Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC)
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 acc...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
International Journal of Economics, Finance and Management
2014
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/75037/ http://irep.iium.edu.my/75037/1/75037_Identifying%20Financial%20Distress%20Firms.pdf |
| _version_ | 1848788057331859456 |
|---|---|
| author | Khaliq, Ahmad Motawe Altarturi, Basheer Hussein Thas Thaker, Hassanudin Mohd Harun, Md Yousuf Nahar, Nurun |
| author_facet | Khaliq, Ahmad Motawe Altarturi, Basheer Hussein Thas Thaker, Hassanudin Mohd Harun, Md Yousuf Nahar, Nurun |
| author_sort | Khaliq, Ahmad |
| building | IIUM Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T17:34:46Z |
| format | Article |
| id | iium-75037 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:34:46Z |
| publishDate | 2014 |
| publisher | International Journal of Economics, Finance and Management |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-750372020-12-16T06:52:50Z http://irep.iium.edu.my/75037/ Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC) Khaliq, Ahmad Motawe Altarturi, Basheer Hussein Thas Thaker, Hassanudin Mohd Harun, Md Yousuf Nahar, Nurun H Social Sciences (General) HG Finance HG4001 Financial management. Business finance. Corporation finance. 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. International Journal of Economics, Finance and Management 2014-04 Article PeerReviewed application/pdf en http://irep.iium.edu.my/75037/1/75037_Identifying%20Financial%20Distress%20Firms.pdf 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 http://www.ejournalofbusiness.org/archive/vol3no3/vol3no3_4.pdf |
| spellingShingle | H Social Sciences (General) HG Finance HG4001 Financial management. Business finance. Corporation finance. Khaliq, Ahmad Motawe Altarturi, Basheer Hussein Thas Thaker, Hassanudin Mohd Harun, Md Yousuf Nahar, Nurun Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC) |
| title | Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC) |
| title_full | Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC) |
| title_fullStr | Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC) |
| title_full_unstemmed | Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC) |
| title_short | Identifying financial distress firms: a case study of Malaysia’s Government Linked Companies (GLC) |
| title_sort | identifying financial distress firms: a case study of malaysia’s government linked companies (glc) |
| topic | H Social Sciences (General) HG Finance HG4001 Financial management. Business finance. Corporation finance. |
| url | http://irep.iium.edu.my/75037/ http://irep.iium.edu.my/75037/ http://irep.iium.edu.my/75037/1/75037_Identifying%20Financial%20Distress%20Firms.pdf |