Please use this identifier to cite or link to this item: https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/14459
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dc.contributor.authorM. Rajesh-
dc.contributor.authorRamana Reddy-
dc.date.accessioned2024-03-02T06:27:48Z-
dc.date.available2024-03-02T06:27:48Z-
dc.date.issued2010-
dc.identifier.urihttp://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/14459-
dc.description.abstractFinancial Distress is a situation where a firm's operating cash flows are not sufficient to satisfy current obligations and the firm is forced to take corrective actions. A firm in financial distress may also face bankruptcy or liquidation to meet its liabilities. Financial distress may be caused by losses, dividend reduction. This paper uses the Z-score model (Al/mans' 1968) to predict risk of Financial Distress of Cl1ittoor Co-operative Sugars Ltd, Chittoor District of Andhra Pradesh ,from the year 2003-2008. Tire results clearly indicate, that the liquidity, working capital turnover efficiency and solvency position of the company is not good. The Z-Score analysis also shows that the company is suffering from the Financial Distress and fending towards bankruptcy.-
dc.publisherJournal of Accounting and Finance-
dc.subjectFinancial Distress-
dc.subjectbankruptcy-
dc.subjectZ-score model-
dc.subjectliquidity-
dc.subjectworking capital tumover efficiency and solvency position-
dc.titleAn Empirical Study on Financial Distress-
dc.volVol. 24-
dc.issuedNo. 2-
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