Amaravathi, M (2015) Liquidity Position and Credit Risk Management for India’s Top Shipping Companies: an Analysis. The International Journal of Research Pulication's, 4 (9): 9. pp. 132-135. ISSN 2251-1571

[thumbnail of Liquidity Position and Credit Risk Management for India’s Top Shipping Companies An Analysis.pdf] Text
Liquidity Position and Credit Risk Management for India’s Top Shipping Companies An Analysis.pdf - Published Version
Download (476kB)

Abstract

The global financial crisis and the increased number of corporate defaults emphasize the importance of credit risk management. It has been widely acknowledged that the lack of understanding of credit exposures may lead to incorrect use of risk management tools, which in turn might cause major losses by financial institutions triggering their bankruptcy. Consequently, the field of bankruptcy forecasting has gained significant attention in economic research and among practitioners alike. Small or large companies, private or public undertakings, no company can run without borrowed fund. Even non-profit organisations look for financial aid from some sources to exist successfully. Bankruptcy seems to unfold rapidly and news about it seems unexpected, although the signs may have been in evidence for years before the filing takes place. Naturally, many organizational stakeholders are interested in finding a reliable method to predict bankruptcy and financial distress. To date, the methods designed to predict bankruptcy events have had mixed reviews. One common bankruptcy prediction method is Altman’s Z-Score formula. The objective of this study is to apply Altman’s ZScore in an empirical analysis taking into consideration the top three shipping firms of India.

Item Type: Article
Uncontrolled Keywords: Shipping industry, bankruptcy, ALTMAN Z score, Liquidity
Divisions: PSG College of Arts and Science > Department of Management Sciences
Depositing User: Users 1 not found.
Date Deposited: 20 Dec 2021 09:56
Last Modified: 20 Dec 2021 09:56
URI: http://ir.psgcas.ac.in/id/eprint/200

Actions (login required)

View Item
View Item
Altmetric