Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Financial Distress and Value Premium using Altman Revised Z-score Model Subject The topic of the resource Altman Z-score; Asset Pricing; Financial Distress; Portfolio Management; Value Premium Description An account of the resource In the stock market, investors and value managers desire to be safe. Estimating equity returns and evaluating potential financial distress risk are essential for investment and trading decisions. The link between distress risk and stock return is controversial, and current literature yields contradicting results. A variety of models may be used to evaluate distress risk-return trade-offs. This paper employs a revised Altman Z-score to examine financial distress and value premiums. Using univariate and multivariate techniques, we examine firm- and industry-level portfolio returns, encompassing all Indian companies listed on the Bombay Stock Exchange (BSE). Results confirm the existence of the distress factor effect found in industry and firm-level portfolios. It shows that the distress risk factor significantly determines stock returns as an independent systematic risk factor. This result is consistently found in most industries. The study demonstrates the existence of a value premium in both distressed and safe zones. The study also used a multivariate GRS test and the Fama-Macbeth procedure to validate the reliability of the distress factor and pricing models. Results confirm that Altman model-based distress factor augmented models improve the performance of existing pricing models with higher reliability and accuracy. 2023 MDI. Creator An entity primarily responsible for making the resource Sharma B.; Srikanth P.; Jeevananda S. Source A related resource from which the described resource is derived Vision Publisher An entity responsible for making the resource available Sage Publications India Pvt. Ltd Date A point or period of time associated with an event in the lifecycle of the resource 2023-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1177/09722629231198604" target="_blank" rel="noreferrer noopener">https://doi.org/10.1177/09722629231198604</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85176907060&amp;doi=10.1177%2F09722629231198604&amp;partnerID=40&amp;md5=78c79e0fa677b383bd5151780ff1a251" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85176907060&amp;doi=10.1177%2f09722629231198604&amp;partnerID=40&amp;md5=78c79e0fa677b383bd5151780ff1a251</a> Rights Information about rights held in and over the resource All Open Access; Bronze Open Access Relation A related resource ISSN: 9722629 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Sharma B., Christ University, Mysore Road, Kengeri Campus, Karnataka, Bangalore, India; Srikanth P., Christ University, Mysore Road, Kengeri Campus, Karnataka, Bangalore, India; Jeevananda S., School of Business and Management, Christ University, Karnataka, Bangalore, India