文章基本信息

标题：Predicting financial distress companies in the manufacturing and non-manufacturing sectors in Malaysia using macroeconomic variables
本地全文：下载
作者：Mohd Norfian Alifiah ; Muhammad Sohail Tahir
期刊名称：Management Science Letters
印刷版ISSN：1923-9335
电子版ISSN：1923-9343
出版年度：2018
卷号：8
期号：6
页码：593-604
DOI：10.5267/j.msl.2018.4.031
出版社：Growing Science
摘要：This paper attempts to predict financial distress companies in the manufacturing and non-manufacturing sectors in Malaysia using financial distress companies as the dependent variable and financial ratios and macroeconomic variables as the independent variables. Logit Analysis was used as the analysis procedure because ratios do not have to be normal if it is used. It is also suitable when the dependent variable is binary in nature. Furthermore, it can also provide the probability of a company being financially distressed. This study found that the independent variables that can be used to predict financial distress companies in the manufacturing sector in Malaysia were total assets turnover ratio, current ratio, net income to total assets ratio and money supply (M2). However, the independent variables that can be used to predict financial distress companies in the nonmanufacturing sector in Malaysia were debt ratio, working capital ratio, net income to total assets ratio and money supply (M2). This study provides the prediction models of financial distress companies in the manufacturing and non-manufacturing sectors in Malaysia using financial ratios and macroeconomic variables as its independent variables.
关键词：Macroeconomic variables Financial ratios Financial distress Manufacturing sector Non;manufacturing sector Malaysia