What is it about?
The analysis was conducted on 161 listed textile companies in India for a period of 10 years from 2009 to 2018. All the listed companies are categorized into large, medium, and small using the median split method based on the size of total assets. Kruskal Wallis test is applied to test whether the mean z-score is different for each category of companies.
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Why is it important?
The purpose of this paper is to predict the financial distress of companies of the Indian textile sector using the Altman Z score.
Perspectives
The purpose of this paper is to predict the financial distress of companies of the Indian textile sector using the Altman Z score.
Professor Iqbal Thonse Hawaldar
Kingdom University
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This page is a summary of: Predicting financial distress in the Indian textile sector, Industria Textila, October 2021, The National Research and Development Institute for Textiles and Leather,
DOI: 10.35530/it.072.05.20214.
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