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Assessing Financial Soundness of Ceramics Industry in Bangladesh: An Analysis with Altman Z-score Model | ||
International Journal of Business and Development Studies | ||
دوره 15، شماره 1، تیر 2023، صفحه 171-184 اصل مقاله (895.22 K) | ||
نوع مقاله: Research Paper | ||
شناسه دیجیتال (DOI): 10.22111/ijbds.2024.47587.2084 | ||
نویسندگان | ||
Md. Rafiqul Islam* ؛ A.N.M. Asaduzzaman Fakir | ||
Department of Accounting & Information Systems, Jagannath University, Dhaka-1100, Bangladesh | ||
چکیده | ||
This study's goal is to evaluate the financial resilience of Bangladesh's ceramics industry using the Altman Z-Score model. The nation's economy heavily depends on the ceramics industry, which also creates jobs and contributes to industrial output. Rapid expansion in both home and international markets makes the financial stability of the sector essential to the stability of the economy as a whole. Using a quantitative methodology, this study examines information from the fiscal years 2020–21 annual reports of five listed ceramics companies. For the first time in this industry context, the Altman Z-Score model reveals a significant portion of companies falling into the "Distress" zone, indicating a heightened risk of financial challenges. The results have real-world ramifications for investors, legislators, and stakeholders. They can be used to improve financial plans and encourage the expansion of sustainable industries. By addressing a significant void in the assessment of financial resilience within Bangladesh's ceramics industry, the study adds to the body of literature. | ||
کلیدواژهها | ||
Ceramics industry؛ Altman Z-Score model؛ Financial resilience؛ Financial challenges؛ Risk of bankruptcy | ||
مراجع | ||
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