Key Indicators of Corporate Financial Status: Empirical Evidence from Indian Industrial Sector

Title

Key Indicators of Corporate Financial Status: Empirical Evidence from Indian Industrial Sector

Creator

Shetty S.H.; Vincent T.N.

Description

The present pandemic situation has led to the rise in the number of financially distressed companies in the Indian business ecosystem. Stakeholders, especially shareholders, unsecured and trade creditors who do not enjoy lien on company assets, should be extra cautious about the financial status of a company before making any investment or lending decision. The present study attempts to suggest the key indicators of corporate financial status after analysing 12 ratios from the financial statements of 162 sample companies for five financial years. The suggested key indicators can assist the shareholders and creditors in differentiating a financially distressed company from a financially sound company in the Indian industrial sector. 2021 SCMS Group of Educational Institutions. All rights reserved.

Source

SCMS Journal of Indian Management, Vol-18, No. 4, pp. 68-79.

Date

2021-01-01

Publisher

SCMS Group of Educational Institutions

Subject

Bankruptcy; Financial Distress; Financial Ratios; Financial Status; IBC; India; Key Indicators

Coverage

Shetty S.H., Department of Commerce, CHRIST (Deemed to be University), Hosur Road, Bengaluru, 560029, India; Vincent T.N., Department of Commerce, CHRIST (Deemed to be University), Hosur Road, Bengaluru, 560029, India

Rights

Restricted Access

Relation

ISSN: 9733167

Format

Online

Language

English

Type

Article

Identifier

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85126565685&partnerID=40&md5=ccb243fbb0a109a727e766551517ab18