran HB Economic Theory HG Finance Every business entity starts its operations for the purpose of earning profit for undefine time period. Beside earning profit, firms also emphasize on their growth and business expansion. However, due to poor financial planning or unseen factors, firms could not achieve targets and eventually face financial distress and bankruptcy. Once any business fails or bankrupt then it damages not only business its self but also damages many stakeholders like banks, suppliers, creditor and economy over all. In past, particularly in recent financial crisis many researchers and practitioners are engaged in developing the models which can predict financial failure. This study conducted a nonsystematic review on the development different models related to financial distress and observed that which models used which technique and what factors (variables) have been incorporated. Moreover, this study highlighted main features and also criticized drawback of each model. As discussed earlier that every company wants to grow, but this growth must be rational and sustainable. If growth is not sustainable then it may lead towards financial trouble. Therefore, this study suggests that if sustainable growth rate (SGR) will be incorporated in prediction modeling than accuracy of models can be improved. SDA, LTD 2020-07 Article PeerReviewed Raza, Hamad and Hassan Gillani, Syed Muhammad Ahmad and Ramakrishnan, Suresh and Hassan Gillani, Syed Muhammad Afraz and Qureshi, Muhammad Imran (2020) Non-systematic review of financial sustainability and financial distress. International Journal of Psychosocial Rehabilitation, 26 (6). pp. 885-900. ISSN 1475-7192 http://dx.doi.org/10.37200/IJPR/V24I6/PR260085 DOI:10.37200/IJPR/V24I6/PR260085 |
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HB Economic Theory HG Finance Raza, Hamad Hassan Gillani, Syed Muhammad Ahmad Ramakrishnan, Suresh Hassan Gillani, Syed Muhammad Afraz Qureshi, Muhammad Imran Non-systematic review of financial sustainability and financial distress |
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Every business entity starts its operations for the purpose of earning profit for undefine time period. Beside earning profit, firms also emphasize on their growth and business expansion. However, due to poor financial planning or unseen factors, firms could not achieve targets and eventually face financial distress and bankruptcy. Once any business fails or bankrupt then it damages not only business its self but also damages many stakeholders like banks, suppliers, creditor and economy over all. In past, particularly in recent financial crisis many researchers and practitioners are engaged in developing the models which can predict financial failure. This study conducted a nonsystematic review on the development different models related to financial distress and observed that which models used which technique and what factors (variables) have been incorporated. Moreover, this study highlighted main features and also criticized drawback of each model. As discussed earlier that every company wants to grow, but this growth must be rational and sustainable. If growth is not sustainable then it may lead towards financial trouble. Therefore, this study suggests that if sustainable growth rate (SGR) will be incorporated in prediction modeling than accuracy of models can be improved. |
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Article |
author |
Raza, Hamad Hassan Gillani, Syed Muhammad Ahmad Ramakrishnan, Suresh Hassan Gillani, Syed Muhammad Afraz Qureshi, Muhammad Imran |
author_facet |
Raza, Hamad Hassan Gillani, Syed Muhammad Ahmad Ramakrishnan, Suresh Hassan Gillani, Syed Muhammad Afraz Qureshi, Muhammad Imran |
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Raza, Hamad |
title |
Non-systematic review of financial sustainability and financial distress |
title_short |
Non-systematic review of financial sustainability and financial distress |
title_full |
Non-systematic review of financial sustainability and financial distress |
title_fullStr |
Non-systematic review of financial sustainability and financial distress |
title_full_unstemmed |
Non-systematic review of financial sustainability and financial distress |
title_sort |
non-systematic review of financial sustainability and financial distress |
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SDA, LTD |
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2020 |
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http://eprints.utm.my/id/eprint/90034/ http://dx.doi.org/10.37200/IJPR/V24I6/PR260085 |
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