Digital Repository

Factors Affecting to Financial Distress - An empirical study of Listed Manufacturing Companies in CSE

Show simple item record

dc.contributor.author Ranasinghe, D.D.A.I.N.
dc.contributor.author Ranjani., R.P.C
dc.date.accessioned 2023-05-23T05:05:48Z
dc.date.available 2023-05-23T05:05:48Z
dc.date.issued 2020
dc.identifier.citation Ranasinghe D.D.A.I.N; Ranjani. R.P.C. (2020), Factors Affecting to Financial Distress - An empirical study of Listed Manufacturing Companies in CSE, 9th Students’ Research Symposium (SRS), Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka. 1-28 en_US
dc.identifier.uri http://repository.kln.ac.lk/handle/123456789/26310
dc.description.abstract Introduction-- Predicting financial distress remains an important area of focus for researchers due to its vital importance. Financial distress prediction model helps managers to take most suitable strategic decision to prevent future financial distress of a company also financial distress prediction information can be used as an early warning for bankruptcy so then management can take actions. This study attempts to examine factors affecting to corporate financial distress of listed manufacturing companies in Colombo Stock Exchange (CSE). Design/Methodology/Approach- This study was conducted using secondary data from annual reports for sample of 29 manufacturing sector firms listed in Colombo Stock Exchange for a period covering 2011-2020. Researcher used E-Views 11 software for data analysis. Financial distress identified as dependent variable while profitability, liquidity, firm size, solvency, and growth as independent variables. Findings- The results reveal that solvency and growth of a company has significantly affect to the financial distress while profitability, liquidity, firm size has no significant relationship with corporate financial distress. Conclusion – This study fulfills the existing research gap of identifying factors that affect to financial distress for manufacturing sector companies in Sri Lanka. According to research results solvency and growth having significant affect to financial distress. en_US
dc.publisher Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka en_US
dc.subject Financial distress, firm size, growth, liquidity, profitability, solvency en_US
dc.title Factors Affecting to Financial Distress - An empirical study of Listed Manufacturing Companies in CSE en_US


Files in this item

This item appears in the following Collection(s)

Show simple item record

Search Digital Repository


Browse

My Account